6. (a) Derive the Clausius-Clapeyron equation ln

(3) Andy just heard about participative budget and is evaluating the possibility of adopting such budgeting process. Explain to Andy what a participative budget is. What are the major advantages of participative budgets? What caution must be exercised in their use? (9%) Write a memo to Andy Chen in response to his request. Outline your response in bullet form or numbered points.