Examlex
Insufficient timing advance or retarded timing at higher engine speeds could cause hesitation and poor fuel economy.
Management by Exception
A management strategy where managers only intervene in decision making when performance deviates significantly from standards, allowing more focus on important issues.
Controllable
Refers to costs or elements within a business that can be directly managed, influenced, or altered by decisions of management.
Noncontrollable
Refers to expenses or influences that cannot be altered or changed by the management due to external constraints or fixed contract terms.
Flexible Budget
A budget that adjusts or varies with changes in the volume or activity level of a company.
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