Instructions: Identify the Following

question 93

Short Answer

Instructions: Identify the following. Be as specific as possible, and include names, dates, and relevant facts as appropriate. Be sure to explain the significance of the person or term.
Stagflation

---

Definitions:

Supplies

Items used in the operation of a business, not directly tied to the product being sold but necessary for its production or administration.

Flexible Budget

A budget that adjusts or varies with changes in the volume of activity, revenue, or other factors influencing budgetary needs.

Refurbishment

The process of cleaning, decorating, and re-equipping to make something look new or to bring it back to excellent condition.

Budgeting

The process of creating a plan to spend your resources, outlining an organization's financial and operational goals.