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What mechanism is responsible for the process of extinction?
Unfavourable Variance
A financial term referring to a situation where actual costs are higher than planned or budgeted costs, or actual revenue is lower than forecasted revenue.
Standard Costing
A cost accounting technique that uses predetermined costs for assessing the performance of processes and employees by comparing these standard costs against the actual costs incurred.
Seasonal Pattern
The fluctuation in data or activities that occur regularly each year in a predictable manner.
Stable Product Costs
Costs that remain consistent over time without significant fluctuations, making budgeting and pricing strategies more predictable.
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