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Using Map 11.3, explain the absorption of Chinese culture and customs by Korea and Japan. How does geography explain both their imitation of China and their independent development?
Cost Driver
A factor that causes the cost of an activity or process to change, used in activity-based costing to allocate costs more accurately.
Variances
The difference between planned or expected financial outcomes and the actual results, often analyzed in budgeting and cost management.
Performance Reports
Documents that compare actual work performance against planned or expected outcomes.
Variable Cost
A cost that varies, in total, in direct proportion to changes in the level of activity. A variable cost is constant per unit.
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