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As a strategic issue, budget slack could represent a: Multiple Choice Problem only in a decentralized management environment. Significant increase in the relative risk aversion
As a strategic issue, "budget slack" could represent a:
Multiple Choice
Problem only in a decentralized management environment.
Significant increase in the relative risk aversion of managers.
Lower overall level of expected performance than is achievable.
Selfcorrecting problem over several operating periods.
Very minor issue in most firms.
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