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In the United States and Japan,the gesture of making a circle with the thumb and the forefinger is associated with __________ and _________.
Worst-Case Scenario
The most adverse or unfavorable outcome that may happen in a given situation.
Flexible Budget Performance Report
A report comparing actual costs and revenues with budgeted figures adjusted for actual levels of activity, to evaluate performance.
Budgeted Performance
Anticipated financial and operational results over a specific period, based on budgets, used as a benchmark for comparison with the actual performance.
Variable Costs
Costs that vary directly with the level of production or sales volume, such as raw materials and direct labor costs.
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