Solved

Match the Appropriate Definitions with the Correct Terms

Question 172

Matching

Match the appropriate definitions with the correct terms.

Premises:

Responses:

Exchange of information with suppliers to reduce costs, improve quality, and speed delivery of goods and services from suppliers to the company itself and on to customers.

SOX

A philosophy and business strategy of manufacturing without waste.

ERP

Software systems that can integrate all of a company’s worldwide functions, departments, and data into a single system.

Supply-Chain Management

A data tagging system that enables companies to release financial and business information in a format that can be accessed over the internet.

JIT

An organization which supports and issues quality-related certifications.

IFRS

Set of standards which may be adopted for all publicly traded companies and may differ from GAAP.

Lean production

A congressional act that enhances internal control and financial Reporting requirements and establishes new regulatory requirements for publicly traded companies and their independent auditors.

ISO

A system where production is triggered by orders (demand).

XBRL

Premises:

Exchange of information with suppliers to reduce costs, improve quality, and speed delivery of goods and services from suppliers to the company itself and on to customers.

A philosophy and business strategy of manufacturing without waste.

Software systems that can integrate all of a company’s worldwide functions, departments, and data into a single system.

A data tagging system that enables companies to release financial and business information in a format that can be accessed over the internet.

An organization which supports and issues quality-related certifications.

Set of standards which may be adopted for all publicly traded companies and may differ from GAAP.

A congressional act that enhances internal control and financial Reporting requirements and establishes new regulatory requirements for publicly traded companies and their independent auditors.

A system where production is triggered by orders (demand).

Responses:

SOX

ERP

Supply-Chain Management

JIT

IFRS

Lean production

ISO

XBRL

Correct Answer:

Premises:

Responses:

Exchange of information with suppliers to reduce costs, improve quality, and speed delivery of goods and services from suppliers to the company itself and on to customers.

A philosophy and business strategy of manufacturing without waste.

Software systems that can integrate all of a company’s worldwide functions, departments, and data into a single system.

A data tagging system that enables companies to release financial and business information in a format that can be accessed over the internet.

An organization which supports and issues quality-related certifications.

Set of standards which may be adopted for all publicly traded companies and may differ from GAAP.

A congressional act that enhances internal control and financial Reporting requirements and establishes new regulatory requirements for publicly traded companies and their independent auditors.

A system where production is triggered by orders (demand).