Examlex
Zero based budgeted can encourage managers to cut costs and focus on desired outcomes.
Covariances
Indicators of how two or more variables are related and move together.
Capital Allocation Line
A graph line that shows the risk-return trade-off for efficient portfolios, indicating the rate of return for each unit of risk.
Risk-free Security
A financial instrument considered to have minimal risk of default, often equated with the debt of a solvent government or government-backed entity.
Global Minimum-variance Portfolio
A portfolio constructed to achieve the lowest possible risk (variance), holding investments worldwide to diversify exposure.
Q15: Budgets are generally developed for the organisation
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Q46: If actual costs are less than budgeted
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