(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 finan- cial or managerial accounting decision. Remember that the classification of financial or managerial accounting depends on who the decision maker is. Explain your answer.

a. The price a manufacturer’s products should sell for.

b. Whether a loan should be made to a small business.

c. Whether a corporation has paid an appropriate amount of tax.