An information system for a building company that tracks construction costs for various projects across the United States would be categorized as a type of GDSS.
Group Decision Support System is referred to as GDSS. It is a system that aids in decision-making and has been set up and structured in such a way that group members can engage with one another to reach a particular conclusion.
A formal, sociotechnical, organizational structure called an information system (IS) is created to gather, process, store, and distribute information. Information systems are made up of four elements from a sociotechnical standpoint: the task, the people, the structure (or roles), and the technology.
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Josie was unclear about what managers actually do since this was her first job. Fortunately her training materials explained that a manager's job focuses on ________.
Her training materials explained that a manager's job focuses on helping others achieve their job goals.
What are the characteristics of an effective manager?An effective leader is one who knows his subordinates and their capabilities, helping them to improve them for greater autonomy at work, productivity and motivation.
Therefore, an effective manager must develop their communication skills, provide feedback, and be an example of compliance with the company's fundamental policies and requirements.
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A characteristic of a ________ unit is that it can be a single business or collection of related businesses that can exist separately from the rest of the company.
A characteristic of a strategic business unit is that it can be a single business or collection of related businesses that can exist separately from the rest of the company.
A strategic enterprise unit, popularly known as SBU, is a completely-practical unit of a commercial enterprise that has its own vision and route. typically, a strategic commercial enterprise unit operates as a separate unit, but it is also a crucial part of the employer. It reports to the headquarters about its operational fame.
A strategic commercial enterprise model is a scientific listing of the regulations that will manual the future specification of inputs, outputs, methods, and values of the entire operations of the commercial enterprise of the corporation.
A tactic refers to the particular actions taken to reach the set dreams in keeping with the method. For an instance, organization A's approach is probably to become the most inexpensive provider in the smartphone market. Their managers then need to barter with suppliers to reduce the prices of the digital components used in manufacturing.
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Bitcoin. Sweat. Tide. Meet the Future of Branded Currency
What is Bitcoin and where did it come from?
What kinds of businesses are accepting Bitcoin?
What is the definition of money, according to Kemp?
What are some other forms of currency in existence now?
Can you think of other examples of currency?
Bitcoin is known to originated from no where and it is seen as a kind of a digital currency invented by a man or group of men called Satoshi Nakamoto in 2008.
What kinds of businesses are accepting Bitcoin?They are:
Microsoft. Overstock.Starbucks, etc.What is the definition of money, according to Kemp?Kemp defines money as a given expression of value that is said to be often agreed upon by people.
What are some other forms of currency in existence now?Litecoins.BerkShares. Equal Dollars.Ithaca Hours.Other examples of currency are bonds, commodity money, etc.
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The process of arranging for a product to occupy a clear, distinctive, and desirable place relative to competing products in the minds of target consumers is known as ________. Group of answer choices positioning target marketing market targeting market segmentation differentiation
The answer is Positioning.
Market segmentation is the process of dividing a market into distinct groups of customers who have different characteristics, needs and behaviors and therefore require different products or marketing programs.
Market targeting is concerned with evaluating each segment’s attractiveness for the company and selecting one or more segments to enter. The evaluation of segments is based on the question- which segment the company can serve best.
In other words, we should concentrate on and enter those segments in which we can generate the greatest customer value over time.
Differentiation in marketing means creating specialized products that gain a competitive advantage with a particular segment of the market.
Hence, The process of arranging for a product to occupy a clear, distinctive, and desirable place relative to competing products in the minds of target consumers is known as Positioning.
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A ____________________________ is one economic mechanism by which government borrowing can crowd out private investment.
A higher interest rate is one economic mechanism by which government borrowing can crowd out private investment. This is further explained below.
What is the economic mechanism?Generally, A mechanism is a mathematical representation of the organizations that govern and coordinate economic activity.
In conclusion, Increasing the interest rate is one of the ways in which the government may stifle private sector investment. This will be detailed in further detail in the following paragraphs.
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One of the following statements is false. Which is it? i the time horizon and size of time bucket for the master production schedule can never be longer than those of the aggregate plan. Ii aggregate plans are implemented on a rolling horizon iii aggregate plans often perform planning for fictitious/abstract products iv aggregate planning is a highly integrative activity, requiring input from many areas of the organization, such as marketing, human resources, and accounting.
The statement III Aggregate plans often perform planning for fictitious/abstract products.
Aggregate making plans refers to the technique of developing, preserving, and studying the approximate scope of the operations of a business enterprise. It generally carries targeted income forecasts, stock stages, and production levels.
