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Direct labor must be tracked and accounted for as part of the production process.Traditionally,direct labor was tracked using ________ but an AIS enhancement is to use ________ to record and track direct labor costs.
Raise Savings
Encouraging or implementing strategies to increase the amount of money that individuals or entities set aside for future use rather than spending immediately.
NIC
Newly Industrialized Country, referring to nations experiencing rapid economic growth and industrialization.
LDC
Stands for Least Developed Country, a term used to describe countries with severe structural impediments to sustainable development and low per capita income levels.
Industrial Country
Refers to a nation with a developed economy characterized by significant industrial activity, advanced technological infrastructure, and a high standard of living.
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