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Which of the following correctly defines the Thomas theorem?
Flexible Budget
A budget designed to respond and adapt to changes in the level of operations or volume.
Plane Operating Costs
Expenses associated with operating an aircraft, including fuel, maintenance, crew salaries, and depreciation.
Spending Variance
The difference between the actual amount spent and the budgeted amount for a particular account or category.
Supply Costs
Expenses incurred in acquiring the goods or services needed to run a business, including raw materials, parts, and utilities.
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