Q556
Budgeting method, which incorporates an improvement anticipated in budgeting period into budget numbers can be classified as
A.
anticipated budgeting
B.
number budgeting
C.
predict budgeting
D.
kaizen budgeting
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
Budgeting method, which incorporates an improvement anticipated in budgeting period into budget numbers can be classified as kaizen budgeting. Kaizen budgeting takes the concept of continual improvement and applies it to budgets and budget forecasting.