Kaizen budgeting is designed to improve quality and reduce costs over time.

Question

Quizplus · Accepted Answer

Kaizen budgeting is a budgeting process that involves continuous improvement in quality and cost reduction over time. This is achieved by setting incremental goals and identifying areas for improvement in processes and operations, with the ultimate aim of enhancing efficiency and productivity. Therefore, the statement that Kaizen budgeting is designed to improve quality and reduce costs over time is true.

Kaizen Budgeting Is Designed to Improve Quality and Reduce Costs