1)When there is an imperfect market for the intermediate product, what is the optimum transfer price? Discuss.

2)What are holding costs? Provide relevant examples.

3) What are stock-out costs? Provide relevant examples.

4) How do firms gain competitive advantage through exploiting linkages in the value chain?

5)What is just-in-time inventory management? Discuss four just-in-time approaches used to reducing raw materials inventory.

6) In the context of divisional profitability measurability, discuss the following relative profitability measures: (i) return on investment (ROI), (ii) residual income (RI), (iii) economic value added (EVA ).

7) In the context of organisational and social aspects of management accounting, explain; (i) the agency theory, and (ii) the cognitive evaluation theory.

8) inventory management and valuation create one page summarised poster on the article and include it as part of your answer.