Final answer:
Client controllable income is the income that a company can directly control through its actions and decisions regarding sales, pricing, and cost management. Contract controllable income refers to the income that a company can influence to some extent through its contractual agreements and negotiations with clients.
Step-by-step explanation:
Client controllable income is the income that a company can directly control through its actions and decisions regarding sales, pricing, and cost management. It is typically influenced by factors such as customer demand, marketing strategies, and operational efficiency. On the other hand, contract controllable income refers to the income that a company can influence to some extent through its contractual agreements and negotiations with clients. It is often determined by factors like contract terms, pricing agreements, and service level commitments.