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Business Organizations
Entities formed to conduct commercial activities, ranging from sole proprietorships to corporations with various operational and legal structures.
Direct Materials
Raw materials that are directly traceable to the manufacturing of a product and represent the primary components of a finished product.
Finished Goods
Refers to products that have completed the manufacturing process but have not yet been sold or distributed to end customers.
Cost
The value of money that has been used up to produce something or deliver a service, and hence is not available for use anymore.
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