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Solve both Questions please. it is very urgent for me. Thanks (SLO 3,4,5) (3 Marks) Question 2 - Short Theory Questions: Note: Answer the following

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Solve both Questions please. it is very urgent for me. Thanks

(SLO 3,4,5) (3 Marks) Question 2 - Short Theory Questions: Note: Answer the following questions: 1. What is variable cost and fixed cost?? 2. What are the Dysfunctional incentives? 3. What is financial budget? (SLO 4,5) True or False Questions: (3 Marks) Note: Answer all (Write in box True or False") Question 3 1. A budget is a qualitative expression of a plan of action that imposes the formal structure of an organization ( 2. The most forward-looking budget is the strategic plan which sets the overall goals and objectives of the organization ) ) 3. An activity-based flexible budget is based on budgeted costs for different activity and related cost driver

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