The difference between the revenue or cost projection that a person provides and a realistic estimate of the revenue or cost is called
A) passing the buck.
B) budgetary slack.
C) participative budgeting.
D) resource allocation processing.

Question

Quizplus · Accepted Answer

Budgetary slack refers to the intentional overestimation of costs or underestimation of revenues by a person in their projections. This creates a cushion in the budget and allows for easier achievement of targets. However, it can also lead to inefficiencies and a lack of motivation to improve performance.

The Difference Between the Revenue or Cost Projection That a Person