Kaizen Budgeting Encourages Dramatic Improvements and Substantial Reduction in Costs

question 31

True/False

Kaizen budgeting encourages dramatic improvements and substantial reduction in costs.

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Definitions:

Negligence Or Mismanagement

Failure to exercise appropriate care or the mismanagement resulting in harm or loss.

Duty Of Loyalty

A legal obligation requiring individuals to act in the best interests of another party or entity, typically referring to corporate officers and directors.

Fiduciary

As a noun, a person having a duty created by his or her undertaking to act primarily for another’s benefit in matters connected with the undertaking. As an adjective, a relationship founded on trust and confidence.

Corporate Office

The main or headquarters location of a company where key managerial and executive activities are conducted.