GDP measures the monetary value of final goods and servicesâthat is, those that are bought by the final userâproduced in a country in a given period of time (say a quarter or a year). It counts all of the output generated within the borders of a country.
Process Audit :-Auditor will concentrate on process at each stage & itss relevant parameters process parameters like temperature, pressure, speed etc.Along with this he audits operator competency level , environment condition under which he operates the machine,5S,safety etc...
Work in process is a type of inventory that is in the process of production. This means that work-in-process inventory is in the middle of production stage and it is partly complete. Work-in-process account is used by manufacturing companies.ork in process is a type of inventory that is in the process of production. This means that work-in-process inventory is in the middle of production stage and it is partly complete. Work-in-process account is used by manufacturing companies.