Which one of the following is a budgeting approach that explicitly demands continuous improvement and incorporates all the expected improvements in the resultant budget?

Question

Quizplus · Accepted Answer

Kaizen budgeting is a budgeting approach that demands continuous improvement and incorporates all the expected improvements in the resultant budget. It involves setting incremental improvement objectives and calculating the cost of achieving each objective. This method encourages managers to continuously improve through incremental changes, which helps to minimize costs and improve efficiency. Therefore, the best choice is option D.

Which One of the Following Is a Budgeting Approach That