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In a research study by Kleiner and colleagues (2014) ,use of crew resource management (CRM) principles was a practical and effective means to:
FIFO
An inventory valuation method that assumes the first items purchased are the first ones sold, standing for "First In, First Out."
Gross Profit
The difference between sales revenue and the cost of goods sold before accounting for other operating expenses.
Physical Inventory
The process of counting and verifying the actual inventory on hand at a business location.
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