Examlex
_____ is the hiring or promoting of applicants based on criteria that are not job relevant.
Fixed Cost
A cost that remains constant, in total, regardless of changes in the level of activity within the relevant range. If a fixed cost is expressed on a per unit basis, it varies inversely with the level of activity.
Planning Budget
A financial plan for a future period, outlining an organization's revenue and expenditures.
Flexible Budget
A budget that adjusts or flexes with changes in volume or activity levels.
Revenue Variances
The difference between actual revenue and budgeted or expected revenue, analyzed to understand and manage financial performance.
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