When the budget being used is a static budget,the difference between actual results and budgeted results is referred to as "budget slack".

Name: When the budget being used is a static budget,the difference between actual results and budgeted results is referred to as "budget slack".
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Budget slack refers to the intentional overestimation of expenses or underestimation of revenues in a budget. The difference between actual results and budgeted results is called a "variance."

When the Budget Being Used Is a Static Budget,the Difference