The following items represent terms and trends in managerial accounting.

(1) Activity-based costing

(2) Activity-based management

(3) Just-in-time production

(4) Total quality management

(S) Enterprise resource planning

(6) Planning and control functions Required Match each item listed above with the most accurate description below.

a. Produces goods when customers need them while minimizing inventory levels.

b. Systems designed to record and share information across functional and geographical areas.

c. Provides a way to analyze activities in the production process with the goal of assigning costs first to activities, then to products.

d. Provides a way to identify costly activities and to make those activities more efficient.