Many textbooks praise the benefits of participative budgeting. Is it wise to involve multiple parties at multiple levels in the organization in the budget preparation process? Why or why not?

Embed course material concepts, principles, and theories (requiressupporting citations) along with at least one scholarly, peer-reviewedreference in supporting your answer. Keep in mind that these scholarlyreferences can be found in the Saudi Electronic Library by conducting anadvanced search specific to scholarly references.

• Libby, T., & Lindsay, R. M. (2019). The effects of superior trust and budget-based controls on budgetary gaming and budget value. Journal of Management Accounting Research, 31(3), 153–184.
• Rizvi, S. A., & Jacobsen, T. E. (2018). Linkingresource allocation and budgeting to assessment through integratedprocesses: Integration of goals at micro, macro, and institutionallevels. Journal of Academic Administration in Higher Education, 14(1), 59–64
• Warren, C. S., & Tayler, W. B. (2020). Managerial accounting(15th ed.). Boston, MA: Cengage Learning. ISBN: 9781337912020 ( my textbook )

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