Consider the following decisions that a stakeholder of an entity might have to make. For each decision, identify the stakeholder who would likely be making the decision and indicate whether the decision would be considered a financial or managerial accounting decision. Remember that the classification as financial or managerial accounting depends on who the decision maker is. Explain your answers.

a. Evaluate whether a company should purchase a part used in the production of its product or make the part itself.

b. Assess whether goods should be sold to a customer on credit or whether cash should be paid on delivery.

c. Determine whether a company should purchase a competitor.