Showing candidates a short video and asking them to choose one of five responses is an example of which external assessment method?

Which of the following statements about managerial accounting is incorrect?

a. Managerial accounting information is used primarily by managers within the organization. b. Managerial accounting information is prepared in accordance with rules established by outsiders (generally accepted accounting principles [GAAP]). c. Managerial accounting is primarily forward looking, as opposed to focusing on historical information. d. Managerial accounting information is used both at the organizational level and at the sub-unit (department) level. e. Budgets are an important managerial accounting tool

The higher the accounts receivable turnover, the lower the average collection period

Indicate whether the statement is true or false