1.11 Match the term with the correct definition 1. A philosophy designed to integrate all organizational areas to provide customers with superior products and services in achieving organizational goals. It requires improving quality and eliminating defects and waste A. ERP 2. Use the internet for business functions such as sales and customer service. It allows companies to reach customers around the world. B. JIT 3. Evaluation of a company's performance by economic, social and environmental impact. C. E-commerce   4. Software system that integrates all company functions, departments and data into a single system. D. Total quality management 5. A system in which the company produces products exactly when they are needed to meet needs. Suppliers deliver materials when they are required to start the production process and finished products are completed at the right time for delivery to customers. E. Three pillars

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

1.11 Match the term with the correct definition

1. A philosophy designed to integrate all organizational areas to provide customers with superior products and services in achieving organizational goals. It requires improving quality and eliminating defects and waste

A. ERP

2. Use the internet for business functions such as sales and customer service. It allows companies to reach customers around the world.

B. JIT

3. Evaluation of a company's performance by economic, social and environmental impact.

C. E-commerce

 

4. Software system that integrates all company functions, departments and data into a single system.

D. Total quality management

5. A system in which the company produces products exactly when they are needed to meet needs. Suppliers deliver materials when they are required to start the production process and finished products are completed at the right time for delivery to customers.

E. Three pillars

Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education