Positions that have direct responsibility for the basic objectives of an organization are referred to as line positions. True False Virtually all managerial accounting practices were developed to assist managers in maximizing profits. True False The belief that each member of a group bears no responsibility for the well-being of other members is a common principle underlying all ethical systems. True Falso The four emphasized areas of the CMA examination reflect the needs of managerial accounting and Highlights that managerial accounting has more of an interdisciplinary flavor than other areas of accounting. True False Which of the following is not an objective of managerial accounting? a. To provide information for effective decision making by the management of a company b. To provide information for planning an organization's action c. To produce information for external users, including investors, creditors, customers, suppliers, and government agencies d. To provide information for evaluating and continuously improving an organization's actions