3. What are the main causes of budgetary slack and does this make budgets less effective? Submission requirements details: Word count: Each group is to produce a report equivalent to 750 words per student. (A group of three students will produce a report of 3 x 750 words, a group of four students will produce a report of 4 x 750 words.) No more than 4250 words will be marked. Research, referencing and presentation: Students should note that all budgetary proposals should be supported by sound reasoning supported by academic literature and relevant theories on the topic. The role of research is to ensure that management suggestions are based on proven principles rather than idealised but unproven reasoning. The report should be fully referenced using the Harvard Anglia style