1. A philosophy designed to integrate all organizational areas in order to provide customers with superior products and services while meeting organizational objectives. Requires improving quality and eliminating defects and waste. a. ERP b. JIT c. E-commerce 2. Use of the Internet for business functions such as sales and customer d. TQM service. Enables companies to reach customers around the world. e. Triple bottom line 3. Evaluating a company's performance by its economic, social, and environmental impact. 4. Software system that integrates all of a company's functions, departments, and data into a single system. 5. A system in which a company produces products just when they are needed to satisfy needs. Suppliers deliver materials when they are needed to begin production, and finished units are completed the right time for delivery to customers.

Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter28: The Balanced Scorecard And Corporate Social Responsibility
Section: Chapter Questions
Problem 1PB: Instructions 1.Based on the balanced scorecard and the following descriptions of the predicted...
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Matching business trends terminology

Match the term with the correct definition.

1. A philosophy designed to integrate all organizational areas in order
to provide customers with superior products and services while
meeting organizational objectives. Requires improving quality and
eliminating defects and waste.
a. ERP
b. JIT
c. E-commerce
2. Use of the Internet for business functions such as sales and customer d. TQM
service. Enables companies to reach customers around the world.
e. Triple bottom line
3. Evaluating a company's performance by its economic, social, and
environmental impact.
4. Software system that integrates all of a company's functions,
departments, and data into a single system.
5. A system in which a company produces products just when they are
needed to satisfy needs. Suppliers deliver materials when they are
needed to begin production, and finished units are completed
the right time for delivery to customers.
Transcribed Image Text:1. A philosophy designed to integrate all organizational areas in order to provide customers with superior products and services while meeting organizational objectives. Requires improving quality and eliminating defects and waste. a. ERP b. JIT c. E-commerce 2. Use of the Internet for business functions such as sales and customer d. TQM service. Enables companies to reach customers around the world. e. Triple bottom line 3. Evaluating a company's performance by its economic, social, and environmental impact. 4. Software system that integrates all of a company's functions, departments, and data into a single system. 5. A system in which a company produces products just when they are needed to satisfy needs. Suppliers deliver materials when they are needed to begin production, and finished units are completed the right time for delivery to customers.
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