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Is the synthesis of ozone, O3, from oxygen, O2, an example of an exothermic or endothermic reaction?
Responsibility Reporting System
The preparation of reports for each level of responsibility in the company’s organization chart.
Static Budget
A fixed budget that does not change or adapt based on any variations in a company's activity levels or performance.
Flexible Budget
A budget that adjusts or varies with changes in volume, activity, or other relevant factors.
Responsibility Accounting
A system of accounting that involves assigning revenues and costs to the managers responsible for their incurrence, promoting accountability.
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