Examlex
Some benefits consultants are starting to turn against flexible benefit plans because they believe they serve neither the employee nor the employer well.
First-in
A method used in inventory valuation where the first goods purchased are the first ones to be used or sold.
Materials
Raw inputs used in the manufacturing of products or goods, part of the direct costs in production.
Direct Method
A cash flow statement reporting approach that lists major categories of gross cash receipts and payments.
Service Department
A segment of an organization that provides support services to other departments, rather than directly contributing to the production of goods.
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