Budgetary slack means:

a. Management delays the completion of its annual budget to await important information. b. The budgetary process is not given a high priority in the company. c. The budget must be approved by too many senior levels of management before it is finalized. d. The budget contains within it intentional under or over estimated items.

1. Which statement applies to ideal standards?

   a.Can be achieved only if everything operates perfectly.

   b.Demand minimum efficiency.

   c.Can be achieved under efficient operations.

   d.Allow for machine breakdowns, slack, or lack of momentary skill.