Please answer this question in details . this lecture is about The master budget is a picture of the strategic plans projected results in financial terms. you will learn the purpose of the master budget and how it is compiled from functional area budgets within an organization.

In different 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 (requires supporting citations) along with at least one scholarly, peer-reviewed reference in supporting your answer.