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The _______ effect is that humans perceive horizontals and verticals more easily than other orientations.
Standard Costs
Predetermined costs for products or services, used as benchmarks to measure actual production costs.
Cash Account
An account that reflects the amount of cash a company has on hand, which includes currencies, checks, and balances in bank accounts.
Raw Material
Basic substances in their natural, modified, or semi-processed state used to produce goods and services.
Standard Costs
Predetermined costs for materials, labor, and overhead used as a benchmark for measuring performance.
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