Question 1 Differentiate between "quantitative factors" and "qualitative factors" in the study of management accounting. [10 marks] Question 2 Differentiate between the Net Present Value method and Internal Rate of Return method of capital budgeting. [10 marks] Question 3 Explain why managers need to allocate indirect costs to the cost objects when calculating product costs. [10 marks] Question 4 Explain how "balanced scorecard" is used in management accounting systems. [10 marks] Question 5 Explain the characteristics management control systems must have. [10 marks]