Question: Fred and Danielle are obviously including slack in their budgets. Explain why they are doing this and what benefits they expect to receive as a

Fred and Danielle are obviously including slack in their budgets. Explain why they are doing this and what benefits they expect to receive as a result of using budgetary slack.

How can the use of budgetary slack adversely affect Fred and Danielle?

Stephen is concerned that the actions described may be unethical. Read the IMA

s Statement of Ethical Professional Practice

(

attached below

) .

Based on the Statement, do you agree with Stephen? Use what you read to help explain why you do or do not agree.

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