1. How have many companies significantly lowered inventorylevels and costs?
Question 1 options:

They have a just-in-time method.

They use activity-based costing.

They focus on a total quality management system.

They utilize a balanced scorecard system.

2.What term describes all activities associated with providing aproduct or service?
Question 2 options:

The product chain

The manufacturing chain

The supply chain

The value chain

3.Which one of the following managerial accounting approachesattempts to allocate manufacturing overhead in a more meaningfulfashion?
Question 3 options:

Balanced scorecard

Total-quality management

Activity-based costing

Just-in-time inventory

4.What is "balanced" in the balanced scorecard approach?
Question 4 options:

The emphasis on financial and non-financial performancemeasurements

The number of defects found on each product

The amount of costs allocated to products

The number of products produced

5. Which one of the following characteristics would likely beassociated with a just-in-time inventory method?
Question 5 options:

Ending inventory of work in process that would allow severalproduction runs

An understanding with customers that they may come to the showroomand select from inventory on hand

A backlog of inventory orders not yet shipped

Minimal finished goods inventory on hand