Examlex
Instructions: Explain/Define the following terms.
Manchu
Client-visits
The number of times clients visit a business or service center, often used as a metric in customer service and sales industries.
Activity Variance
The difference between the budgeted amount of activity (like hours or units) and the actual amount achieved.
Budgeting
The process of creating a plan to spend your money, allowing for the allocation of funds to various areas.
Actual Results
The real financial outcomes achieved by a business over a period, which can be compared against budgeted or forecasted figures for analysis.
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