1. Explain the responsibility and work of the person in charge of planning and forecasting a business's financial needs. (b) In no more than two lines, name a business with which you are familiar and briefly explain the type of work or activities or operations that take place (this can be the same business you refer to in Question 1 if you wish, but it does not have to be). Outline how a master budget for that business should be prepared, and if reasons for variances should be investigated.