Accounting · Budgeting

Which of the following refers to 'budget slack'?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1The time between the preparation of the functional budgets and the master budget
2The difference between the budgeted output and the actual output achieved
3The additional capacity which can be made available for the budgete d output
4The deliberate over-estimation of costs in a budget✓

Correct answer

The deliberate over-estimation of costs in a budget

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