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Fahari Limited currently operates a top-down budgeting system where senior managers impose budgets on departmental managers. The company is now considering allowing departmental managers to

  1. Fahari Limited currently operates a top-down budgeting system where senior managers impose budgets on departmental managers. The company is now considering allowing departmental managers to participate in the setting of their own budgets.

Required: Argue the case for and against the participation of departmental managers in the preparation of their budgets

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