Examlex
Approximately what percentage of research and development spending by businesses in the United States in 2016 went to development (innovation and imitation) and about what percentage went to basic and applied research and invention, respectively?
Indirect Materials
Supplies used in the production process that are not directly part of the final product, such as lubricants for machines.
Direct Labor Hours
The total number of hours worked by employees who are directly involved in the production process of goods or services.
Decentralized Operations
A business structure where decision-making is distributed among various levels or locations rather than concentrated at a single point.
Responsibility Accounting
A system of accounting that collects, summarizes, and reports financial information relating to the responsibilities of individual managers.
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