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James Corporation, headquartered in Chicago, has a manufacturing plant in Dallas. Plant managers desire to participate in the company's budget efforts, which, for the past 10 years, have been handled solely by top executives in Chicago. Dallas managers feel that by becoming involved, they can make great strides in terms of improving operating performance of their aging facility.
Required:
Briefly discuss this situation, focusing on the benefits and problems of letting Dallas managers participate in the company's budgetary efforts.
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