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Suppose we observe an increase in the price of oranges. Which of the following is the most likely cause?
Planning Budget
A financial plan that estimates future revenues, expenses, and resources needed for a specific time period, helping manage resources effectively.
Revenue Variances
The differences between actual revenue generated and the expected (or budgeted) revenue over a specific period.
Spending Variances
Differences between the budgeted or standard cost of production and the actual cost incurred.
Customers Served
The number of clients or customers who have purchased a company's goods or services within a specific time frame.
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