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Describe path analysis and its relationship to SEM.
Labor Incurred
The total cost of workforce employed for a certain period, including wages, benefits, and taxes related to labor.
Direct
Pertaining to costs, expenses, or activities that can be specifically traced to a particular project, department, or product without allocation.
Factory Building
A structure purposed for industrial processes including manufacturing, assembling, processing, or handling products.
Rent Expense
The cost incurred for leasing or renting property or equipment for business use.
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