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What Sequence Defines the Continuous Improvement Subcycle of Kaizen Costing

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What sequence defines the continuous improvement subcycle of kaizen costing?


Definitions:

Management By Exception

The practice of giving attention to substantial differences between actual and desired performance.

Output Standards

Quantitative measurements or benchmarks that determine the desired level of performance or production output.

Input Standards

The predefined quality or quantity measures that inputs must meet for production or service processes.

Actual Outcomes

The real results or effects of actions, strategies, or projects as measured against the initial goals or expectations.

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