E$19\mathrm{.}19($LO $4),$ C The following is a list of terms related to managerial accounting practices.

$1.$ Activity$-$based costing.

$2.$ Just$-$in$-$time inventory.

$3.$ Balanced scorecard.

$4.$ Value chain.

Instructions

Match each of the terms with the statement below that best describes the term.

a$.\_\_\_\_\_\_$ A performance$-$measurement technique that attempts to consider and evaluate all aspects of

performance using financial and nonfinancial measures in an integrated fashion.

b$.\_\_\_\_\_\_$ The group of activities associated with providing a product or performing a service.

c$.\_\_\_\_\_\_$ An approach used to reduce the cost associated with handling and holding inventory by

reducing the amount of inventory on hand.

d$.\_\_\_\_\_\_$ A method used to allocate overhead to products based on each product$$s use of the activities

that cause the incurrence of the overhead cost.