Managerial Accounting Focuses on Providing Information for External Decision Makers

question 8

True/False

Managerial accounting focuses on providing information for external decision makers.

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Definitions:

External Input Device

An external input device is any hardware device outside of the core system that provides input, such as a keyboard, mouse, or sensor.

External Output Device

A hardware component outside of the main computing device, such as a printer or a monitor, that receives data for display, printing, or other forms of output.

Solenoid

A solenoid is an electromagnetic device with a coil of wire that creates a magnetic field when electric current is passed through, often used to actuate a mechanical device.

Thermocouple

A type of sensor used to measure temperature, consisting of two different conductors that produce a voltage in response to a temperature change.