Now that the difference between financial and managerial accounting has been established, do you think both types of accounting are necessary to make strategic business decisions? Why, or why not? 

 

There is growing concern about poverty and income inequality. These two concepts, however, are not the same. Income inequality deals with the percentage of income earned by the different income groups, while poverty is concerned with how difficult it is for the poor to meet basic needs. In Section1.3, you read about deontological and consequential approaches to …