Exercise 19-18 Choose the appropriate terms for the statement below that best de

ID: 2408105 • Letter: E

Question

Exercise 19-18 Choose the appropriate terms for the statement below that best describes the term A performance-measurement technique that attempts to consider and evaluate all aspects of performance using financial and nonfinancial measures in an integrated fashion. The group of activities associated with providing a product or performing a service. An approach used to reduce the cost associated with handling and holding inventory by reducing the amount of inventory on hand. 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. LINK TO TEXT

Explanation / Answer

(a)

Balanced scorecard.

A performance-measurement technique that attempts to consider and evaluate all aspects of performance using financial and nonfinancial measures in an integrated fashion

(b)

Value chain

The group of activities associated with providing a product or performing a service

(c)

Just-in-time inventory

An approach used to reduce the cost associated with handling and holding inventory by reducing the amount of inventory at hand

(d)

Activity-based costing

A method used to allocate the overhead to products based on each products use of activities that cause the incurrence of the overhead cost