The concept of "continuous improvement" is an effective method of examining costs because ______ .
A)it is a method to ensure that production will increase
B)staff understand that their job could change at any time
C)costs will be analyzed on an ongoing basis
D)it ensures that the product will improve over time

Question

Quizplus · Accepted Answer

The concept of continuous improvement involves analyzing costs on an ongoing basis, which allows for identifying areas of inefficiencies or waste in the production process that can be improved upon. This can lead to cost savings and ultimately improve profitability. The other options, such as increasing production or improving the product, may or may not be a part of continuous improvement, but they are not directly related to examining costs.

The Concept of "Continuous Improvement" Is an Effective Method of Examining