Share
Explore BrainMass

Managerial Accounting: Match 4 terms to narrative statements

The following is a list of terms related to managerial accounting practices.
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 non financial measures in an integrated
fashion.
(b) ____ The group of activities associated with providing a product or 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 incurred of the overhead cost.

Solution Preview

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 ...

Solution Summary

The terms are matched with no additional information because the descriptions presented are really quite good.

$2.19