EXTRA CREDIT: Match the descriptions that follow with the corresponding terms. Descriptions: Terms: Inventory system in which goods are manufactured or purchased just as they are needed for sale. A method of allocating overhead based on each product's use of activities in making the product. Systems that are especially important to firms adopting just-in-time inventory methods. Part of the value chain for a manufacturing company. The U.S. economy is trending toward this. A performance-measurement approach that uses both financial and nonfinancial measures, tied to company objectives, to evaluate a company's operations in an integrated fashion. Requires that top managers certify that the company maintains an adequate system of internal controls over financial reporting. Activity-based costing. Balanced scorecard. Total quality management (TQM). Research and development, and product design. Service industries. Just-in-time (JIT) inventory. Sarbanes-Oxley Act (SOX).

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter1: Accounting As A Tool For Managers
Section: Chapter Questions
Problem 26MC: An inventory system that organizations use to increase efficiency and decrease waste is...
icon
Related questions
Question
not use ai please don't
EXTRA CREDIT: Match the descriptions that follow with the
corresponding terms.
Descriptions:
Terms:
Inventory system in which goods are manufactured or
purchased just as they are needed for sale.
A method of allocating overhead based on each
product's use of activities in making the product.
Systems that are especially important to firms
adopting just-in-time inventory methods.
Part of the value chain for a manufacturing company.
The U.S. economy is trending toward this.
A performance-measurement approach that uses both
financial and nonfinancial measures, tied to company
objectives, to evaluate a company's operations in an
integrated fashion.
Requires that top managers certify that the company
maintains an adequate system of internal controls over
financial reporting.
Activity-based costing.
Balanced scorecard.
Total quality management (TQM).
Research and development, and product design.
Service industries.
Just-in-time (JIT) inventory.
Sarbanes-Oxley Act (SOX).
Transcribed Image Text:EXTRA CREDIT: Match the descriptions that follow with the corresponding terms. Descriptions: Terms: Inventory system in which goods are manufactured or purchased just as they are needed for sale. A method of allocating overhead based on each product's use of activities in making the product. Systems that are especially important to firms adopting just-in-time inventory methods. Part of the value chain for a manufacturing company. The U.S. economy is trending toward this. A performance-measurement approach that uses both financial and nonfinancial measures, tied to company objectives, to evaluate a company's operations in an integrated fashion. Requires that top managers certify that the company maintains an adequate system of internal controls over financial reporting. Activity-based costing. Balanced scorecard. Total quality management (TQM). Research and development, and product design. Service industries. Just-in-time (JIT) inventory. Sarbanes-Oxley Act (SOX).
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Principles of Cost Accounting
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Cornerstones of Cost Management (Cornerstones Ser…
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Century 21 Accounting General Journal
Century 21 Accounting General Journal
Accounting
ISBN:
9781337680059
Author:
Gilbertson
Publisher:
Cengage
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning