Kaizen Costing Is

question 54

Multiple Choice

Kaizen costing is:

• A) Focused only on cost reduction
• B) Continuous improvement in cost, quality, and functionality
• C) Another name for target costing
• D) A method for budgeting

---

Definitions:

Journal

A chronological record of all business transactions, used to transfer information to the general ledger.

Prepaid Insurance

Expenses paid in advance for insurance coverages that extend beyond the current accounting period.

Posting References

Codes or numbers used to track the transfer of information from journals to ledgers in the accounting process.

Cash

A form of currency that companies and individuals use for transactions or to settle debts.