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Some people argue that there is a trade-off between having a strong state or a strong democracy; that is, as the power of the state grows, it is harder for average people to influence decision making. On the other hand, as people gain more power, it becomes harder for elites to reach and implement effective public policy. Do you agree? Why or why not? Be specific and use examples to illustrate your arguments.
Budget Variance
The difference between the budgeted or projected financial performance and the actual performance.
Fixed Overhead
Costs that do not vary with the level of production or sales, including expenses such as rent, salaries, and insurance.
Control Variance
The difference between expected performance standards and actual performance, used for budget and performance evaluation.
Productive Capacity
Refers to the maximum output or productive ability of resources, facilities, or organizations, emphasizing efficiency and optimization.
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