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Describe Some of the Risks Associated with the Changing Political

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Describe some of the risks associated with the changing political economy.


Definitions:

Flexible Budget

A budget which is predisposed to adjust when there are changes in the magnitude of operations or activity levels.

Patient-visits

The number of instances patients come to a healthcare facility for services or treatment.

Revenue Formulas

Mathematical equations or models used to predict or calculate the income generated from business activities over a period.

Activity Variances

The differences between budgeted and actual costs in an activity-based costing system, indicating areas of over or underperformance.

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