One difference between nancial and managerial accounting is that the external users that use nancial 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.

a. true
b. false

FALSE

Explanation:Financial statements includes income statements, expenditure statement etc they are prepared following specified guidelines and are prepared to monitor and regulate the flow of funds within an organisation.

Managerial accounting is an accounting system designed to help managers take effective and efficient managerial decisions. THE EXTERNAL USERS OF FINANCIAL STATEMENTS ARE NOT MANDATED TO USE IT TO plan for the future THE INTERNAL USERS OF MANAGERIAL ACCOUNTING MUST NOT USE IT TO DECIDE TO

INVEST IN OR LEND TO A COMPANY.

they allow producers to sell their products more cheaply than foreign competitors. - ( c.)

explanation: doctrine of respondeat superior is a legal doctrine that is commonly used in tort. this principle makes an employer or principal legally responsible for the wrongful acts done by an employee or agent, if such acts occur within the scope of the employment or agency.