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Describe matrix and project structures.
Balance Sheet
A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time.
Finished Goods Inventory
Items in a manufacturer's inventory that are completed and ready for sale.
Direct Materials
These are raw materials that are directly used in the production of a product and are easily traceable to the product itself.
Materials Inventory
The total cost of all the materials that are currently stored by a company and that will be used in production.
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