Examlex
Managers on a fixed salary often fall victim to the following temptations:
i.reduced effort; II) needless spending on perks or private benefits; III) empire building; IV) entrenching investments; V) avoiding risks
Planning Budget
A financial plan that outlines projected income and expenses over a future period, used to guide a business's strategic planning.
Revenue Variance
This is the difference between actual revenue earned and the expected or budgeted revenue.
Wells Serviced
The number of wells maintenance, repair, or service operations have been performed on, typically in the oil and gas industry.
Fixed Costs
Fixed costs are business expenses that remain constant regardless of changes in production level or sales volume, such as rent, salaries, or insurance.
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