Answered: E-commerce Just-in-time management…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Understanding today’s business environmentMatch the following terms to the appropriate statement. Some terms may be used more than once, and some terms may not be used at all.

a. A management system that focuses on maintaining lean inventories while producing products as needed by the customer.

b. A philosophy designed to integrate all organizational areas in order to provide customers with superior products and services while meeting organizational objectives.

c. Integrates all of a company’s functions, departments, and data into a single system.

d. Adopted by firms to conduct business on the Internet.

E-commerce
Just-in-time management (UIT)
Enterprise resource planning (ERP)
Total quality management (TQM)

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