Variable: Difference between revisions
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* [[Semi-fixed cost]] | * [[Semi-fixed cost]] | ||
* [[Semi-variable cost]] | * [[Semi-variable cost]] | ||
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* [[Variability]] | |||
* [[Variable cost]] | * [[Variable cost]] | ||
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[[Category:Identify_and_assess_risks]] | [[Category:Identify_and_assess_risks]] | ||
[[Category:Manage_risks]] | [[Category:Manage_risks]] | ||
[[Category:Risk_reporting]] | |||
[[Category:Risk_frameworks]] | [[Category:Risk_frameworks]] | ||
[[Category: | [[Category:The_business_context]] | ||
Latest revision as of 03:53, 5 November 2024
1. Income - expenditure - adjective.
Variable costs and income are amounts that can change within a forecasting or review period.
Contrasted with fixed costs and income.
The term "variable" is a relative one, because - when a long enough time frame is considered - most items become variable.
2. Financial maths - noun.
In financial maths, a variable is a number that can take more than one value.
For example, a rate of inflation.
Contrasted with a constant, that - by definition - does not change.
3. Analysis - modelling - inputs - assumptions.
An relevant amount that - if it were to change - would be expected to change the results of analysis or modelling.
See also
- Argument
- Constant
- Continuous random variable
- Contribution
- Correlation
- Cost behaviour
- Dependent variable
- Direct costs
- Discrete random variable
- Expense
- Exponential constant
- Financial analysis
- Fixed cost
- Flexible budgeting
- Gearing
- Independent variable
- Indirect costs
- Input
- Management accounting
- Model
- Operational gearing
- Semi-fixed cost
- Semi-variable cost
- Volatile
- Volatility
- Variability
- Variable cost
- Variable currency
- Variable net asset value
- Variable rate
