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The newly adopted national welfare system means that there is no longer an incentive for poor people to move to a different state in search of better welfare benefits.
First-In, First-Out Method
An inventory valuation method that assumes goods are sold in the order they are acquired, with the oldest inventory items sold first.
Materials
Raw substances or components used in the manufacturing or production process.
Assembly Department
A division within a manufacturing facility where components are assembled into finished products.
First-In, First-Out Method
An accounting method for valuing inventory that assumes the first items placed into inventory are the first sold.
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