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Many ERP systems incorporate Eco-Tech ET) principles, which involve minimizing all forms of waste.
Cost-plus Price
An approach where the selling price of a product is fixed by appending a set markup to the product’s per-unit cost.
Appraisal Costs
Costs associated with the inspection and testing of materials and products to ensure quality standards are met.
Defects
Imperfections or faults in a product that cause it to be unsuitable for its intended use or significantly reduce its usability.
Throughput Accounting
An accounting method that focuses on the rate at which a company generates money through sales, rather than on traditional production costs.
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Q40: Each of the following describes ERP systems
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