Which of the Following Is NOT TRUE Regarding Kaizen

question 84

Multiple Choice

Which of the following is NOT TRUE regarding kaizen?

• A)Kaizen requires substantial investment to fund cutting-edge innovation.
• B)Kaizen is different than reengineering.
• C)Kaizen concentrates on small, gradual improvements over the long term.
• D)Any improvement activity is a part of the kaizen philosophy.

Grasp the purpose and process of posting transactions from the journal to the ledger.

Learn the guidelines for choosing account names for the chart of accounts.

Recognize the classification of accounts such as assets, liabilities, revenues, and expenses.

Understand how management can utilize ledger accounts to make informed decisions.

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Definitions:

Capital Stock

The total amount of a company's shares of stock, representing ownership in the company.

Records Expense

The act of documenting or entering an expense into the accounting system to reflect its impact on the financial statements.

Obligation

A formal commitment or requirement to do something, often financial in nature, such as repaying a loan or fulfilling a contractual agreement.

Chart Of Accounts

A listing of all the accounts in the general ledger, each with a unique account number.