A mandate to reduce costs,increase product quality,and/or improve production processes through continuous improvement is known as
A)kaizen costing.
B)activity-based costing.
C)the theory of constraints.
D)mass customization.

Question

Quizplus · Accepted Answer

A mandate to reduce costs, increase product quality, and improve production processes through continuous improvement is known as kaizen costing. Kaizen is a Japanese term that translates to "continuous improvement," and it is a philosophy that emphasizes making small, incremental changes to processes and systems in order to achieve greater efficiency and effectiveness. Kaizen costing is a method of cost management that involves identifying and eliminating waste, reducing non-value-added activities, and improving workflow and productivity through constant, incremental improvements.

A Mandate to Reduce Costs,increase Product Quality,and/or Improve Production Processes