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Brothers, Patrick and Michael, do not look very much alike. Patrick has green eyes and blond, curly hair like his mother. Michael has blue eyes and dark brown, straight hair like his father. These directly observable characteristics are
Internal Users
These are individuals or groups within an organization who use financial and other data in directing and controlling its operations; they include management, employees, and internal auditors.
Cost of Goods Sold
The costs directly related to the manufacturing of products sold by a business, which encompass both materials and labor expenses.
Cost of Goods Manufactured
The total cost of producing goods during a specific period, including labor, material, and overhead expenses.
Managerial Functions
Essential roles and activities performed by managers to ensure the effective and efficient operation of an organization, such as planning, organizing, leading, and controlling.
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