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The three components of empathy are affective sharing, self-awareness, and _____.
Cost Variance
The difference between the actual cost incurred and the standard or budgeted cost, used in budgeting and financial analysis.
Standard Costs
Predetermined costs to manufacture a product, serving as a benchmark for measuring performance.
Actual Costs
The real costs incurred by a business during a specific period, as opposed to budgeted or forecasted costs.
Standard Costs
Predetermined or estimated costs of manufacturing, used for budgeting and assessing performance.
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