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For which of the following industries would it NOT be appropriate to use process costing?
Pay Equity
The principle of ensuring that employees are compensated equally for work of equal or comparable value, aimed at preventing discrimination based on gender, ethnicity, or other irrelevant factors.
Minimum Age
The lowest legal age at which an individual is permitted to engage in a specific activity or employment.
Lag Strategies
Compensation approaches where organizations pay below market rates due to financial constraints but aim to offer other benefits to attract and retain employees.
Labour-Intensive Firms
Companies that require a higher portion of labor input in their operations as compared to capital input, often leading to higher employment levels.
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