Mixture-making plans are commonly completed twelve months into the future. A few examples of combination planning are hiring brief workers, laying off employees for a particular length, or pass-schooling. This works as an effective benchmark to degree useful resource usage and implementation.
The time period mixture implies that the making of plans is finished for an unmarried typical measure of output or, on the maximum, a few aggregated product classes. The aim of mixture-making plans is to set typical output degrees within the close to medium future in the face of fluctuating or unsure demands.
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Retail stores and make goods and services different by the design of marketing appeal including special features. This is characteristic of __________________ . Retail stores and make goods and services different by the design of marketing appeal including special features. This is characteristic of __________________ .
This is characteristic of Monopolistic Competition.
What is Monopolistic Competition?An industry with a lot of companies offering similar (but not identical) replacement goods or services is known as one with monopolistic competition. In a monopolistic competitive industry, there are few barriers to entry and exit, and no firm's decisions directly affect those of its rivals.Monopolistic competition and the branding business strategy are strongly intertwined. Between monopoly and perfect competition (a state that exists only in theory), monopolistic competition incorporates aspects of both. The economists Edward Chamberlain and Joan Robinson used the phrase in the 1930s to refer to the competition between businesses that offered products that were similar but not identical. In monopolistic competition, all firms have roughly equal levels of market power.Know more about Monopolistic Competition with the help of the given link:
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Marla rents a house at the edge of the city, but soon finds that the chemicals from the nearby glue factory make it impossible for her to enjoy relaxing outside in her yard. Under what circumstances can this be considered a public nuisance
Marla rents a house at the edge of the city, but soon finds that the chemicals from the nearby glue factory make it impossible for her to enjoy relaxing outside in her yard.
If there are other annoyed neighbors, and they also complain.
The act or illegal omission of a person constituting a public nuisance must unavoidably result in harm, obstruction, danger, or irritation to those who may need to use any public right as well as to the general public or to those who live in the area or who own property there.
The mere fact that a common annoyance results in some convenience or benefit does not justify it.
Public nuisances are a kind of common law offenses under English criminal law where the victim is the general public as opposed to a specific person.
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Read this scenario, and then answer the question that follows. richard is excited to start his trucking business. after taking out a loan, he decides to buy 10 used trucks and to hire drivers who live in his small town, which is 100 miles from the nearest big city. what potential economic consequences has richard not taken into consideration while making his decision?
Some potential economic consequences that Richard did not consider before making his decision are:
The cost of maintenance for used trucks. The cost of gasoline from the town to the nearest city. The location of the places that goods will be transported to and from. What are economic considerations?These are the factors that will affect the profitability and viability of a business.
In Richard's case, he needed to have considered various costs such as the higher cost of maintaining used trucks and the cost of gasoline that he will incur for living so far from big cities.
He also needs to consider the distance his trucks will have to travel to pick up good and deliver them.
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Beta Corporation purchased $300,000 worth of land by paying 30,000 cash and signing a $270,000 mortgage. Immediately prior to this transaction the corporation had assets, liabilities, and owners' equity in the amounts of $170,000, $40,000, and $130,000 respectively. What is the total amount of Beta Corporation's assets after this transaction has been recorded
The total amount of Beta Corporation's assets after this transaction has been recorded is $440,000.
Given:
170,000 (assets prior to transaction) + 300,000 (land) - (30,000) cash =$440,000.
What is Assets?An asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit.
Assets are reported on a company's balance sheet. They are bought or created to increase a firm's value or benefit the firm's operations.
Therefore, we can conclude that the Beta Corporation's assets after this transaction has been recorded is $440,000.
I understand that the question you are looking for is :
Beta Corporation purchased $300,000 worth of land by paying 30,000 cash and signing a $270,000 mortgage. Immediately prior to this transaction the corporation had assets, liabilities, and owners' equity in the amounts of $170,000, $40,000, and $130,000 respectively. What is the total amount of Beta Corporation's assets after this transaction has been recorded?
$440,000
$70,000
$500,000
$200,000
$470,000
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For income-generating properties, a value based on the present value of the rights to future income is called the:
For income-generating properties, a value based on the present value of the rights to future income is Income Capitalization
What is Income Capitalization?The Income Capitalization Approach is helps to know how much right or money an individual has in the future based on how much the individual can generate in the present investment or asset.
Therefore,For income-generating properties, a value based on the present value of the rights to future income is Income Capitalization
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To ensure that mentions of a company in the news are received in a positive light, many firms think a prudent public relations strategy is to seek ______ hits.
To ensure that mentions of a company in the news are received in a positive light, many firms think a prudent public relations strategy is to seek ___fewer___ hits.
