The following is a list of terms related to managerial accounting practices. 1. Activity-based costing. 2. Just-in-time inventory. 3. Balanced scorecard. 4. Value chain. Match each of the terms with the statement below that best describes the term. Terms Description (a) A performance-measurement technique that attempts to consider and evaluate all aspects of performance using financial and nonfinancial measures in an integrated fashion. (b) The group of activities associated with providing a product or performing a service. (c) An approach used to reduce the cost associated with handling and holding inventory by reducing the amount of inventory on hand. (d) 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.