Examlex
Lactose, a sugar in milk, is composed of one glucose molecule joined by a glycosidic linkage to one galactose molecule. How is lactose classified?
Unfavourable
Describes an outcome or condition that is not beneficial or desired, often used in financial contexts to indicate underperformance.
Favourable
A term usually used in finance and accounting to refer to variances or differences that are beneficial to a company's financial health.
Flexible Budget Formula
A budget that adjusts to changes in the volume of activity, helping companies to better manage costs.
Fixed Overhead Costs
Expenses that do not change with the level of output within a certain range of activity, such as rent, salaries, and insurance.
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