1. Match each of the following terms with the most appropriate definition. Place a number (1-8) in the blank to the right of each definition. 1. Risk 2. Liabilities 3. Net income 4. Expenses 5. Managerial accounting 6. Planning 7. Return on assets 8. Financial accounting a. A financial ratio useful in evaluating management, analyzing and forecasting profits, and planning activities b. Area of accounting aimed at serving external users c. Costs of assets or services used to earn revenues d. The uncertainty about the expected return to be earned e. Creditor's claims on a company's assets f. Defining the idea, goals, and actions of an organization g. The excess of revenue over expenses h. Area of accounting aimed at serving the decision making needs of internal users. 2. The following is a list of selected users of accounting information. Match the user to the following information needs. Place the number of the user in the blank to the right of each need. 1. Production Managers 2. Lenders 3. Suppliers 4. Employees 5. Shareholders Judge the soundness of a customer before making sales on credit Measuring risk and return of loans. Assessing the risk and return of acquiring shares. Monitor costs and ensure quality Assessing employment opportunities