Accounting · Budgeting
Which of the following best describes the term 'budgetary slack'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The difference between an ambitious budget and an achievable one.
- 2The deliberate underestimation of revenues and/or overestimation of costs in a budget.✓
- 3The time lag between budget preparation and the start of the budget period.
- 4The variance between budgeted and actual costs.
Correct answer
The deliberate underestimation of revenues and/or overestimation of costs in a budget.
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