Examlex
Data policies are static - once written,they cannot be altered.
Raw Materials
Raw materials are the fundamental ingredients or components that are processed to manufacture goods.
Asset
An item or resource owned by an individual or a business, having economic value and expected to provide future benefits.
Direct Material
Raw materials that are directly incorporated into a finished product and can be easily traced.
Indirect Material
Materials used in the production process that can't be directly traced to a finished product, such as lubricants and cleaning supplies.
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