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Knowledge Check 03 In participative budgeting, employees may try to build budgetary slack by: Understating costs O Overstating profits Overstating assets Understating revenues Knowledge
Knowledge Check 03 In participative budgeting, employees may try to build budgetary slack by: Understating costs O Overstating profits Overstating assets Understating revenues Knowledge Check 04 Which of the following approaches to budgeting starts from scratch without considering the last period's results? Zero-based budgeting Bottom-up budgeting Continuous budgeting Top-down budgeting
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