Advanced (a) In the context of budgeting, provide defini tions for four of the following terms: aspiration
Question:
Advanced
(a) In the context of budgeting, provide defini¬ tions for four of the following terms:
aspiration level; budgetary slack; feedback;
zero-base budgeting;
responsibility accounting. (8 marks)
(b) Discuss the motivational implications of the level of efficiency assumed in establishing a budget. (9 marks)
(Total 17 marks) ACCA Level 2 Management Accounting
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