SECTION B: ANSWER ONE QUESTION ONLY Question 4 Is the book value of inventory on hand a relevant cost? Explain your answer. What behavioural tendency do managers often exhibit with regard to sunk cost? (10 marks) for the discussion of book value of inventory as relevant/irrelevant cost information in decision making context. Students should prove the argument with appropriate examples of decisions (10 marks) for the implications of sunk cost in decision making and the consequences of mistreatment of such cost Total 20 marks Question 5 Discuss advantages that non-financial measures offer for managing resources and creating value, compared with financial measures. Give example where the financial measures may mislead the organization in achieving its strategic objectives. Total 20 marks