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Explain Current budgets
Current budgets: the period of current begets is generally of months and weeks. These budget relate to the current activities of the business. According to I.CW.A London, current budget is a budget is a budget which is established for use over a short period of time and is related to current conditions.
Correlation coefficient (r) Correlation coefficient measures the degree of association between two variables such as the cost and the activity level. r = nΣxy - Σx Σy
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