Examlex
The use of participatory planning can produce all the following benefits except
Flexible Budget Amounts
Budgeted figures that can adjust based on changes in activity levels or other factors, unlike a static budget.
Variable Costs
Expenses that change in proportion to the volume of production or sales, including components like raw materials and direct labor costs.
Fixed Costs
Expenses that do not change with the level of goods or services produced within a certain time span.
Operating Income
The profit realized from a business's core operations, excluding deductions of interest and taxes.
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