Asked by
Paige De’Avion
on Dec 17, 2024
Verified
Budgetary slack can be avoided if lower and mid-level managers are required to support all of their spending requirements with specific operational plans.
Budgetary Slack
Excess resources set within a budget to provide for uncertain events.
Operational Plans
Detailed plans that outline how a strategy will be implemented in terms of day-to-day operations.
- Acquire knowledge about the role of budgeting in guiding and controlling organizational operations.
Verified Answer
PE
Learning Objectives
- Acquire knowledge about the role of budgeting in guiding and controlling organizational operations.
Related questions
When Budget Goals Are Set Too Tight, the Budget Becomes ...
Goal Conflict Can Be Avoided If Budget Goals Are Carefully ...
Budgeting Can Be Used in an Organisation To ...
A Benefit from Budgeting Is That It Forces Managers to ...
Control Involves Developing Goals and Preparing Various Budgets to Achieve ...