Examlex
The ability to adjust to changed sensory input is called
Spending Variance
The difference between the budgeted or planned amount of expenditure and the actual amount spent.
Static Planning Budget
A budget based on a fixed level of activity and does not change in response to variations in activity levels, offering a baseline for performance evaluation.
Flexible Budget
A budget that adjusts or flexes with changes in the volume or activity level, making it more useful for controlling costs and operational efficiency.
Net Operating Income
The profit generated from a company's operations, excluding non-operating income and expenses like interest and taxes.
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