The following is a list of terms related to managerial accounting practices. 1 2. Activity based costing Just-in-time inventory Balanced Scorecard Value chain 3 4. Match each of the terms with the statement below that best describes the term Terms (a) Description 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 (b) to 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 (d)