$6)$ Emphasis on the future is given equal weight by both managerial accounting and financial accounting.

$7)$ Companies should identify foreseeable risks before they occur rather than react to unfortunate events that have already happened.

$8)$ Lean production is a management approach that organizes resources such as people and machines around the flow of business processes and that produces units only in response to customer orders.

$9)$ An important part of planning is to identify alternatives and then to select from among the alternatives the one that best meets the organization's objectives.

$10)$ A value chain consists of the major business functions that add value to a company's products and services.

$11)$ Product harming customers is NOT a business risk.

$12)$ A customer value proposition is essentially a reason for customers to choose a company's products over its competitors' products.