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When there are large federal budget deficits,the trade deficit tends to shrink.
Materials Price Variance
The difference between the actual cost of materials used in production and the standard cost of those materials.
Attainable Standard
A performance measure based on achievable levels of efficiency and effectiveness under current conditions.
Perfection Standard
An idealistic benchmark for performance or quality that may be impossible to achieve but serves as a high goal.
Operating Standard
A benchmark or set of guidelines used to ensure products or services meet a certain level of quality or efficiency in their production or delivery.
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