Match the descriptions that follow with the corresponding terms. Terms Descriptions 1. Activity-Based CostingBalanced ScorecardTotal Quality...

Match the descriptions that follow with the corresponding terms.

	Terms	Descriptions
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.

Expert Solution

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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)

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