Examlex
I and II are:
Level Of Activity
A measurement of the volume of production or operations within a business, which can affect various costs and efficiency metrics.
Flexible Budget
A budget that adjusts or flexes with changes in volume or activity levels.
Actual Level
The real, observed level of activity, production, or performance in a given period.
Actual Results
The real, measured outcomes of business activities, often compared against budgeted or forecasted figures.
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