1. Management accounting is a planning, controlling, and decision-making tool. Consider the features of management accounting and respond to the following: Do you agree that management accounting provides economic information for all interested parties? What other types of information does management accounting provide? Explain with examples. 2. Decision making is one of the many functions that managers have to perform. Consider the functions of management and respond to the following: Do you think that decision making is the most important function of management? Explain by comparing the decision-making function with any other managerial function (i.e. planning, organizing, leading, controlling, etc.).