The concept of the variable budget is important since it transforms the simple budget from a passive tool to one that can respond to changes.
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Q20: Good decision makers include employees when devising
Q21: Budgets are not necessary for smaller companies.
Q22: Although it has not been explicitly mentioned
Q23: Department budgets must be complex to account
Q25: Controls are used to ensure the firm
Q26: Fixed asset ratios show the ability of
Q27: The net profit margin is a ratio
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