Choose four of the terms/techniques listed below and for each one:

i) Explain the meaning of the term/technique

ii) Give two examples of its application.

ii) Explain some of the practical limitations of which users should be aware with regard to the term/technique.

Minimum 150 words of each term/technique

a) environmental cost management

b) .product probability analysis

c) responsibility accounting

d) just in time

e) internal rate of return .

f) job costing .