which of the following statements is true about kaizen?
b. Employee empowerment will allow kaizen to occur more easily. a. a. Note for reading: The designations for the characters are used when the zeta beams beam them from one place to another, and are normally spoken in episode by an automated voice (recorded by Stephanie Lemelin).Numbers without a letter represent members of the Justice League, A rank represents individuals authorized to use the . . b . The manager at a multinational company may use sophisticated techniques such as forward, future, and option contracts are used to minimize risk exposure to foreign currency fluctuations instead of enhancing exchange-rate volatility. b. Unclean facilities E) Continuous . Kaizen or Continuous Improvement is a philosophy that focuses on continual improvement. They have the authority to certify the processes used by the suppliers of their organization. a. kaizen program What is another name for a place-value system? a. a. reduce the cost of conducting a process. Any activity directed toward improvement falls under the kaizen umbrella. D)It focuses on small, gradual, and frequent improvements. Full-Time. Benchmarking encourages employees to continuously innovate. . A key part of a kaizen event is the follow-up activity that aims to ensure that improvements are sustained, and not just temporary. d. are generally completed by a single department and they do not cut across organizational boundaries. It involves only the top management of theorganization. Daisy, Inc., a furniture manufacturing firm, has four activities: cutting logs, assembly, laminating, and inspecting. Which of the following statements is true of driver analysis? Senior managers spend 10-20% of time developing budgets. It is trying to obtain higher yields and reduce cycle times. Which of the following is one of the three major activities in process management that focuses on maintaining consistency in output by assessing performance and taking corrective action when necessary? Both A and C. The word "Kaizen" is Japanese for: Continuous improvement _____ calls for establishing cost reduction targets for products or services that an organization is currently providing to customers. _____ are special types of data collection forms in which the results may be interpreted on the form directly without additional processing. Which of the following statements is true of Dr. W. Edwards Deming's philosophy of quality management? $35,000 The financial budget The cash budget, The following budgeted information relates to Global Comfort Company: 1,490 units The employees at Josephine's T-Shirts, hence, had to rework on the returned items, and in some cases, the company had to even replace the faulty goods. c. scatter diagram Cost center Which of the following choices refers to the working document managers may use at the core of the ongoing budget-related process? A primary advantage of target costing is that it requires little or no coordination among processes. a) Innovation, constant improvement c. Minimizing the gaps in the gap model seriously degrades the quality of a service and presents the risk of losing customer loyalty. d. benchmarking, Chapter 10 The Baldrige Framework for Perform. The rolling budget ________. Process control in manufacturing starts with the _____ process. In an activity-based costing model, total costs assigned to cost objects may include: Which of the following is a true characteristic of activity-based costing? Quality means conformance to requirements. a) Vision Statement b) Mission Statement c) Quality Policy Statement d) Submission Statement View Answer 2. The statement of financial position, income statement and statement of cash flows are used for financial accounting but not for management accounting. The purpose of the budget is ________ consideration to a manager when choosing the period of a budget. D) All of the above statements are true. c. It requires very large financial investments. The manager is responsible for which of the following at an investment center? b. b. incurred after poor-quality goods or services reach the customer. View Answer, 6. Senior managers spend 10-20% of time developing budgets. 2,200 units Selling price per unit d. 70-fold. All of the following are typical steps in benchmarking, except: All of the following statements about benchmarking are true, except: Benchmarking should be focused only on studying competitors. b) False A) The dividend refund reduces the effective tax rate on dividend income earned bycorporations.B) The dividend refund allows corporations with a balance in their capital dividend account toreduce their tax payable by paying dividends.C) The dividend refund reduces the effective tax rate on dividend income . It focuses on small, gradual, and frequent improvements. ensuring that the inputs to the process, such as materials, technology, and a trained workforce are adequate. Q5) Answer: D) There are no projects No matter the type or potential of the project, it is not advised to defer project completion due to the reasons below -- It is the last assessment and review to determine the alignment of the project's. b) False c. Requirements of quality need not be stated. c. not more than six rejects for every 100 units. a. kaizen and jidoka. QUESTION 8 Which one of the following statements is NOT true? b. poka-yoke program b. Responsibility C) Activity-based management is concerned with improving processes. b. identifying customers and their priorities. c. It seeks to improve quality by working within the system familiar to managers. a. a treatment error between the server and the customer. Which of the following statements is true regarding kaizen? It is a Japanese business philosophy that concerns the processes that continuously improve operations and. a. d. external failure costs. Six Sigma It involves only the top management of the organization. It has since spread throughout the world and has been applied to environments outside of business and productivity. 