What is PR strategy?A PR strategy is utilized to assist your company in planning out its public relations (or media relations) initiatives and selecting the most effective channels for reaching out to its target market. The creation and implementation of a PR strategy can help brands not only attract media attention to their goods or services but also organize the numerous stories that appeal to their various target audiences. The management of a company's public image can be aided by an effective plan.
PR, commonly referred to as "earned media," can be used to boost website traffic, interact and connect with target audiences, forge relationships with the community, and promote brands in a more dependable and organic way. To increase brand recognition and attract more potential clients or customers, it's critical to leverage media outlets in this manner.
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Delta Diamonds had 5 one-carat diamonds available for sale this year: 1 purchased June 1 for $500, 2 purchased July 9 for $550 each, and 2 purchased September 23 for $600 each. On December 24, it sold 1 of the diamonds that was purchased on July 9. Using periodic specific identification, its Cost of Goods Sold is
Delta Diamonds had 5 one-carat diamonds available for sale this year: Using periodic specific identification, its Cost of Goods Sold is $600 . This is further explained below.
What are diamonds?Generally, having a diamond cubic crystal structure, a diamond is a solid form of the element carbon. For the sake of this exercise, we will assume that the temperature and pressure are both
In conclusion,This year, Delta Diamonds offered five one-carat stones for purchase. The company's Cost of Goods Sold is $600 every period thanks to its use of precise periodic identification.
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Other than directly observing the market, how do most companies get their market research? (Check all that apply.)
Other than directly observing the market most companies get their market research from newspaper advertorials and trusted research vendors .
Newspaper advertorialsAn advertorial is a form of advertisement in a newspaper, magazine or a website which involves giving information about the product in the form of an article. Usually, a brand pays the publisher for such an article.
Trusted research vendorsA market research vendor can provide insights on the best research design for your needs, based on years of experience. They may also have research panels to help you access your target audience most economically and experienced people to conduct interviews or focus groups.
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comparatively new field of research international entrepreneurship was developed as a result of what is known as the
Comparatively new field of research international entrepreneurship was developed as a result of what is known as the Born global.
"Entrepreneurial start-ups that, from or around their establishment, intend to derive a large proportion of their revenue from the selling of products in international markets" are referred to as "Born Global (BGs)."
Born worldwide enterprises, a growing business phenomenon that is also progressively gaining traction in Latin America and the Caribbean.
This study argues that developing complicated international resource configurations can help businesses gain competitive advantage in addition to making early sales in foreign markets.
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A disadvantage of the corporate form of organization is professional management. tax treatment. ease of transfer of ownership. lack of mutual agency.
A disadvantage of the corporate form of organization is the tax treatment.
What is the tax treatment?Tax Structure refers to any fact that may be pertinent to comprehending the alleged or claimed Federal income tax treatment of the transaction. Tax Treatment refers to the asserted or claimed Federal income tax treatment of the transaction.What is the transfer of ownership?An agreement is known as a "transfer of ownership" is used to legally transfer ownership of goods sold by one person (the Seller) to the buyer (the Buyer). These contracts can be used to sell products, businesses, cars, or even real estate.What is professional management?Professional management is the process by which the program designs, organizes, approves, and monitors the execution of the care plan.Therefore, a disadvantage of the corporate form of organization is the tax treatment.
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Shareholders in a management company have all of the following rights except the right to vote: a to change the investment objective of the fund b for the investment adviser c for the board of directors d on the dividend distribution amount review
Shareholders in a management company have all of the following rights except the right to vote a to change the investment objective of the fund.(option A)
What are the rights of shareholders?A shareholder is a person or group of people who have purchased shares in a public company. The shares gives the shareholders ownership rights in the company.
The shareholders can vote during annual general meetings on matters relating to dividends, membership of the board of directors and investment adviser.
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The Chubb Group, an insurance company, regularly supplies funds for programming on the public television network. Its donations are an example of: Group of answer choices corporate philanthropy corporate paternalism economic responsibility financial empowerment ethical responsibility
Its donations are an example of: corporate philanthropy.
The Council on Foundations defines corporate philanthropy as the voluntary investments and endeavors a company makes to control and account for its social effect. Money is invested in philanthropic endeavors and activities. contributions of goods. provided in-kind.Corporate donations to charity groups last year exceeded $20 billion, according to research by Double the Donation.A corporation or business supporting the wellbeing of others through philanthropic donations of money or time is said to be engaging in corporate philanthropy.When thoughtfully planned and implemented, corporate giving initiatives can give businesses a competitive edge. Giving to charity is one way to improve a brand or business's reputation and name recognition among consumers.Thus this is the answer.
