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Author Question: Describe the concept of kaizen budgeting. What will be an ideal ... (Read 45 times)

jilianpiloj

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on: Jul 5, 2018
Describe the concept of kaizen budgeting.
 
  What will be an ideal response?

Question 2

Transactions must first be recorded into the general journal before they can be entered into specialized journals.
 a. True
  b. False
 
   Indicate whether the statement is true or false


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essyface1

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Reply #1 on: Jul 5, 2018
Answer to Question 1

Answer: Kaizen budgeting explicitly incorporates continuous improvement in cost reduction anticipated during the budget period. Much of the cost reduction arises from many small improvements rather than large one time improvements. Most of the improvements come from employee suggestions. Companies that employ kaizen budgeting create a culture where employee suggestions are valued, recognized, and rewarded.

Answer to Question 2

False


jilianpiloj

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Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it

cpetit11

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Reply 3 on: Yesterday
Excellent

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