QUESTION 1 a. Give two examples of industries that generally use process costing systems. Explain characteristic of two products of your selected industries that makes process costing a good choice. (5 marks) b. Do you think that with the Industrial Revolution (IR) 4.0, all companies either in developed countries or developing countries have a similar playing field to compete in a highly competitive global market environment? Discuss this with one example. (5 marks) c. As a young graduate in business administration, recently you came across an advertisement on an Entrepreneur Funding Program organized by a government agency. Since the funding is limited, only commercially and a competitive business proposal will be accepted. With the knowledge you learned, describe methods of preparing a convincing and impressive business proposal that incorporates managerial accounting elements. (5 marks) (Total: 15 marks) QUESTION 1 a. Give two examples of industries that generally use process costing systems. Explain characteristic of two products of your selected industries that makes process costing a good choice. (5 marks) b. Do you think that with the Industrial Revolution (IR) 4.0, all companies either in developed countries or developing countries have a similar playing field to compete in a highly competitive global market environment? Discuss this with one example. (5 marks) c. As a young graduate in business administration, recently you came across an advertisement on an Entrepreneur Funding Program organized by a government agency. Since the funding is limited, only commercially and a competitive business proposal will be accepted. With the knowledge you learned, describe methods of preparing a convincing and impressive business proposal that incorporates managerial accounting elements. (5 marks) (Total: 15 marks)