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How does the ownership structure of newly privatized firms affect its functioning?
Indirect Labour Costs
Costs related to employees that cannot be directly traced back to a specific product or service, such as supervisory salaries and maintenance labor.
Timesheet
A document or software where employees' working hours are recorded.
Work in Process Inventory
Partially finished goods that are in the process of being produced but are not yet complete.
General Ledger
The master set of accounts that summarize all transactions occurring within an entity, used to prepare financial statements.
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