Match the descriptions that follow with the corresponding terms. Descriptions: 1. All activities associated with providing a
Question:
Match the descriptions that follow with the corresponding terms.
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Descriptions: 1. All activities associated with providing a product or service. 2. A method of allocating overhead based on each product's use of activities in making the product. Systems implemented to reduce defects in finished products with the goal of achieving zero defects. 4. 3. A performance-measurement ap- proach that uses both financial and nonfi- nancial measures, tied to company objec- tives, to evaluate a company's operations in an integrated fashion. 5. Inventory system in which goods are manufactured or purchased just as they are needed for use. Terms: a. Activity-based costing b. Balanced scorecard c. Just-in-time (JIT) inventory d. Total quality management (TQM) e. Value chain
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Related Book For
Financial And Managerial Accounting
ISBN: 9781118004234
1st Edition
Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt
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