Budget Slack Is

question 40

Multiple Choice

Budget slack is:

• A) sometimes called padding or cushion.
• B) the result of budget estimates submitted that are slightly higher than what the costs are really expected to be.
• C) an allowance for contingencies built into a budget.
• D)all of the above.

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Definitions:

Organizational Buying

The process by which businesses or organizations make purchasing decisions and buy products and services for operational or resale purposes.

Decision Criteria

Decision criteria are the standards or benchmarks used to guide the decision-making process, helping to evaluate and prioritize different options.

Business Problem

Refers to any issue or challenge within a business that needs to be addressed to improve performance, revenue, or operational efficiency.

Product's Features

The specific characteristics, capabilities, or qualities of a product that are highlighted to differentiate it from competitors.