Examlex
Explain how the use of direct labor hours as a cost driver can distort costs of products in a highly automated manufacturing environment.
Perfection
A legal process that establishes a secured party's interest in the collateral, giving priority over other third-party claims.
Exoneration
The act of being cleared or absolved from blame, responsibility, obligation, or, specifically in legal terms, criminal charges.
Surety
is a guarantee, usually in the form of a bond, where one party guarantees the debts or obligations of another party to a third party.
Surety
A financial guarantee by one party (the surety) to assume responsibility for the debt obligation of a borrower if that borrower defaults.
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