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The Montreal Protocol:
Units Produced
Units produced quantify the number of complete units manufactured or produced during a specific time frame in a production process.
Budget
An accounting device used to plan and control resources of operational departments and divisions.
Static Budget
A fixed budget that does not change or adjust to variations in business activity levels throughout the budget period.
Flexible Budget
A budget that adjusts or flexes with changes in volume or activity, useful for managerial control and performance evaluation as it reflects real-time operations rather than fixed forecasts.
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