_________ is referred to as continuous improvement costing.
A)Kaizen
B)JIT
C)Kanban
D)Cost sensitivity

Question

Quizplus · Accepted Answer

Kaizen is a Japanese term meaning "change for better" or "continuous improvement." It is a philosophy or practices focusing on the continuous improvement of processes in manufacturing, engineering, and business management. Kaizen can be applied to any area of an organization and involves all employees. This approach is often associated with cost reduction and efficiency improvements over time.

_________ Is Referred to as Continuous Improvement Costing