True / False Questions 1. Managerial accounting information is designed primarily to assist investors and creditors in deciding how to allocate scarce resources. True False 2. All internal control systems need to be monitored. True False 3. Management accounting information is oriented toward the future while financial accounting information is historical in nature. True False 4. Return on investment is the same as return of investment. True False 5. The IRS tax return is one of the primary financial statements. True False
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