Examlex
Identification
-Salah ed-Din
Investment Center
A segment or division within a company for which direct responsibility is given to a manager, who is judged by the profitability and the return on investment of the division.
Flexible Budgets
Flexible budgets are financial plans that can vary depending on actual levels of output, activity, or revenue, allowing businesses to adjust their spending and resources more dynamically.
Fixed Budgets
Financial plans that do not change over the budget period, regardless of changes in business activity.
Cost Variance
The difference between the budgeted or planned costs and the actual costs incurred.
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