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To predict a dependent variable from knowledge of an independent variable, which of the following would be most useful?
Actual Revenue
The real income that a company generates from its business activities, reported during a specific period.
Static Planning Budget
A budget designed for a single level of activity and does not change even if the level of activity changes.
Fixed Costs
Expenses that remain constant for a company irrespective of the level of production or sales.
Flexible Budget
A budget that adjusts or flexes with changes in volume or activity levels, providing a more relevant comparison of actual to budgeted performance.
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