Examlex
When perpetual inventory concepts are utilized, a physical inventory count to determine the quantity of inventory on hand is not required.
Standards and Methods
Established procedures and guidelines designed to achieve consistency, reliability, and quality in executing tasks or manufacturing products.
Legal Person
An individual or organization that has legal rights and obligations, including the ability to enter into contracts, sue, and be sued.
Civil Legal Capacity
The ability of an individual to enter into legal agreements and contracts and to sue or be sued.
Civil Obligations
Duties or responsibilities recognized by civil law that require an individual or entity to act or abstain from acting in a certain way.
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