Home / Questions / Match the appropriate terms with the correct definitions. Definition Term 1. ___
Match the appropriate terms with the correct definitions.
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Definition |
Term |
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1. _____ Exchange of information with suppliers to reduce costs, improve quality, and speed delivery of goods and services from suppliers to the company itself and on to customers.
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a. SOX |
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2. _____ A philosophy and business strategy of manufacturing without waste.
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b. ERP |
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3. _____ Software systems that can integrate all of a company’s worldwide functions, departments, and data into a single system.
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c. Supply-Chain Management |
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4. _____ A data tagging system that enables companies to release financial and business information in a format that can be accessed over the internet.
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d. JIT |
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5. _____ An organization which supports and issues quality-related certifications.
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e. IFRS |
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6. _____ Set of standards which may be adopted for all publicly traded companies and may differ from GAAP.
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f. Lean production |
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7. _____ A congressional act that enhances internal control and financial Reporting requirements and establishes new regulatory requirements for publicly traded companies and their independent auditors.
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g. ISO |
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8. _____ A system where production is triggered by orders (demand).
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h. XBRL |
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