• Draft a briefing note to the chairperson Caroline, which: a) Discusses the advantages and disadvantages of the different approaches to budgeting that could be used by TT (10 marks) b) Identifies and explains the problems that can be caused by organisational slack (budgetary slack). (5 marks) c) Identifies and briefly discusses some of the main sources of debt finance that TT could select to fund the new online retail sales project. (5 marks) (Total: 20 marks) [LOs: 1, 2, 5]