Examlex
The design of products, services, and processes component of the supply chain refers to the detailed planning, engineering, and testing of products and processes.
Beginning Cash Balance
The amount of cash a company has at the start of a new financial period, carried over from the end of the previous period.
Flexible Budget
A budget that adjusts or flexes with changes in the volume or activity level, allowing better control and comparison between actual and budgeted performance.
Static Budget
A budget that does not change or adjust to variations in business activity levels throughout the budget period.
Master Budget
A comprehensive financial planning document incorporating all of a company's individual budgets and financial plans, projecting its overall financial activities.
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