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As Elisa gets ready to open her new business, she has identified the tasks that need to be accomplished and has assigned employees to each task. This illustrates
As Elisa gets ready to open her new business, she has identified the tasks that need to be accomplished and has assigned employees to each task. This illustrates Division of labor.
What does the term "divide of labor" mean?Division of labor is the process of breaking down a work process into a number of tasks, each of which is carried out by a different person or group of people. It is one of the fundamental organizational principles of the assembly line and is most frequently used in mass production systems.
What is a good example of the division of labor?Food collecting is a fairly simple illustration of the division of labor. Men would hunt in early societies, while women and children would prepare the food and gather berries. The concept was that it was a relatively straightforward division of labor to allow for the greatest use of various skill sets.
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5. Cruzville economists have been using 2013 as their base year to calculate inflation. a) What is the CPI during the base year (2013)? b) What is the CPI for 2014? c) What is the CPI for 2015? (3 points)
Based on the base year used by Cruzville economists to calculate inflation, the following at the CPIs:
2013 = 1002014 = 1122015 = 130What is the CPI over the years?As 2013 is the base year, the CPI will be 100 because all base years are 100 for CPI purposes.
The CPI in 2014 is:
= 112
This is due to an inflation rate of 12%.
An inflation rate of 16.1% is the reason why the CPI in 2015 is 130.
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Last semester, Brita bought her textbooks over the Internet and saved a considerable amount of money. Classes start in a few days, and she needs to decide right away how and where to purchase her books. Brita will most likely engage in a(n) ________ process.
Last semester, Brita bought her textbooks over the Internet and saved a considerable amount of money. Classes start in a few days, and she needs to decide right away how and where to purchase her books. Brita will most likely engage in "limited problem solving" process.
What is limited problem solving process?Limited issue solving is another sort of consumer problem-solving that consumers employ when they need information about unknown brands in well-known product categories or when they make sporadic purchases of goods; it takes a fair amount of time for information collecting and consideration.
The characteristics of limit solving process are-
Limited issue solving is employed when consumers seek information about a new brand within a well-known product category or when they occasionally purchase products. When buying a new, expensive, or infrequently purchased goods, consumers engage in lengthy problem solving.Possibly when you need to find out information about an unusual brand in a well-known product area, takes a fair amount of time to gather information. Clothing is one example where it is known the product class but not the brand.Therefore, in the given case- Brita lacks the time to thoroughly consider all of his alternatives. Additionally, he will likely follow suit this time around given his recent success purchasing books online (unless he waited too long and cannot receive his books in time).
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Universal Studios needs to purchase a fuel contract for all its company vehicles. John works in the department that oversees the auto fleet and has been assigned to speak with potential suppliers and complete the purchase. His role is that of a(n) ______.
If he complete the purchase. His role is that of a(n) buyer.
Who is a buyer?A buyer can be defined as someone that purchase products or items from a seller or a supplier.
Based on the given scenario John is a buyer because he has been assign to speak suppliers and complete the purchase.
Therefore his role is that of a(n) buyer.
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Vending machines are most often used to sell: Group of answer choices shopping goods. convenience goods. specialty goods. inferior goods.
The correct option is convenience goods.
Products that the client may easily, quickly, and regularly purchase are known as convenience goods. Newspapers and soaps are examples of convenience goods, as are everyday foods like pasta or ketchup.
Vending machines are most often used to sell convenience goods.
Vending machines are practical because they make it possible for your staff, clients, and customers to quickly and affordably receive what they need. When placed properly, vending machines are always convenient and offer reasonable prices.
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An individual or company purchaser that sees the benefits-to-status-quo ratio of a new product or service better than the average customer does is a(n)
The answer is Early Adopter.
The term "early adopter" refers to an individual or business who uses a new product, innovation, or technology before others.
In other words, an early adopter is an individual who almost always buys new products in a given product category.
Early adopters, therefore, form a category of consumers particularly favorable to the adoption of new products or new technologies.
As part of targeted marketing actions, they can play a driving role in the launch and adoption of a new product, service, or online offer.
For instance, Early adopters are often the first market for a high-tech product in the launch phase.
Hence, An individual or company purchaser that sees the benefits-to-status-quo ratio of a new product or service better than the average customer is an Early adopter.
