1 pts Question 12 The Wealth Management Company provides fund management investment services to its clients which include superannuation funds. It is trying to improve the accuracy in the way it allocates indirect costs such as the salaries of its fund managers, information technology, legal and other indirect costs to its different funds. Which of the following options would likely help it improve the accuracy of its indirect cost allocation to its different funds? 1. Use a single allocation base to allocate the company's indirect costs instead of having multiple allocation bases 2. Reclassify some of its direct costs as indirect costs 3. Use allocation base(s) that are qualitative instead of quantitative in nature Statement 1 only Statement 2 only Statement 3 only Statement 2 and 3 only O None of the choices would increase accuracy Which of the following about value chain analysis are false: 1. One of the purposes of value chain analysis is to help the organization identify and remove non- value added activities. 2. One of the purposes of value chain analysis is to encourage individual departments within an organization to think about the implications of their actions on other parts of the organization 3. Value chain analysis at the industry level and value chain analysis at the organisational level are both necessary only for organisations that are vertically integrated. For firms that are not vertically integrated, only value chain at the organisational level is necessary, Statement 1 only Statement 2 only O Statement 3 only Statement 1 and 2 only None of the statements are falso