a. REQUIRED For each item on Bailey's list, explain whether it will create budgetary slack. Use numerical examples as necessary to illustrate. b. Given the company's use of static budgets as one of the performance evaluation measures of its managers, can the managers justify the use of built-in budgetary slack? What would you recommend as a means for Bailey to improve the budgeting situation in the company? Provide some specific examples of how the budgeting process might be improved. C