Examlex
A strategy map provides a visual representation of a firm's critical objectives but fails to cover the cause-and-effect relationships among them.
Actual Costs
Expenses that have been incurred, as opposed to estimated or standard costs.
Actual Level
Refers to the current, real-life status or quantity of a specific variable or condition, as opposed to projected or theoretical levels.
Controlled Costs
Expenses that a company can manage or influence directly.
Static Planning Budget
A budget based on a fixed set of assumptions and output levels, without adjustments for actual activity or performance.
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