Q1- (Exercise 6-13 – Revised) Select one of the following quotesfrom the text to discuss. Clearly state whether you either agree ordisagree with the comment and support your opinion with at leastone scholarly resource. Include in your response an explanation ofthe major purposes of budgeting. Your initial post should be200-250 words. •”One major criticism of budgeting is that it isused as a ‘cost reduction’ tool rather than a ‘cost control’ tool.The objective of the budget is to control costs at an efficientlevel of operation.” •”There are generally three benefits fromallowing employees to participate in developing the budget: (1)Employees tend to accept the budget as their own plan of action.(2) Participation tends to increase morale among employees andtoward management. (3) Employee cohesiveness is increased, andproductivity will also increase if dictated by the group norm.”•”Even though budgets are quantitative tools, considerable emotionis connected to budgeting. The individual in control often sees thebudget as a means of getting things done. People being controlledoften have feelings of anxiety because their success and promotionare tied directly to the budget.”