Examlex
Why is it possible that a raw material such as glue might be considered as an indirect material for one furniture manufacturer and as a direct material for another furniture manufacture?
Human Error
Mistakes made by people, often attributed to factors such as misjudgment, confusion, or oversight.
Human Fraud
Intentional trickery by members of an organization aimed at obtaining an unethical or illegal advantage.
Cost-Benefit Principle
An economic principle that compares the cost of an action to its benefits. The action is considered favorable if the benefits outweigh the costs.
Collusion
An agreement, usually secretive, between two or more parties to limit open competition by deceiving or defrauding others of their legal rights, or to obtain an objective forbidden by law, typically involving fraud or gaining an unfair market advantage.
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