Which Statement About the 'Continual Improvement' Practice Is CORRECT

question 125

Multiple Choice

Which statement about the 'continual improvement' practice is CORRECT ?

• A) Continual improvement participation should be limited to a small dedicated team.
• B) It is the role of senior management to authorize improvement initiatives.
• C) Training should be provided to those involved in continual improvement.
• D) A single continual improvement register should be maintained by senior management.

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Definitions:

Activity Variance

A measure of the difference between the actual level of activity and the planned level of activity.

Budgeting

The process of creating a plan to spend money over a particular period, a fundamental practice in financial planning and management.

Planning Budget

A budget designed for planning and preparing the financial strategies of an organization, often used to estimate future revenues and expenses.

Employee Salaries

Fixed payments made regularly by an employer to an employee for their work, not typically dependent on the hours worked.