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A ______ is an entity that uses coercion and the threat of force to rule in a given territory and a ______ is the set of people who run the state or have the authority to act on behalf of a state.
Spending Variance
A measure indicating the disparity between what was anticipated to be spent and what was actually expended in financial terms.
Employee Salaries
The monetary compensation paid to employees for their labor, typically on a monthly or yearly basis.
Net Operating Income
The total profit of a company after operating expenses are subtracted from gross profit, but before income taxes and interest are deducted.
Flexible Budget
A budget that adjusts or flexes with changes in the volume or activity levels, allowing for more accurate budgeting in variable cost areas.
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