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What would prompt a nation to invest in a sovereign wealth fund (SWF) ?
Standard Costs
Pre-determined costs used as a benchmark for evaluating actual production costs within a business.
Raw Material
Basic, unprocessed materials used in the manufacturing process to produce finished goods.
Work in Process
An inventory account that tracks the cost of products that are in production but not yet completed.
Direct Labor
The wages and benefits for employees directly involved in manufacturing a product.
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