1- The primary users of management accounting information are ________.

a. bankers

b. governmental regulatory bodies

c. managers in organizations

d. managerial accountants

2- Which statement regarding fixed costs is TRUE?

a. Both discretionary and committed fixed costs preserve management's flexibility.

b. Committed fixed costs preserve management's flexibility.

c. Discretionary fixed costs preserve management's flexibility.

d. Discretionary fixed costs limit management's flexibility.