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1. Suppose you are an accountant for pre-fraud WorldCom. You have just been instructed by the CFO to alter specific company accounts in order to boost the company's numbers before fourth-quarter disclosures. You know the actions are unethical, but you fear that refusing to comply with executive orders may result in punishment and possible termination of your job. What would you do
We would not change any specific company accounts before you in order to increase the company's figures.
What is an accountant?An accountant is a person who practices accounting or accountancy. Accountants who have passed their professional associations' certification tests can use titles like Chartered Accountant, Chartered Certified Accountant, Certified Public Accountant, or Registered Public Accountant. Statute grants such professionals certain responsibilities, such as the ability to certify an organization's financial statements, and they may be held liable for professional misconduct. Non-qualified accountants may work for a qualified accountant or independently, with no legislative privileges or obligations.Ethical obligations of an accountant:Responsibilities.The Public Interest.Integrity.Objectivity and Independence.Due Care.Scope and Nature of Services.As we are 100% honest with my work and work under ethics so I would not change any specific company accounts before you in order to increase the company's figures.
Therefore, we would not change any specific company accounts before you in order to increase the company's figures.
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Because there is so much unpredictability in all supply chains, companies must use ___ to make supply chain decisions.
Companies must use Supply chain management to make supply chain decisions, because there is so much unpredictability in all supply chains.
What is Supply Chain Management?Supply chain management manages the flow of goods and services and includes all processes that transform raw materials into final products.By using supply chain management, companies can cut excess costs and deliver products to the consumer faster and more efficiently.The five most critical elements of supply chain management are developing a strategy, sourcing raw materials, production, distribution, and returns.Learn more about Supply Chain Management here:
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Because there is so much unpredictability in all supply chains, companies must use Supply Chain Management to make supply chain decisions.
Supply Chain Management: What Is It?All procedures that convert raw materials into finished commodities are included in supply chain management, which controls the movement of both goods and services.Because all supply chains are inherently unpredictable, businesses must employ supply chain management to make decisions about their supply chains.Businesses can reduce unnecessary expenses and deliver goods to customers more quickly and effectively by using supply chain management.Creating a strategy, locating raw materials, production, distribution, and returns are the top five aspects of supply chain management.Learn more about Supply Chain Management here:
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Many companies today are localizing their products, advertising, promotion, and sales efforts to fit the needs of individual regions, cities, and neighborhoods. This is an example of ________. Group of answer choices psychographic segmentation branding geographic segmentation product diversification demographic segmentation
C) Geographic Segmentation.
What does regional segmentation entail?A marketing tactic known as geographic segmentation targets goods and services to local residents and business owners. It operates under the premise that locals have comparable needs, desires, and cultural factors. Brands may focus more pertinent marketing messages and acceptable items on customers who are then aware and more inclined to buy by learning what people in that area need.
What benefits does geographic segmentation offer?Large businesses can address the various needs and wants of clients in various regions thanks to geographic segmentation.Geographic segmentation makes it possible for small enterprises with tight finances to work more effectively.The process of geographic segmentation is simple.Learn more about brands with the help of the given link:
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If you were marketing a product to a particular target market and you only knew the demographic characteristics, what product benefits (WIIFM, or “What’s in it for me?”) would you highlight in your marketing
The product benefits to be highlighted in the marketing based on demographic characteristics are
beneficial to particular agebeneficial to particular working classbeneficial to particular gender etcWhat is the demographic segmentation?In marketing, this refers to the segmenting of customers according to gender, age, ethnicity, family size, religion etc.
The use of demographic segmentation in marketing helps to provide the needs and want to consumers based on the demograph gathered from them.
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In the decades following WWII, Japan transitioned from producing labor-intensive products to exporting high-technology products. This change was possible because the advantage in producing a product is not always ____ but instead can be ____
The change in Japanese production was possible of the advantage in producing a product is not always comparatively but instead can be an absolute advantage.
What is a producing advantage?This refers to advantage that an entity has in production of a product or services over its competitors.
While the comparative advantage means ability to produce at a lower opportunity cost, the absolute advantage means ability to produce more of a good or service than a competitor.
However, the change in Japanese production was possible of the advantage in producing a product is not always comparatively but instead can be an absolute advantage.
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Financial accounting and managerial accounting differ in terms of who uses the information. Financial accounting provides information primarily for ______.
Financial accounting and managerial accounting differ in terms of who uses the information. Financial accounting provides information primarily for investors and stakeholders.
What is financial accounting?Financial accounting involves having a detailed report of a company's financial transactions such as income and expenditure that can be presented or vetted by stakeholders.
Therefore, Financial accounting and managerial accounting differ in terms of who uses the information. Financial accounting provides information primarily for investors and stakeholders.
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