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If activity-based costing is used, materials handling would be classified as a
Next of Kin
The closest living relative or relatives to someone, particularly important in legal contexts such as inheritance or emergency decisions.
Intestate
Having died without leaving a valid will. Compare testate.
Uniform Simultaneous Death Act
A legal guideline used to determine the distribution of property when two or more individuals die at the same time with no clear evidence of who died first.
Insurance Proceeds
The money that an insurance company pays out to a policyholder in the event of a covered loss or claim.
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