Examlex
Non-volatile memory is temporary and loses its contents when the power is turned off.
Flexible Budget
A flexible budget adjusts expenses based on changes in actual revenue or other activity levels, allowing for more accurate financial planning.
Cost Drivers
Factors that cause a change in the cost of an activity, such as machine hours, labor hours, or material size.
Vocational School
An educational institution that provides training and skills for specific trades or careers, focusing on practical job-related skills.
Revenue Variances
The difference between actual revenue and budgeted or forecasted revenue, indicating if a business is performing above, on, or below expectations.
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