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Kayli was going to have a baby and was upset when the nurse attending to her had purple hair, tattoos, and a pierced nose. She didn't seem to fit the type of person Kayli expected in this environment, which means the nurse did not match Kayli's _____ for a nurse.
Flexible Budget
A budget that adjusts or flexes with changes in volume or activity, allowing for more accurate forecasting and analysis.
Static Budget
A fixed budget that remains unchanged over a period, regardless of variations in actual sales volume, production levels, or other operating factors.
Variable Budget
Variable Budget is a budget that adjusts based on changes in the volume of activity, allowing expenses to vary in direct proportion to changes in operational levels.
Favorable Variances
Differences between actual and budgeted or standard costs that result in better-than-expected financial performance.
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