1(a) "Accounting plays a relatively unimportant role in budgeting." Do you agree? Explain. (b) What responsibilities does management have in budgeting? 2)What is participative budgeting? What are...

(b) What responsibilities does management have in budgeting?

2)What is participative budgeting? What are its potential benefits? What are its potential disadvantages?

3)What is budgetary slack? What incentive do managers have to create budgetary slack?