Question 3 (2 points) Saved After a slow last quarter, the CEO of SkyWalker Innovations has asked individual departments to participate in preparing their own budgets expenses for the next month. The CEO has asked that the budgets they develop are from scratch and not based on previous budgets. The CEO has asked to create the budget with full cooperation as well as participation from all levels of management. In addition, attempts to intentionally set expense budgets higher than expected expense levels in an effort to appear better at budgeting and a better manager will be penalized. Which of the following budget definitions are NOT included in the above scenario? i. Zero-based budgeting ii. Budget committee iii. Participative budget iv. Budgetary Slack budget v. Flexible budget i & ii O ii & v Ov&i Ov&iv iv &