(2 marks) 7. Budgeting (III): 3 marks (1) Preparing budget targets through a process of discussion and negotiation between senior managers and unit managers is the style of budgeting a. participative b. top down C. bottom up d. cheapest way to prepare a budget (1 marks) Budgetary slack is one common behavioural issue related to budgeting a. Budgeted expenses are overstated and budgeted revenue is understated b. Actual expenses are overstated and actual revenue is understated C. Budgeted expenses are understated and budgeted revenue is overstated d. Budgeted expenses are overstated and actual revenues are overstated (2 marks)