Examlex
The giving praise model is a five-step process that begins with telling the employee what they did correctly and ends with encouraging repeat performance.
Favorable
A term used in budgeting and accounting to describe a financial result or variance that is better than expected or budgeted.
Flexible Budget
A budget that adjusts or scales according to changes in the volume of activity, revenue, or other factors.
Sales Variance
The difference between actual sales and budgeted or forecasted sales, analyzed to understand revenue performance.
Flexible Budget Sales
Sales projections within a flexible budget that adjust based on actual levels of activity, rather than being fixed.
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