6. Which of the following managerial functions involves a detailed financial and operational description of anticipated operations? A. Decision making. B. Planning C. Directing operational activities. D. Controlling 7. The role of managerial accounting information in assisting management is a(n): A. financial-directing role. B. attention-directing role. C. planning and controlling role. D. organizational role. 8. Which of the following would likely be considered an internal user of accounting information rather than an external user? A. Stockholders. B. Consumer groups. C. Lenders. D. Middle-level managers. 9. Financial accounting focuses primarily on reporting: A. to parties outside of an organization. B. to parties within an organization. C. to an organization's board of directors. D. to financial institutions. 10. Which of the following statements represents a similarity between financial and managerial accounting? A. Both are useful in providing information for external users. B. Both are governed by GAAP. C. Both draw upon data from an organization's accounting system. D. Both rely heavily on published financial statements