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What are the consequencies of budgetary slack?
The consequences of budgetary slack is that members of the team will spend more money in order to take up the slack. Management should set the budget with no slack.
What is a problem of budgetary slack?
may create a flexible budget
What are the behavioral Implications of Budgeting?
behavioural implications of budgeting are, budgetary slack and participative budgeting. budgetary slack tends to happen when the manager of division wants their performance looks good, but in the wrong way by padding the budget. therefore, they looks like "beat the budget". participative budget can cause delay andvacillation.
Consequences of budgetary slack?
Budgetary slack is a strategy that actively works to prevent a budget from working as designed. The consequence can be a business or project that fails due to apparently faulty budgeting.
Bases for market segmentation?
Budgetary slack will encourage team members to spend more than they have to in order to meet budget requirements. Management should set the budget at an exact number, or reduce it to save money.
What Budgetary Slack is also known as?
It provides flexibility for operating under unknown circumstances, such as an extra margin for discretionary expenses in case budget assumptions on inflation are incorrect.
What steps can be taken to prevent budgetary slack?
budget slack can be prevented by good alignment between budgeting process and the organization's strategy which achieved by communication and coordination between top management and line managers or strategic business units to ensure that all line managers have the same perspective about achieving the organizational goals.good implementation of budgetary control also plays a role in preventing budgetary slack.
What do you mean by organizational slack?
organisational slack
What is the birth name of Garland Slack?
Garland Slack's birth name is Garland Glenwill Slack.
What is the birth name of Ben Slack?
Ben Slack's birth name is Benjamin Hess Slack III.
How tall is Peter Slack?
Peter Slack is 6'.
Distingui sh between total slack and free slack?
Free slack: The free slack of an activity is the time this activity can be delayed without impact on the following activity. Total slack: The total slack of an activity is the time this activity can be delayed without impact on the finish date of the project.
