Which of the Following Is Not True About Kaizen Standards

question 205

Multiple Choice

Which of the following is not true about Kaizen Standards?

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

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Definitions:

Produce

To create, manufacture, or grow goods and products.

Heckscher-Ohlin Model

An economic theory that proposes countries export what they can most efficiently and abundantly produce, based on their factor endowments of labor, capital, and resources.

Absolute Advantage

The capability of one entity to produce more of a good, product, or service with the same amount of resources than another.

Sweatshop Labor

Work done in very poor conditions for low pay, often in factories that make fast fashion, electronics, and other consumer goods.