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1. Long term planning is often referred to as reporting. A. True B. False 2. Preparers of managerial accounting information are generally NOT active participants

1. Long term planning is often referred to as reporting.
A. True
B. False
2. Preparers of managerial accounting information are generally NOT active participants in the decision making process.
A. True
B. False
3. All other things held equal, the more frequent the controlling activity, the faster an out of control process can be corrected.
A. True
B. False

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