Examlex
The only difference between the static budget and flexible budget is that the static budget is prepared using actual prices charged and costs per units incurred.
Ticket Scalping
The practice of reselling tickets for admission to events at a price higher than the original price set by the event organizer.
Ceiling Price
A government-imposed maximum price on goods or services, intended to prevent prices from rising above a certain level.
Product Shortage
A situation where the demand for a product exceeds its supply in the market.
Legal Ceiling Price
A maximum price set by government regulation that sellers are allowed to charge for a good or service, intended to protect consumers from excessive pricing.
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