What Is the Importance of Chain of Custody

question 27

Essay

What is the importance of chain of custody?

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Definitions:

First-in

A term often used in inventory management that refers to goods sold or used in the same order as they were bought or produced.

Materials

The unprocessed materials and parts employed in goods manufacturing.

Equivalent Units

A method used in cost accounting to express the amount of work done on incomplete units in terms of fully completed units.

First-in

A term indicating the prioritization or usage of resources, often in the context of inventory management.