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Because technology is essential to many jobs, employers must provide formal training classes to help employees learn new technology quickly.
Overhead Costs
Overhead costs refer to ongoing expenses related to the operation of a business that are not directly tied to the production of goods or services, such as rent, utilities, and administrative salaries.
Work in Process
Partially finished goods that are still in the production process at the end of an accounting period.
Inadequately Trained Employees
Workers who lack the necessary skills, knowledge, or experience required to perform their job tasks efficiently and effectively.
Poor Quality Materials
Materials that fail to meet the prescribed standards for production, causing potential defects in the final product.
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