Kaizen budgeting involves ________.
A) large cost reductions
B) management directed improvements
C) continual small cost reductions
D) continual small revenue increases

Question

Quizplus · Accepted Answer

Kaizen budgeting involves continual small cost reductions. It is a budgeting approach that focuses on improving processes and identifying and eliminating wasteful expenditures. Unlike traditional budgeting, which typically involves making large, one-time cuts to achieve budget targets, kaizen budgeting involves ongoing, incremental improvements to reduce costs over time.

Kaizen Budgeting Involves ________