Examlex
Which of the following is a fundamental category of BI analysis?
Activity Variance
The difference between the budgeted amount of activity (like hours or units) and the actual amount achieved.
Budgeting
The process of creating a plan to spend your money, allowing for the allocation of funds to various areas.
Actual Results
The real financial outcomes achieved by a business over a period, which can be compared against budgeted or forecasted figures for analysis.
Personnel Expenses
Personnel expenses are costs associated with employing staff, including wages, benefits, and taxes.
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