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Welfare reform was based on the assumption that welfare was too generous, making it easier to stay on welfare than leave for work, and that welfare encouraged unmarried women to have children.
Variable Overhead
Costs that fluctuate with the level of production or activity, such as utilities and raw materials expenditures.
Line-item Budgets
Budgets that list individual sources of income and expenses, providing a detailed financial overview for monitoring and planning.
Flexible Budgeting
An approach in budgeting that allows for adjusting budget allocations based on varying levels of activity or output.
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