For Each of the Following Items Identify Whether It Is

question 124

Essay

For each of the following items identify whether it is spoilage,reworked units,or scrap.
___a. Defective shirts sold as seconds
___b. End cuts from suit-making operations
___c. Edges from plastic moldings
___d. Carpets sold as seconds
___e. Precision tools that are not built successfully to the necessary tolerance, but which can be successfully converted to a saleable prod uct
___f. Rockextracted as a result of mining processing
___g. Complex defective products such as semiconductors

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Definitions:

Exclusion

The act of preventing someone's participation or denying access to a group, area, or benefit.

Life Insurance Contract

An agreement in which an insurer promises to pay a designated beneficiary a sum of money upon the insured person's death, in exchange for premiums paid by the policyholder.

Insurer's Risks

The potential for financial loss that an insurance company agrees to cover under the terms of an insurance policy.

Insurance Broker

A professional intermediary who acts on behalf of clients to find and arrange appropriate insurance coverage from insurers.