Examlex
Which of the following characterizes a customs union?
Direct Materials
Raw materials that can be directly traced to the manufacturing of a product in terms of quantity and cost.
Direct Labor
Employees who are directly involved in the production of goods or services.
Job Lot
A batch of goods produced based on a specific customer order, differing in quantity or specifications from other batches.
Production Process
The sequence of operations that transforms raw materials or components into finished goods or services.
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