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Dr. Zemple wants to see if a manual dexterity test predicts performance. He administers his test to his employees and correlates their scores to their most recent performance review scores. Dr. Zemple is examining:
Raw Materials
Basic materials used in the production process to manufacture finished goods.
Raw Materials Inventory
The total cost of all the materials that are held by a company and that will be used in production.
Raw Materials Purchases
refer to the acquisition of the basic inputs required to manufacture products; these materials have yet to be processed or used in production.
Raw Materials Available
Raw materials available refer to all the materials that are in stock and ready to be used in the production process at a given time.
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