Question: Question 1 A student commented that Managerial Accounting is much more relevant and important to profit making organizations compared to non-profit organizations (such as governmental

Question 1 A student commented that "Managerial Accounting is much more relevant and important to profit making organizations compared to non-profit organizations (such as governmental institutions) as the existence of the latter is not related to profit making". How would you respond? Give some examples to support your point of view. Please provide your answer in a round half page

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