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Sally likes Jon and readily agrees whenever he asks her out. She likes Sim less than she likes Jon and accepts a date with him occasionally. When she falls in love with Edgar, she informs both Jon and Sim that she will no longer go out with them. Jon quickly stops asking her out, but Sim persists for several months. Sim's behavior illustrates _____.
Flexible Budget
A pliable budget framework that modifies itself following changes in operational intensity or volume.
Units
In business or manufacturing, units refer to the individual pieces or quantities produced or sold.
Net Operating Income
A measure of a company's profitability from its core business operations, excluding deductions for interest and taxes.
Planning Budget
A financial plan that estimates the revenue and expenses for a future period, typically created to guide a business in achieving its financial goals and objectives.
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