Examlex
What are the four types of quality costs?
Lbs
An abbreviation for pounds, a unit of weight commonly used in the United States and the British imperial system; not directly a financial term unless related to commodities trading.
Coffee Futures
Financial contracts obligating the buyer to purchase coffee, and the seller to sell coffee, at a predetermined future date and price.
Pounds
A unit of mass commonly used in the British imperial and United States customary systems, equivalent to 0.453592 kilograms.
Marking to Market
The practice of updating the value of a financial instrument to reflect its current market value.
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