Examlex
Only amounts that can be expressed in dollars and cents can be used in preparing budgets.
Operating Decisions
Choices made by management regarding the day-to-day operations of a company, which affect its operational efficiency and effectiveness.
Lean Manufacturing
An organized approach to reducing waste in manufacturing systems while maintaining productivity levels.
Raw Materials
Raw materials are the basic, unprocessed inputs used in the manufacturing process to produce finished goods.
Journal Entry
The record of a transaction entered in a journal, made up of at least one debit and one credit.
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