Kaizen Is __________

question 37

Multiple Choice

Kaizen is __________.

• A)another name for a lean system
• B)the Japanese term for continuous improvement
• C)the Japanese term for reengineering
• D)another name for a quality circle

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Definitions:

Simple Rate of Return

The percentage of annual incremental net operating income to the initial investment cost.

Cash Operating Costs

Expenses directly related to the production of goods or provision of services that must be paid in cash.

Annual Depreciation

The allocation of the cost of an asset over its useful life, recognized each year.

Scrap Now

The action of disposing of materials or products that are no longer useful or sellable immediately.