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Planned Objectives
Specific goals set by an organization or individual that are intended to be achieved within a certain timeframe through planned actions.
Responsibility Centers
Responsibility centers refer to segments within an organization for which individual managers are accountable, focusing on revenue, cost, profit, or investment.
Controllable Cost
A cost over which a manager has control.
Actual Cost
The actual expense incurred to acquire an asset or service, including all costs necessary to bring the asset into use or to complete the service.
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