Examlex
If a researcher selected a sample by selecting every fifth person on an alphabetical list of possible participants, this would be a good example of the technique of representative sampling.
Direct Materials
Raw materials that are directly traceable to the manufacturing of a product and constitute a significant portion of the production cost.
Manufacturing Overhead
All indirect costs associated with the production process, such as utilities, maintenance, and salaries of non-direct labor.
Indirect Materials
Materials used in the production process, but cannot be directly associated with a specific product.
Finished Product
A good that has completed the manufacturing process and is ready for sale to customers.
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