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In the operation of a laser
Budgeting
The process of preparing detailed financial plans, forecasting revenues and expenditures, and setting financial goals.
Net Operating Income
This metric measures the profitability of a business from its primary operations, excluding expenses from financing and taxes.
Budgeting
The process of creating a plan to allocate resources, forecast revenues, and predict expenses over a future period.
Activity Variance
A measure of the difference between planned or budgeted activity levels and actual activity levels.
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