One Difference Between Financial and Managerial Accounting Is That the External

question 107

True/False

One difference between financial and managerial accounting is that the external users that use financial information must plan a company's future, but the internal users of managerial accounting information generally must decide whether to invest in or lend to a company.

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Definitions:

Kant

Immanuel Kant, an 18th-century German philosopher known for his work on epistemology, ethics, and aesthetics.

Means to Achieve

Methods or strategies utilized to accomplish a specific goal or objective.

Carol Gilligan

An American feminist, ethicist, and psychologist best known for her work on ethical relationships and gender differences in moral reasoning.

Personal Moral Responsibility

The obligation of an individual to act in accordance with ethical principles and to be accountable for their own actions.