Question 7 (a) When budgets are developed within a large organisation using a participatory (bottom-up) approach, the existence of budget slack is very common. Explain, with examples, the term "budice slack" (6 marks) (b) Target costing is a strategic cost management tool which can create value to contemporary organisations. Define, describe and illustrate how the target costing approach is used (6 marks) Il Proctorio is sharing your screen Stop sharing