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Once fertilization has occurred, the activities of development begin. The first such activity is_________ .
Revenue
Income generated from normal business operations or other sources, serving as a company's primary source of income.
Spending Variance
The difference between the actual amount spent and the budgeted amount for a particular accounting period.
Net Operating Income
The revenue earned from normal business operations after deducting operating expenses but before interest and taxes.
Activity Variance
The difference between the planned activity level of cost-driving activities and the actual level incurred, impacting the budget or costing analysis.
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