QUESTION 2 'The field of managerial accounting and control in a global business environment has the interesting property of being a mixture of two disciplines. The first is the relative soft art of management which, at least as far as 'international is concerned, finds its origins in anthropology and psychology. It attempts to provide a perspective on the unique behavioural problems of controlling a business entity. The second part, 'accounting', deals with the technical side of recording and manipulating information to provide what may be described as an optimal package or set of information.' (Nobes and Parker, 2010, p565) Required: a. Explain briefly the basic challenges of management accounting within a firm. (6 marks) b. Explain a control tool used by management in attempting to approach the multi-level objectives of a firm. (14 marks) (Total: 20 marks)