Activity-based costing O strives to create an environment that will enable workers to manufacture zero-defect products. O is the process of choosing among competing alternatives. O was established in response to financial scandals. O encourages process-value analysis. QUESTION 2 Financial accounting O is concerned with the information about the firm as a whole. O has to adhere to GAAP policies. O focuses on external users. O all of these are correct QUESTION 3 Managerial accounting is primarily for external users. has no mandatory rules. o provides information based on historical information. must adhere to GAAP