The following is a list of terms related to
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.
Identify various managerial accounting practices.
(LO 4), C
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