Examlex
Discuss the five basic needs in Maslow's hierarchy of needs.Provide a real world example of each need.
Volume
Refers to the amount of an asset or security that changes hands over a set period of time, commonly used in financial markets to gauge trading activity and liquidity.
Material Variances
The difference between the actual cost of materials used in production and the standard cost of materials that should have been used.
Quantity Variance
The difference between the expected and actual quantity of materials or labor used in a production process.
Price Variance
Price variance is the difference between the actual price paid for something and its expected price, affecting the budget for materials or expenses.
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