Question 2 – Learning Outcome 1 (20 marks) You are the recently appointed Head of Sales for an insurance company. There are several departments within the company’s sales division.
During a recent review of the sales division’s current annual budget, you have identified the following issues:
• All departments within the sales division have variances, both above and below budget.
• Variance management is dealt with differently by each department within the division.
• The proportion of allocated budget to each department in the division is inconsistent.
a) Identify, with justification, four significant ways in which the budget variances in the sales division
can be managed effectively.
(8 marks)
b) Explain four actions you can take to improve the accuracy of budgeting when producing the next annual budget for the sales division.

Which of the following is located at the point where the supply and demand curves intersect? a. the equilibrium price. b. the minimum supply. c. the level of efficient production. d. the maximum demand. 2b2t

Which of the following statements regarding the learning curve and economies of scale is accurate? answers: just as diseconomies of scale are presumed to exist if a firm gets too large, there is a corresponding increase in costs in the learning-curve model as the cumulative volume of production grows.where diseconomies of scale are presumed to exist if a firm gets too large, there is no corresponding increase in costs in the learning-curve model as the cumulative volume of production grows.where diseconomies of scale are presumed to exist if a firm gets too small, there is no corresponding increase in costs in the learning-curve model as the cumulative volume of production grows.just as diseconomies of scale are presumed to exist if a firm gets too small, there is a corresponding increase in costs in the learning-curve model as the cumulative volume of production grows.

An object that is clicked on and takes the presentation to a new targeted file is done through a