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Complete the following sentences by matching the definitions with the correct terms: square is an approach to control costs by trying continually to make cost savings from one time period to the next during the manufacturing and production stage of the product life cycle. square is a technique for relating overheads to specific production or provision of a service based on the fact that overheads do not just occur but are caused by activities (cost drivers) square a strategic management tool that integrates financial and non-financial measures of performance in a single concise report for the purpose of incorporating performance management within the strategic management process.

Question

Complete the following sentences by matching the definitions with the correct terms:
square  is an approach to control costs by trying continually to make
cost savings from one time period to the next during the manufacturing and production
stage of the product life cycle.
square  is a technique for relating overheads to specific production
or provision of a service based on the fact that overheads do not just occur but are caused
by activities (cost drivers)
square  a strategic management tool that integrates financial and
non-financial measures of performance in a single concise report for the purpose of
incorporating performance management within the strategic management process.

Complete the following sentences by matching the definitions with the correct terms: square is an approach to control costs by trying continually to make cost savings from one time period to the next during the manufacturing and production stage of the product life cycle. square is a technique for relating overheads to specific production or provision of a service based on the fact that overheads do not just occur but are caused by activities (cost drivers) square a strategic management tool that integrates financial and non-financial measures of performance in a single concise report for the purpose of incorporating performance management within the strategic management process.

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PercyMaster · Tutor for 5 years

Answer

- Kaizen Costing<br />- Activity-Based Costing<br />- Balanced Scorecard

Explain

## Step1: <br />We need to interpret each definition provided in the sentences accurately first. After careful examination, we can recognize that each of them describes the characteristic or role of some specific business concepts.<br /><br />## Step2: <br />The first definition is referring to an approach aiming at maintaining control on cost savings during manufacturing and production, which sounds like it's talking about the technique-Kaizen Costing, a method dedicated to the improvement of productivity through continual efforts.<br /><br />## Step3: <br />For the second sentence, the method that typically uses cost drivers to allocate overhead costs is referred to as Activity-Based Costing (ABC). This technique seeks to divide overhead costs such that each product or service bears its direct share of cost. <br /><br />## Step4:<br />In the last sentence, the procedure of merging financial and non-financial performance measurements for the aim of strategic management is trait of Balancer Scorecard, which allows an organization alignment to its vision and strategy and suitable operational adjustments.
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