Examlex
Which of the five senses is most fully developed at birth?
Budgeting Slack
The practice of underestimating revenue or overestimating expenses while preparing a budget to create a cushion or slack for unexpected situations.
Budgetary Slack
The practice of underestimating revenues or overestimating expenses when preparing a budget to create a buffer for unexpected scenarios.
Uncertainty
The state of having limited knowledge where it is impossible to exactly describe existing state or future outcomes, often affecting decision-making processes.
Budgeted Profit and Loss Statement
A financial statement forecasting the revenue, expenses, and profit for a future period, based on management's estimates.
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