Complete the following statements with one of the terms listed here. You may use a term more

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Complete the following statements with one of the terms listed here. You may use a term more than once, and some terms may not be used at all.
Complete the following statements with one of the terms listed

a. ________________ is a language that utilizes a standardized coding system companies use to tag each piece of financial and business information in a format that can be quickly and efficiently accessed over the internet.
b. ________________ involves the exchange of information with suppliers to reduce costs, improve quality, and speed delivery of goods and services from suppliers to the company and its customers.
c. The ________________ was enacted to restore trust in publicly traded corporations, their management, their financial statements, and their auditors.
d. The goal of _______ is to meet customers€™ expectations by providing them with superior products and services by eliminating defects and waste throughout the value chain.
e. Most of the costs of adopting ERP, expanding into a foreign market, or improving quality are incurred in the _______; but most of the benefits occur in the _______.
f. _______ is the time between buying raw materials and selling the finished products.
g. _______ serves the information needs of people in accounting as well as people in marketing and in the warehouse.
h. Firms adopt _______ to conduct business on the internet.
i. Firms acquire the _______ certification to demonstrate their commitment to quality.
j. _____________ is a philosophy that embraces the concept that the lower the company€™s waste, the lower the company€™s costs.
k. ____________ is a data-tagging system that enables companies to release financial and business information in a format that can be quickly, efficiently, and cost-effectively accessed, sorted, and analyzed over the internet.
l. Canadian companies are expected to adopt _______________ for all publicly traded companies by 2011, which differs from the ASPE that companies are currently required to use.
m. Toyota first pioneered an inventory philosophy in which a product is manufactured ____________ to fill customer orders; companies are able to substantially reduce the quantity of raw materials and finished goods inventories.
n. _________________ is a management philosophy of delighting customers with superior products and services by continually setting higher goals and improving the performance of every business function.

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Managerial Accounting

ISBN: 12

2nd Edition

Authors: Karen Braun, Linda S Bamber

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