Activity 6: Presentation Activity context: After the implementation of the budget, the areas of improvement in the budget management that the management identified were as follow: One reason for high labour costs is the department is consistently overstaffed; more staff than necessary are rostered on for most service periods. Improper management of food and beverage expenses, i.e., having overstocks and leading to food wastages. Improper management of payroll expenses. The main reason that the management thinks behind this is the budget management approach that the hotel is following. So, they have allocated you the task to conduct research and investigate new approaches to budget management that addresses the concerns specified above. Description of the activity: Conduct research and investigate new approaches to budget management that addresses the concerns specified above. When developing the new approaches, you must ensure that they do not impact the customer service levels and increase the colleagues' workload to the extent that it affects their performance and their work satisfaction. After conducting the research considering the factors specified above, you are then required to prepare a presentation for the management that must include the following: Budget approaches that address all the concerns that the hotel is facing. Advantages and disadvantages of these approaches. Your recommendations for the approach that you think would be best for budget management. Reason in support of your recommendations.