Define Pretexting, Phishing, Spoofing, and Sniffing

question 59

Essay

Define pretexting, phishing, spoofing, and sniffing.

Calculate and interpret net operating income based on flexible and planning budgets.

Distinguish between different types of variances (e.g., spending, activity, and overall revenue and spending variances).

Identify the factors that contribute to favorable (F) and unfavorable (U) variances.

Apply budgeting concepts to both manufacturing and service industry contexts.

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Definitions:

Inventory

The goods or materials that a business holds for the ultimate goal of resale, production, or utilization in operations.

Flexible Work Hours

An employment arrangement that allows employees to choose their work hours within certain limits, promoting work-life balance.

Seasonal Workforce

Seasonal workforce refers to employees hired on a temporary basis to accommodate the fluctuating demand for products or services at certain times of the year.

Off Season

Off Season denotes a time period during which demand for a product or service is lower than usual, often leading to decreased prices and promotions.