Examlex
To improve productivity,managers must focus on people instead of operations variables.
Responsibility Accounting
A system of accounting that segments performance by areas of responsibility within the organization, allowing for better monitoring and accountability.
Activity Index
A measure used to allocate overhead costs, based on activities that drive costs such as machine hours or labor hours.
Flexible Budget
A budget that adjusts or flexes with changes in volume or activity, allowing for more accurate budgeting.
Activity Index
A measure or indicator used to assess the level or intensity of activity within a certain area or field.
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