Economics · Management Accounting
Which of the following best describes 'Budgetary Slack'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The alignment of corporate objectives with the personal objectives of individual managers.
- 2The deliberate over-estimation of expenditure or under-estimation of revenues during the budget planning process.✓
- 3A budget that is updated regularly by adding a further period to the end of the current budget.
- 4The difference between what has been set as a budgetary objective and what has actually been achieved for the period.
Correct answer
The deliberate over-estimation of expenditure or under-estimation of revenues during the budget planning process.
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