Managerial accounting is primarily focused on Select one: O A. following generally accepted accounting principles. B. providing internal special-purpose information and reports. O C. providing information for internal and external users. D. providing general purpose financial statements. Which of the following phrases is most descriptive of financial accounting? Select one: A. Subject to cost-benefit analysis B. Future oriented O C. Follows GAAP O D. May measure time or customer satisfaction Which of the following phrases is primarily relevant to managerial accounting as opposed to financial accounting? Select one: O A. Helping managers make decisions B. Summarizing information about past events o C. Calculating earnings per share for shareholders D. Preparing periodic financial statements According to Michael Porter, which of the following is an example of product or service differentiation as a business strategy? a Select one: A. An online bookseller utilizing efficient scale facilities and overhead cost control. B. A regional beer brewer that caters to local tastes. C. A manufacturer focused on designing and building corporate jet aircraft. D. An automobile manufacturer that focuses on the rapid introduction of technological change in new automobile design. a O Product or service differentiation involves Select one: A. any changes made to a product or service. B. creating something that is perceived as unique and worth a premium price. C. the use of new technologies in manufacturing. D. shifting sales to growing markets