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Briefly describe three types of pay-for-performance programs.
Work in Process
Inventory items that are in the process of being produced but are not yet complete, representing a stage between raw materials and finished goods.
Inventory Levels
The quantity of goods and materials a company holds in stock at a particular time.
Cash Disbursements
The actual cash payments made by a business, including expenses, investments, and debt payments.
Budgeted
The process of creating a financial plan for the anticipated revenues and expenses for a future period.
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