Examlex
Virtue Ethics is agent-centered as opposed to act-centered, focusing more on the character of the person making the decision rather than focusing on the decision itself.
Equivalent Units
A concept used in cost accounting to express the amount of work done on partially finished goods in terms of fully finished goods, helpful in calculating costs in process costing systems.
Assembly Department
A division within a manufacturing process where parts are assembled to create a final product.
Conversion Cost
The sum of direct labor and overhead costs associated with transforming raw materials into finished goods.
Cooking Department
A segment within a manufacturing or culinary operation where raw materials are prepared, cooked, or processed.
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