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Machine Corporation requires its employees to have a high school diploma, claiming a definite connection between a high school edu?ca?tion and job performance. In a suit against Machine Corporation under Title VII, this requirement is shown to have a discriminatory effect. The employer has
Profit
The financial gain achieved when revenues generated from business activities exceed the expenses, costs, and taxes associated with sustaining the business.
Work in Process
Goods that are in the production process but are not yet completed, reflecting a stage between raw materials and finished goods.
Materials
The raw inputs or components used in the manufacturing process to produce goods or products.
Cost of Goods Sold
The expenses directly related to creating a company's sold goods, covering both material costs and wages.
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