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:

Human Resource Approach

A management perspective focusing on the recruitment, management, and direction of people in an organization to maximize their potential and achieve organizational objectives.

Dynamic Organisations

Dynamic organisations are those characterized by their ability to adapt rapidly and efficiently to changes in the external environment, technology, or market demands.

Self-Interest

The focus on one's own advantages and well-being without necessarily considering the welfare of others.

International Dimensions

Aspects or considerations related to global operations and interactions, including cultural, economic, legal, and political differences across countries.