Bits of Direct Material Left Over from Normal Manufacturing Processes

question 108

Multiple Choice

Bits of direct material left over from normal manufacturing processes are called:

• A) Scrap
• B) Normal spoilage
• C) Abnormal spoilage
• D) Rework

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Definitions:

Courts Presume

The principle that courts assume certain facts to be true until proven otherwise, under specific legal doctrines or in the absence of evidence to the contrary.

Insurance Contract

An agreement between an insurer and a policyholder in which the insurer promises to pay for specific losses or damages in exchange for premiums paid by the policyholder.

Void

A term describing a contract or legal obligation that is null, having no legal force or effect from the beginning.

Wager

An agreement where a person stakes something of value on an uncertain event with the intent of winning something of greater value.