Examlex
Which of the following occurs before the others in the communication process?
Budgets
Financial plans that estimate revenue and expenses over a specified future period of time, often used for planning and controlling financial performance.
Variable Cost Estimates
Projections of costs that vary directly with the level of output or production volume.
Revenue Variances
The difference between actual revenue and budgeted or forecasted revenue, indicating performance against financial goals.
Fixed Cost Estimates
These are projections of costs that do not change in total with changes in business activity level, such as rent or salaries.
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