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Define backup and recovery and explain the importance of the disaster recovery cost curve to an organization.
Flexible Budget
A budget that adjusts or varies with changes in volume or activity levels, used for planning and control.
Spending Variance
The difference between the actual amount of money spent and the budgeted amount for a specific period.
Revenue and Spending Variances
involves analyzing the differences between budgeted and actual figures for revenue and expenditures, helping businesses understand financial performance.
Planning Budget
A budget created for a specific level of activity, used as a tool for decision making and planning within an organization.
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