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Question The Faculty of Business Studies is preparing its budget for the 2022/2023 academic year. In previous years the dean of the faculty has prepared

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Question The Faculty of Business Studies is preparing its budget for the 2022/2023 academic year. In previous years the dean of the faculty has prepared the faculty budget without the participation of senior members and presented it to the faculty board for approval. Last academic year the faculty board criticised the dean over the lack of participation of his senior members in the preparation of the budget for the 2021/2022 academic year and requested that for the 2022 2023 budget the senior members would have to be involved. Required Present a report to the dean explaining five potential advantages and five potential disadvantages to the faculty of involving the senior members in the budget preparation process

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