What Is "Budgetary Slack

question 114

Multiple Choice

What is "budgetary slack"?

• A)It is the tolerance that is built into budgets to recognize that actual results will not match budgeted projections exactly.
• B)It is the process where managers intentionally underestimate budgeted revenues or overestimate budgeted expenses in order to make it easier to achieve budgetary goals.
• C)It is the amount that actual results vary from budgeted projections as reported at the end of the budget period.
• D)It is the process where upper management underestimates budgeted revenues or overestimates budgeted expenses in order to motivate lower management.

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Definitions:

Crossing Over

The process of exchange of genetic material between homologous chromosomes during meiosis, leading to new combinations of genes.

Independent Assortment

The principle explaining how different genes independently separate from one another when reproductive cells develop.

Homologous Chromosomes

Pairs of chromosomes in a diploid organism that are similar in shape, size, and gene content, one inherited from each parent.

Alleles

Forms of a gene with slightly different DNA sequences; may encode different versions of the gene’s product.