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Chapter 1 1. When comparing management accounting and financial accounting, which of the following statements...

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Accounting

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Chapter 1 1. When comparing management accounting and financial accounting, which of the following statements is FALSE? A) Behavioral considerations are of primary importance in management accounting, but not in financial accounting, B) Management accountants are constrained by Generally Accepted Accounting Principles. C) Management accounting has a future orientation whereas financial accounting has a past orientation. D) Management accounting information is for managers at various levels whereas financial accounting information is for outside users. 2. information helps managers focus on operating problems, imperfections, inefficiencies and opportunities. A) Attention directing B) Problem solving C) Scorekeeping D) Performance

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