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:

Autonomy Support

Autonomy support refers to a management style where employees are encouraged to take initiative and make decisions within their roles, fostering a sense of ownership and motivation.

Personal Initiative

The proactive and self-starting approach to work that involves taking action beyond what is required or expected.

Autonomy Support

Practices and attitudes that foster a sense of voluntary control over one’s actions, encouraging self-initiation and personal endorsement of one’s behavior.

Basic Psychological Needs

Fundamental requirements for psychological well-being, often including autonomy, competence, and relatedness.