i)'Activity based costing is clearly a superior system to conventional product costing techniques. Hence, all organisations should adopt activity based costing'. Do you agree? Explain!(4 marks)

ii)The owner of a sole trader business was heard making the following remark: 'CVP analysis has little relevance for our business. We are not in business to break even, but to make profits.' Do you agree? Explain your position.(4 marks)

iii)'The human reactions to the budgeting process can have a considerable influence on an organisation's overall effectiveness.' Discuss two ways in which human reactions to budgets can have a negative impact on organisational performance.(4 marks)

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