Match the Following Terms to the Appropriate Definitions

question 153

Multiple Choice

Match the following terms to the appropriate definitions.

-Reveals how many times a company sells its raw materials inventory during a period.

• A)Managerial accounting
• B)Continuous improvement
• C)Raw materials inventory
• D)Customer orientation
• E)Just-in-time manufacturing
• F)Goods in process inventory
• G)Lean business model
• H)Balanced scorecard
• I)Prime costs
• J)Raw materials inventory turnover

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Definitions:

Presidential Election

A process in which citizens or their elected representatives vote to select the president of a country.

Federalist Party

A political party in the early United States that favored a strong central government and a loose interpretation of the Constitution.

Thomas Jefferson

The third President of the United States (1801–1809), principal author of the Declaration of Independence (1776), and an influential Founding Father known for his promotion of the ideals of republicanism.

Federal Power

The authority and capabilities possessed by the federal government, as distinguished from the powers held by state or local governments.