budget slack


budget slack
The surplus that arises when managers preparing a budget overestimate costs or underestimate revenues. Most organizations would want to eliminate budget slack but some managers may be motivated to create it to improve their performance evaluations. In certain cases, slack may be deliberately created by organizations to protect against uncertainty in the environment: for example, a company may hold excess stocks of a product to make sure that customers can always order the quantities they need. However, managers who create excessive slack in this way can be seen as inefficient. Participative budgeting may be one way of reducing budget slack.

Accounting dictionary. 2014.

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  • budget slack — The surplus that arises when managers preparing a budget overestimate costs or underestimate revenues. Most organizations would want to eliminate budget slack but some managers may be motivated to create it to improve their performance… …   Big dictionary of business and management

  • slack — ▪ I. slack slack 2 also slack off verb [intransitive] to make less of an effort than usual or be lazy in your work: • He was accused of slacking and taking too many holidays.   [m0] ▪ II. slack slack 3 noun [uncoun …   Financial and business terms

  • slack — slack1 [ slæk ] adjective 1. ) loose and not pulled tight: The fence consisted of two slack strands of barbed wire. The rope suddenly went slack. Her muscles felt slack. 2. ) not taking enough care to make sure something is done well: slack… …   Usage of the words and phrases in modern English

  • slack — I UK [slæk] / US adjective Word forms slack : adjective slack comparative slacker superlative slackest 1) loose and not pulled tight The fence consisted of two slack strands of barbed wire. The rope suddenly went slack. Her muscles felt slack. 2) …   English dictionary

  • slack — I. adjective Etymology: Middle English slak, from Old English sleac; akin to Old High German slah slack, Latin laxus slack, loose, languēre to languish, Greek lagnos lustful and perhaps to Greek lēgein to stop Date: before 12th century 1. not… …   New Collegiate Dictionary

  • slack — slack1 [slæk] adj [: Old English; Origin: sleac] 1.) hanging loosely, or not pulled tight ≠ ↑taut ▪ Keep the rope slack until I tell you to pull it. 2.) with less business activity than usual ▪ Business remained slack throughout the day. 3.) not… …   Dictionary of contemporary English

  • slack — 1 adjective 1 not taking enough care or making enough effort to do things right: Tollitt blundered with a slack header towards the goalkeeper. | The report criticized airport security as disgracefully slack . 2 with less business activity than… …   Longman dictionary of contemporary English

  • бюджетный резерв — Заранее обособленная часть бюджетных средств, предназначенная на финансирование различных непредвиденных расходов государства, его субъектов и т.д. [ОАО РАО "ЕЭС России" СТО 17330282.27.010.001 2008] бюджетный резерв Заранее… …   Справочник технического переводчика

  • Бюджетный резерв — (Budgetary reserve, budget slack) — заранее обособленная часть бюджетных средств, предназначенная на финансирование различных непредвиденных расходов государства и  субъектов Федерации …   Экономико-математический словарь

  • slackness — slack slack 1 [slæk] adjective 1. COMMERCE a slack period of time is one with less business activity than usual: • Business is slack just now. • The workers feared being laid off (= losing their jobs …   Financial and business terms