The following is a list of terms related to managerial accounting practices.

$1$ Activity$-$based costing.

$2.$ Just$-$in$-$time inventory.

$3.$ Balanced scorecard.

$4.$ Value chain.

Match each of the terms with the statement below that best describes the term.

Terms

$($a$)$

$($b$)$

$($c$)$

$($d$)$

Actlvity$-$based Costing Balanced Scorecard

eTextk Just$-$In$-$tl me Inventory value Chain

A performance$-$measurement technique that attempts to consider and evaluate all aspects of performance using financial and nonfinancial measures in an integrated fashion.

The group of activities associated with providing a product or performing a service.

An approach used to reduce the cost associated with handling and holding inventory by reducing the amount of inventory on hand.

A method used to allocate overhead to products based on each product's use of the activities that cause the incurrence of the overhead cost.

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