Budgetary slack is created when: a. The differences between actual and budgeted amounts are the result of unintentional errors. b. The differences between actual and budgeted amounts are due to unforeseen circumstances. c. The differences between actual and budgeted amounts are the direct result of deliberately- introduced bias. d. All of the above.
Budgetary slack is created when: a. The differences between actual and budgeted amounts are the result of unintentional errors. b. The differences between actual and budgeted amounts are due to unforeseen circumstances. c. The differences between actual and budgeted amounts are the direct result of deliberately- introduced bias. d. All of the above.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Budgetary slack is created when:
a. The differences between actual and budgeted amounts are the result of unintentional errors.
b. The differences between actual and budgeted amounts are due to unforeseen circumstances.
c. The differences between actual and budgeted amounts are the direct result of deliberately-
introduced bias.
d. All of the above.
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