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Laurence is working in private practice and regularly sees clients who come from very different cultural backgrounds than himself.He has developed a technique for gathering as much information as he can about a client's particular cultural influences so that he can be as well-informed as possible when helping these individuals.Laurence is using the ________ model.
Flexible Budget
A flexible budget adjusts based on actual revenue levels or other external factors, allowing for more dynamic and responsive financial planning.
Variable Costs
Costs that change in proportion to the level of activity or volume of production.
Fixed Costs
Expenses that do not change with the level of production or sales activities within a certain range or period.
Operating Income
This refers to the profit realized from a business's operations, calculated by subtracting operating expenses from gross profit.
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