Examlex
Shaping is the process of teaching a complex behavior by rewarding closer and closer approximations of the desired behavior.
IFRS
Stands for International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) for global use.
Absorption Costing
An accounting method that includes all manufacturing costs (direct materials, direct labor, and both variable and fixed overhead) in the cost of a product.
FIFO
First-In, First-Out, an inventory valuation method where goods purchased first are sold first.
Weighted Average
A calculation that takes into account the varying degrees of importance of the numbers in a data set.
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