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How do federalism and the separation of powers limit the power of the national government?
Standard Costs
Predetermined costs for the production of goods or services, used as benchmarks against which actual costs are compared.
Normal Conditions
Usual or expected conditions under which a company operates, reflecting a standard or average level of activity.
Variable Budget
A budget that adjusts in response to changes in activity levels or other factors, as opposed to a fixed budget.
Flexible Budget
A budget that adjusts or flexes with changes in volume or activity, allowing for more accurate forecasting and analysis.
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