Kaizen budgeting is based on the premise that prices will decline over time and targets cost reductions to accommodate this.
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Q16: A cost centre where the relationship between
Q17: Typically, support departments such as accounting, human
Q18: Having excessive cash tied up in accounts
Q19: One method for estimating sales revenue is
Q20: Cost centres are organisational units where the
Q22: Updating rolling budgets with recent results means
Q23: Rolling budgets can only be used in
Q24: To ensure proper accountability it is essential
Q25: It is difficult to measure the relationship
Q26: In activity based budgeting a budget is
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