Sigborne Corp., a food and beverage company, commences its budgeting process by requesting the middle managers of the company to collect data from their respective departments and submit a consolidated report stating the needs of their departments. Harold, the manager of the packaging department, overstates the needs of his department. In this scenario, Harold is guilty of _____.
A. outwrestling
B. budgetary slack
C. extortion
D. budget maximization
Answer: B
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Interest expense is computed annually when a bond is issued for other than its face value. For a bond issued at a discount, how will this component change as the bond approaches maturity?
a. decrease b. increase c. remain constant d. not enough information given to decide
Partial tax allocation is an example of:
a. finite uniformity. b. rigid uniformity. c. flexible uniformity. d. none of the above
Which of the following are elements of an effective whistle-blowing system? I. Anonymity II. Independence III. Audit trail IV. Accessibility
a. I and IV only b. I, II, and IV c. I, II, and III d. I, II, III, and IV
Agency rules related to gender-based classifications are subject to validation under
the: a. rational relationship test b. substantial relationship test c. coherent analysis test d. strict scrutiny test