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Offering permanent positions to only top-performing applicants is a strategy that can backfire because
Equivalent Units
A concept in cost accounting used to allocate costs evenly in processes where incomplete units complicate direct measurement.
Assembly Department
A specialized department within a manufacturing facility where components are assembled into final products.
Equivalent Units
A measure used in the costing of products in process, which converts partially completed goods into an equivalent number of fully completed units.
Weighted-average
A mathematical calculation that takes into account the varying degrees of importance of the numbers in a data set, assigning more weight to some numbers than others.
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