Matching
Match the following definitions with the appropriate terms
Premises:
An idea that rejects the notions of "good enough" and "acceptable" and challenges employees and managers to continually experiment with new and improved business practices.
Goods a company acquires to use in making products.
The ratio which computes how many times a company turns over its raw materials inventory in a period.
A system that acquires inventory and produces only when needed.
An approach that aids continuous improvement by augmenting financial measures with information on the drivers or indicators of future financial performance along the four dimensions of (1) financial; (2) customer; (3) internal business processes; (4) learning and growth.
Expenditures directly associated with the manufacture of finished goods; includes direct materials and direct labor.
An idea that means that employees understand the changing needs and wants of their customers and align their management and operating practices accordingly.
Products in the process of being manufactured but not yet complete.
A model whose goal is to eliminate waste while satisfying the customer and providing a positive return to the company.
An activity that provides financial and nonfinancial information to an organization's managers and other internal decision makers.
Responses:
Managerial accounting
Continuous improvement
Raw materials inventory
Customer orientation
Just-in-time manufacturing
Goods in process inventory
Lean business model
Balanced scorecard
Prime costs
Raw Materials Inventory Turnover
Correct Answer:
Premises:
Responses:
An idea that rejects the notions of "good enough" and "acceptable" and challenges employees and managers to continually experiment with new and improved business practices.
Goods a company acquires to use in making products.
The ratio which computes how many times a company turns over its raw materials inventory in a period.
A system that acquires inventory and produces only when needed.
An approach that aids continuous improvement by augmenting financial measures with information on the drivers or indicators of future financial performance along the four dimensions of (1) financial; (2) customer; (3) internal business processes; (4) learning and growth.
Expenditures directly associated with the manufacture of finished goods; includes direct materials and direct labor.
An idea that means that employees understand the changing needs and wants of their customers and align their management and operating practices accordingly.
Products in the process of being manufactured but not yet complete.
A model whose goal is to eliminate waste while satisfying the customer and providing a positive return to the company.
An activity that provides financial and nonfinancial information to an organization's managers and other internal decision makers.
Premises:
An idea that rejects the notions of "good enough" and "acceptable" and challenges employees and managers to continually experiment with new and improved business practices.
Goods a company acquires to use in making products.
The ratio which computes how many times a company turns over its raw materials inventory in a period.
A system that acquires inventory and produces only when needed.
An approach that aids continuous improvement by augmenting financial measures with information on the drivers or indicators of future financial performance along the four dimensions of (1) financial; (2) customer; (3) internal business processes; (4) learning and growth.
Expenditures directly associated with the manufacture of finished goods; includes direct materials and direct labor.
An idea that means that employees understand the changing needs and wants of their customers and align their management and operating practices accordingly.
Products in the process of being manufactured but not yet complete.
A model whose goal is to eliminate waste while satisfying the customer and providing a positive return to the company.
An activity that provides financial and nonfinancial information to an organization's managers and other internal decision makers.
Responses:
Related Questions
Q193: A _ cost contains a combination of
Q197: A _ cost has already been incurred
Q198: A _ cost changes in proportion to
Q198: Match the following definitions with the appropriate
Q199: A _ cost does not change in
Q222: _ inventory consists of goods a company
Q225: Expenditures that flow directly to the current
Q231: Expenditures incurred in the process of converting
Q237: Expenditures necessary and integral to the manufacture
Q242: Expenditures directly associated with the manufacture of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents