State whether the following statements are true or false. If false, explain why.

(a) Strategic management accounting looks at both the internal and external environments of a business.

(b) The cost of activities in value chain analysis is determined by key cost drivers.

(c) The product portfolio matrix consists of dogs, cats, cows and horses.

(d) The balanced scorecard uses only financial information.

(e) SWOT analysis stands for strengths, weaknesses, openings and threats.