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In his new version of intelligence testing David Wechsler included new items that required nonverbal reasoning and discarded the intelligence quotient in favor of a new scoring system based on the normal distribution.
Activity Variance
The difference between how much an activity was expected to cost and how much it actually cost.
Administrative Expenses
Expenses that cannot be directly linked to the production or selling process and include costs related to the overall management and administration.
Client-Visits
The occurrence of a service provider traveling to a client's location to conduct business or perform a service.
Flexible Budget
A budget that adjusts or flexes with changes in volume or activity, allowing better performance evaluation.
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