Which of the Following Does NOT Describe Kaizen Costing

question 147

Multiple Choice

Which of the following does NOT describe kaizen costing?

• A)It is concerned with reducing the costs of existing products and processes.
• B)It tries to reduce both value-added and non-value-added costs.
• C)The cost reduction process is accomplished through the repetitive use of the kaizen cycle and the maintenance cycle.
• D)The kaizen standard reflects the planned improvement for the upcoming period.

---

Definitions:

American Call Option

An options contract that allows the holder to buy the underlying asset at a specified price at any time before or on the expiration date.

Variance

A statistical measure that represents the dispersion of data points in a data set around the mean, indicating how spread out the data is.

American Call Option

An option contract that gives the holder the right, but not the obligation, to buy a security at a specified price before the option expires.

Expiration Date

The specified date on which an options or futures contract becomes null and void.