Kaizen budgeting incorporates continuous improvement into budgeted amounts.

Name: Kaizen budgeting incorporates continuous improvement into budgeted amounts.
Brand: Quizplus
Rating: 4.8 (34 reviews)

Question

Quizplus · Accepted Answer

Kaizen budgeting is a budgeting approach that involves continuous improvement in the budgeted amounts. It encourages managers to continuously review and analyze their budgets, identify areas for improvement, and implement changes accordingly. In this way, the budget becomes a living document that is continuously refined and optimized over time.

Kaizen Budgeting Incorporates Continuous Improvement into Budgeted Amounts