Kaizen Costing Includes

question 22

Multiple Choice

Kaizen costing includes:

• A)cost control system concept.
• B)standards set annually or semiannually.
• C)continuous improvement.
• D)comparing actual costs to standard costs.

---

Definitions:

Primary Activities

The fundamental actions or processes that are directly involved in creating and delivering a product or service to customers.

Value Chain

A model that describes the full range of activities needed to create a product or service, from conception to delivery.

Human Resource Management

involves recruiting, hiring, deploying, and managing an organization's employees.

Value Chain

A series of activities that a firm operating in a specific industry performs in order to deliver a valuable product or service for the market.