Question 1 a) Explain what a “supply chain” is. [5 marks] b) Explain why practioneers of supply chain management need to

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Question 1 a) Explain what a “supply chain” is. [5 marks]
b) Explain why practioneers of supply chain management need to
understand management accounting. [5 marks]
Question 2 Activity-based costing system may not be
beneficial to all business segments. Provide the situation whereby
BIC may yield maximum benefit when implemented. [10 marks]
Question 3 Differentiate between the mechanisms of an
“actual costing” budgetary system against a “normal costing”
budgetary system. [10 marks]