Question 1 a) Explain what a supply chain is. [5 marks]

b) Explain why practioneers of supply chain management need to understand management accounting. [5 marks]

Question 2 Activity-based costing system may not be beneficial to all business segments. Provide the situation whereby BIC may yield maximum benefit when implemented. [10 marks]

Question 3 Differentiate between the mechanisms of an actual costing budgetary system against a normal costing budgetary system. [10 marks]