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If the nominal interest rates rises, then the inflation rate must have increased.
Administrative Expenses
Costs related to the general operation of a business, not directly tied to a specific function like production or sales.
Planning Budget
A forward-looking budget that sets forth revenue and expense targets for a future period, often used for strategic financial planning.
Spending Variance
The difference between the actual amount of money spent and the budgeted amount expected to be spent.
Food And Supplies
Items necessary for the operation of a service, especially in the hospitality and retail industries, including edible products and necessary equipment.
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