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Unformatted text preview: E1-18 E1-18 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 nonfinancial 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 incurrence of the overhead cost. Answers
1) D 2) C 3) A 4) B ...
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