Examlex
What do we call the concept that divides emergency response into Command,Operations,Planning,Logistics,and Finance and Administration functions?
Budgeting
The process of creating financial plans for a set period, including estimating revenues, expenses, and capital needs.
Activity Variance
The difference between the budgeted costs based on expected activity levels and the actual costs incurred, usually used in flexible budgeting.
Net Operating Income
The income from a company's operations after deducting operating expenses, excluding revenue and expenses from non-operational activities.
Budgeting
The process of creating a plan to spend your money, outlining expected revenues and expenses.
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