Question: 1) Describe the problems associated with budgetary slack. 2) Why is it important to plan for capital expenditures 3) Describe the types of human behavior

1) Describe the problems associated with budgetary slack. 2) Why is it important to plan for capital expenditures 3) Describe the types of human behavior problems that can interfere with effective budgeting. 4) Define flexible budgeting. 5) Define zero-based budgeting. 6) Define master budget. 7) Describe the types of budgets that comprise the master budget.

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