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Which of the following is not a management function according to the theory of administration (Fayol) ?
Inventory Accounts
Accounts used to track the costs of products purchased or produced for sale to customers until the products are sold.
Work in Process Inventory
Inventory that includes all the materials, labor, and overhead costs for products that are in the process of being manufactured but are not yet complete.
Direct Labor Costs
The cost of wages paid to workers directly involved in the production of goods or services.
Raw Materials
Basic materials that are used in the production process, which will be transformed into finished goods through manufacturing.
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