Examlex
Systems that share a common database are called integrated systems.
Flexible Budget
A budget that adjusts or flexes with changes in volume or activity, allowing companies to better forecast costs and revenues.
Personnel Expenses
Costs associated with employing staff, including wages, benefits, and training costs.
Planning Budget
A financial plan that estimates the revenue and expenses for a specific period in the future, often used for setting financial goals.
Administrative Expenses
Overhead costs related to the general operation of a company, such as salaries of executive personnel, office supplies, and utilities.
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