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What is the first step in the feedback control system?
Process Inventory
Inventory that is currently in the stages of production but has not yet been completed.
Cost Reconciliation
The process of explaining the difference between the starting and ending balances of costs in a specific accounting period.
Work in Process
Materials and products that are in the middle of the production process but are not yet completed goods.
Added to Production
The process or action of incorporating additional inputs or resources into the production process to increase output.
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