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Net Operating Income
The profit a company generates from its normal business operations, excluding expenses and taxes.
Activity Variance
The difference between the budgeted amount for an activity and the actual amount spent.
Budgeting
The process of creating a plan to spend your money, outlining how much revenue a company anticipates receiving and how much it expects to spend over a specific period.
Actual Results
The real, achieved outcomes of activities, such as financial performance, compared against planned or projected outcomes.
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