Kaizen Budgeting Involves ________

question 28

Multiple Choice

Kaizen budgeting involves ________.

• A) large cost reductions
• B) management directed improvements
• C) continual small cost reductions
• D) continual small revenue increases

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Definitions:

Renamed

refers to changing the name of a person, place, thing, or idea, often to better fit its identity, purpose, or context.

Saigon

Former name of Ho Chi Minh City, it was the capital of South Vietnam until the end of the Vietnam War in 1975.

Détente

A period of improved relations between two countries that were previously in conflict or tension.

Soviet Union

A federal socialist state in Eastern Europe and Asia, existing from 1922 to 1991, and was a major player in global affairs.