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A manager assesses a subordinate on personal characteristics that are relevant to the job performance of that subordinate. This is known as
Actual Costs
Expenses that have been incurred as opposed to estimated or budgeted costs.
Work in Process
Inventory that includes raw materials, labor, and overhead costs for products that are in production but not yet complete.
Raw Materials
Basic materials and substances used in the initial stages of production or manufacturing processes.
Indirect Materials
Materials used in the production process that cannot be directly traced back to the finished product in a cost-effective manner.
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