Examlex
The flexible budget variance is influenced most heavily by forces external to the operating process.
Operating Efficiently
The practice of minimizing waste and maximizing resources to achieve optimal productivity and profitability in a business's operations.
Precautionary Motive
A theory explaining the demand for liquidity by individuals and firms as a safeguard against future cash needs and uncertainties.
Safety Margin
The difference between the actual value of a company's sales and the break-even sales, serving as a buffer for unexpected declines in revenue.
Financial Reserve
A portion of funds set aside by a business or organization to cover future obligations or unexpected expenses.
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