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Q4 Of the terms/techniques listed below and for each one: i. Explain the meaning of the term/technique. ii. Drawing on your knowledge of management accounting

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Q4 Of the terms/techniques listed below and for each one: i. Explain the meaning of the term/technique. ii. Drawing on your knowledge of management accounting give two examples of its application. Provide a discussion of some of the practical limitations of which users should be aware with regard to the technique. 1. Limiting Factor 2. Cost Driver. [10]

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