In: Accounting
Match the descriptions that follow with the corresponding
terms.
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Terms |
Descriptions |
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| 1. |
Activity-Based CostingBalanced ScorecardTotal Quality Management (TQM)Research and Development, and Product DesignService IndustriesJust-In-Time (JIT) InventorySarbanes-Oxley Act (SOX)Global Reporting Initiative |
Inventory system in which goods are manufactured or purchased just as they are needed for sale. | ||
| 2. |
Activity-Based CostingBalanced ScorecardTotal Quality Management (TQM)Research and Development, and Product DesignService IndustriesJust-In-Time (JIT) InventorySarbanes-Oxley Act (SOX)Global Reporting Initiative |
A method of allocating overhead based on each product’s use of activities in making the product. | ||
| 3. |
Activity-Based CostingBalanced ScorecardTotal Quality Management (TQM)Research and Development, and Product DesignService IndustriesJust-In-Time (JIT) InventorySarbanes-Oxley Act (SOX)Global Reporting Initiative |
Systems that are especially important to firms adopting just-in-time inventory methods. | ||
| 4. |
Activity-Based CostingBalanced ScorecardTotal Quality Management (TQM)Research and Development, and Product DesignService IndustriesJust-In-Time (JIT) InventorySarbanes-Oxley Act (SOX)Global Reporting Initiative |
Provides guidelines for companies to describe their sustainable business practices to external parties. | ||
| 5. |
Activity-Based CostingBalanced ScorecardTotal Quality Management (TQM)Research and Development, and Product DesignService IndustriesJust-In-Time (JIT) InventorySarbanes-Oxley Act (SOX)Global Reporting Initiative |
Part of the value chain for a manufacturing company. | ||
| 6. |
Activity-Based CostingBalanced ScorecardTotal Quality Management (TQM)Research and Development, and Product DesignService IndustriesJust-In-Time (JIT) InventorySarbanes-Oxley Act (SOX)Global Reporting Initiative |
The U.S. economy is trending toward this. | ||
| 7. |
Activity-Based CostingBalanced ScorecardTotal Quality Management (TQM)Research and Development, and Product DesignService IndustriesJust-In-Time (JIT) InventorySarbanes-Oxley Act (SOX)Global Reporting Initiative |
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. | ||
| 8. |
Activity-Based CostingBalanced ScorecardTotal Quality Management (TQM)Research and Development, and Product DesignService IndustriesJust-In-Time (JIT) InventorySarbanes-Oxley Act (SOX)Global Reporting Initiative |
Requires that top managers certify that the company maintains an adequate system of internal controls. |
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| Inventory system in which goods are manufactured or purchased just as they are needed for sale. | Just-In-Time (JIT) |
| A method of allocating overhead based on each product’s use of activities in making the product. | Activity-Based Costing |
| Systems that are especially important to firms adopting just-in-time inventory methods. | Total Quality Management (TQM) |
| Provides guidelines for companies to describe their sustainable business practices to external parties. | Global Reporting Initiative |
| Part of the value chain for a manufacturing company. | Research and Development, and Product Design |
| The U.S. economy is trending toward this. | Service Industries |
| 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. | Balanced Scorecard |
| Requires that top managers certify that the company maintains an adequate system of internal controls. | Sarbanes-Oxley Act (SOX) |