Kaizen budgets:
A) Are the same as traditional budgets
B) Include cost reduction and quality improvements in the budgeting process
C) Are prepared month by month
D) Do not include revenues

Question

Quizplus · Accepted Answer

Kaizen budgets differ from traditional budgets in that they include cost reduction and quality improvement as an integral part of the budgeting process. The focus is on continuous improvement, so these budgets are prepared month by month, and they include both revenues and expenses.

Kaizen Budgets