TRUE/FALSE. Write T' if the statement is true and 'F' if the statement is false. 17) Managerial accounting focuses on providing information for internal planning and control. 15) Which of the following correctly describes Just-in-Time (JIT) Management? A) It is a production approach that maintains surplus goods at each stage of manufacture. B) It is an inventory approach that stockpiles raw materials to protect against supply interruptions. C) It helps managers cut costs by speeding the transformation of raw materials into finished products.. D) It is a cost management approach that focuses on maintaining large finished goods inventory levels