Examlex
Customers and owners are important resource input stakeholders in an organization's value creation, whereas suppliers and communities are important product output stakeholders in an organization's value creation.
Manufacturing Costs
The total expenses related to producing goods, including raw materials, labor, and overhead expenses.
Expense
Outflows of economic resources or the incurring of liabilities (or a combination of both) during a period due to the production of goods, rendering of services, or other activities that constitute the entity’s ongoing major operations.
Asset
An asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide future benefit.
Liability
An obligation or debt that an entity owes to another party, which is expected to be settled through the transfer of assets or services.
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