Question: Question Three i. What are budgetary slacks? Explain how they can they can be a hazard in budget preparation (3 Marks) ii. Outline any four

Question Three i. What are budgetary slacks? Explain how they can they can be a hazard in budget preparation (3 Marks) ii. Outline any four (4) circumstances or situations the top down budgeting system may be useful. (6 Marks) iii. List down any four (4) benefits and drawbacks of the participative style of budgeting (6 Marks) iv. Discuss the term Zero based budgeting, clearly stating where it can be applied (4 Marks) v. List down any four (4) benefits and drawbacks of Zero based budgeting (6 Marks)

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