Examlex
A partner requires a majority vote to do those acts that are customary for a member of a partnership conducting the particular business of that partnership.
Direct Materials
Raw materials that are directly traceable to the manufacturing of a product and constitute a significant portion of the production cost.
Direct Materials
Raw materials that can be directly traced back to the production of specific goods or services.
Standard Costs
Predetermined costs of manufacturing a single unit or a number of units during a specific period under normal conditions.
Expected Price
The anticipated market price of a good, service, or asset, often based on historical trends, current market conditions, and future forecasts.
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