(Consider the decisions stakeholders make and the nature of the information they require, LO 1, 2) Consider the following decisions that a stakeholder of an entity might have to make. For each decision, identify the stakeholder who would likely be making the decision and indicate whether the decision would be considered a financial or managerial accounting decision. Remember that the classification of financial or managerial accounting depends on who the decision maker is. Explain your answer.

a. Whether a local clothing store should move to a larger location so that it could sell a wider range of clothes.

b. Whether to purchase the shares of a large oil company.

c. Whether unionized employees should receive a significant wage increase.