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Studies of conformity indicate that people are more apt to be influenced by others if they
Flexible Budget
A budget that adjusts or varies with changes in volume or activity levels, used for planning and control.
Spending Variance
The difference between the actual amount of money spent and the budgeted amount for a specific period.
Revenue and Spending Variances
involves analyzing the differences between budgeted and actual figures for revenue and expenditures, helping businesses understand financial performance.
Planning Budget
A budget created for a specific level of activity, used as a tool for decision making and planning within an organization.
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