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In most U.S.universities throughout most of the twentieth century,the study of psychology emphasized the study of
Controllable Items
Items or costs in business that can be directly managed or influenced by decisions made by the company or its managers.
Flexible Budget
A budget that adjusts or flexes with changes in volume or activity levels of a company.
Master Budget
A comprehensive financial planning document that includes all of an organization's budgets and financial plans.
Total Budgeted Fixed Costs
The sum of all costs that do not change with the level of production or sales over a certain period.
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