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Maslow's model allows for greater flexibility than Alderfer's because it recognizes that people have different needs and they do not move up in a rigid hierarchy.
Flexible Budget
A budget that modifies based on fluctuations in activity levels or volume.
Output
The quantity of goods or services produced in a given time period by a company, individual, or machine.
Budgeting
The process of creating a plan to spend your money, outlining anticipated income and expenses for a future period.
January
The first month of the year in the Gregorian calendar, often associated with new beginnings and resolutions.
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