Examlex
The last department in a production process shows the following information at the end of the period: How many units have been transferred out to finished goods during the period?
Manufacturing Defects
Flaws in a product resulting from the manufacturing process that make it dangerous or unfit for its intended use.
Arbitration
A process for the settlement of disputes whereby an impartial third party or board hears the dispute, then makes a decision that is binding on the parties. Most commonly used to determine grievances arising out of a collective agreement, or in contract disputes.
Automobiles
Motor vehicles with four wheels designed primarily for passenger transportation on public roads.
Caveat Emptor
Latin: “Let the buyer beware.”
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