Final answer:
The statement that budgetary slack is a hedge against unexpected adverse circumstances from the sales staff's viewpoint is True. It is a strategy used to create a buffer in financial planning.
Step-by-step explanation:
From the sales staff's standpoint, budgetary slack is indeed often seen as a hedge against unexpected adverse circumstances, so the statement can be considered True. Sales staff may create budgetary slack by underestimating revenues or overestimating expenses, which allows them some cushion in case actual performance does not meet expectations due to unforeseen events or challenges. This aligns with the concept that, in business and government applications, individuals and organizations must constantly adjust to changes in economic conditions in order to maintain operations or achieve utility-maximizing choices within their budget constraints.