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:

Opportunity Costs

The potential benefits or returns that are foregone by choosing one alternative over another.

Trade Price

The price at which goods or services are traded between companies, often lower than retail price.

International Trade

The exchange of goods, services, and capital between countries or territories, influenced by comparative advantage, tariffs, and trade agreements.

Better Off

Refers to a situation where an individual's or group's economic situation or welfare has improved.