Which of the Following Is NOT a Characteristic of Kaizen

question 84

Multiple Choice

Which of the following is NOT a characteristic of kaizen standards?

• A) Kaizen standards are constantly changing.
• B) Kaizen standards are used in traditional costing systems.
• C) Kaizen standards are used for continuous improvement.
• D) Kaizen standards are a currently attainable standard that reflects planned improvement.

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Definitions:

Free Trade

An economic policy that allows imports and exports between countries with minimal governmental restrictions or tariffs to promote international trade.

World Price

The international market price of a good, influenced by global demand and supply conditions.

Domestic Price

The price of goods or services within a country's borders.

Oil Barrels

A standard unit of measure for crude oil and other petroleum products, equivalent to 42 U.S. gallons.