Question 1: (30 marks) Suppose that your friend Michael Henry has just been appointed as the factory manager of Bosch. This company uses a balanced scorecard approach to evaluate its managers. Michael's previous employer has not used this approach but based on the budgeted production to evaluate performance of managers. a) Briefly explain to Michael how performance evaluations at Bosch will differ from those at his previous company. [5 marks] Click or tap here to enter text. b) Recommend five possible objectives that Bosch will use, in addition to production level, to evaluate Michael's performance. For each objective that you identify, be sure to indicate a plausible metric for measuring it. [5 marks] Click or tap here to enter text. c) How does the Balanced Scorecard (BSC) help translate strategy into action? Explain and discuss any potential problems and challenges in its implementation. [10 marks] Click or tap here to enter text. Discuss the role that the management accountants play in organisational decision- making in the areas that include pricing, quality, resource allocation, waste management etc.). Support your discussion with suitable examples. [10 marks]