General Studies · Budgeting
Which of the following refers to 'budget slack'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The deliberate over-estimation of costs in a budget✓
- 2The additional capacity which can be made available for the budgeted output
- 3The difference between the budgeted output and the actual output achieved
- 4The time between the preparation of the functional budgets and the master budget
Correct answer
The deliberate over-estimation of costs in a budget
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