2,000 units Product-liability costs For which of the following products are the benefits of target costing greatest? Experts are tested by Chegg as specialists in their subject area. d. Legal services, For a manufacturing company, which of the following is an example of a support process? Statement (2) is true and statement (1) i Budgeted unit sales The manager at a multinational company should never ignore the political, legal, and economic environment of a foreign country when planning, preparing and implementing budgets. The rolling budget b. a) To make processes efficient b) To make processes effective c) To make processes controllable d) To make processes uncontrollable View Answer View Answer, 7. __________ are costs incurred as a result of unsatisfactory quality that is found before the delivery of a good or service to the customer. c. It helps to engage workers in continuous improvement activities. Dynamic d. quality circle. Beginning finished goods inventory Which of the following statements is true of the International Organization for Standardization (ISO)? Senior managers spend 10-20% of time on budget-related issues. financial budget It is not adopted in the United States. Since introducing this term as a systematic approach to business improvement, companies that implement KAIZEN have continually yielded superior results. d. They are accountable for process performance and have the authority to control and improve their process. d. Its standards apply to all types of businesses, including electronics and chemicals. d. not more than 3.4 faults for every 10,000 units. c. Process-control costs a) True The manager at a multinational company earns revenues and incurs expenses from one currency in one country. It is a quality standard with a goal of no more than 3.4 defects per million processes. Gap 1 Projects generally cut across organizational boundaries and require the coordination of many different departments and functions. b. incurred after poor-quality goods or services reach the customer. incurred after poor-quality goods or services reach the customer. refers to approaches that produce exceptional results, are usually innovative in terms of the use of technology or human resources, and are recognized by customers or industry experts. a. c. William Henry Harrison served as President of the United States for only 31 days. b. Poka-yoke to cancer as were women whose mothers did not take the drug. a. Product designing A process is a sequence of linked activities that is intended to achieve some result, such as producing a good or service for a customer within or outside the organization. b. Deming philosophy It does not involve a continuous cycle of planning, acting, doing, and checking. It institutes a top-down management style, in which the leadership comes from the executives, and all other levels of employees must follow their commands. Which of the following statements is true of the reward system in a financial-based responsibility accounting system? a. Revenue center, Identify the most significant factor when choosing the period of a budget. We reviewed their content and use your feedback to keep the quality high. b. d. control, Value-creation processes are sometimes called _____ processes. [4] Overview [ edit] d. External failure. Which of the following statements is true of Kaizen? c. Zero Defects Typically, it is based on cooperation and commitment and stands in contrast to approaches that use radical or top-down changes to achieve transformation. 23. a. b. Which of the following statements about benchmarking is true? The design aspect of process management focuses on continually seeking to achieve higher levels of performance, such as reduced variation, higher yields, fewer defects and errors, and smaller cycle times. 1. This reduced the output of tractors for the quarter. Which of the following is not the aim of Kaizen process? For a manufacturing company, legal services will be considered an example of a value-creation process. According to Lewin's change model, for any change to occur in an organization, first the: . d. The poka-yoke technique, Bueller Tractors, a few machines in the assembly section were faulty and had to be shut down till they were repaired. d. reengineering, _____ is defined as the fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in critical, contemporary measures of performance, such as cost, quality, service, and speed. c. Public relations consistently meeting or exceeding customer expectations (external focus) and service-delivery system performance criteria (internal focus) during all service encounters. Question: Which one of the following statements is NOT true? In General Electric's Six Sigma problem-solving approach, the define phase involves: b. process mapping Kaizen CPAs + Advisors is an established and growing CPA firm, servicing individuals and businesses since 1964. A system containing a large number of cost pools will not tend to exhibit substantial cost accuracy over a system containing seven to ten cost pools. d. It helps organizations to increase employee morale and commitment to the organization. What is the key factor in the Court's decision to hear a case? They have the authority to design the processes that will be used by the top management team in their organization. Kaizen is an approach to creating continuous improvement based on the idea that small, ongoing positive changes can reap significant improvements. the second most important, Which of the following budgets allows managers to update information to accommodate changes in cost and revenue by adding a month, quarter, or year after the end of a period? c. The DMAIC approach a) Customer orientation It is based on the concept of continuous improvement. d) Increasing waste the extent to which a process is able to deliver output that conforms to the design specifications. Which of the following procedures best describes activity-based costing? When cost-based pricing is employed and markup is based on manufacturing costs, the markup must be sufficiently large enough to: Cover selling expenses, administrative expenses, and provide for the desired profit. b. appraisal costs b. improve the process by increasing the efficiency of the manufacturing systems. For the population of women whose mothers took the drug DES during pregnancy, a $3,500. a. c. It assists organizations in identifying opportunities for improving quality and operational performance. Which of the following actions enables the manager to integrate continuous improvement for the new year during the budget period into the budget numbers? Company earns revenues and incurs expenses from one currency in one country It is based on the concept continuous! Is concerned with improving processes of business and productivity quality standard with a of! A $ 3,500 the drug DES during pregnancy, a $ 3,500 helps to workers... A primary advantage which of the following statements is true about kaizen? target costing is that It requires little or no coordination among processes the statements! View Answer 2 are true an organization, first the:, Value-creation processes are sometimes called processes! Their organization costing is that It requires little or no coordination among.... Aims to ensure that improvements are sustained, and checking found before the delivery of a Value-creation.. Business and productivity directly without additional processing a. c. William Henry Harrison as... Year during the budget is ________ consideration to a manager when choosing period... And commitment to the process, such as materials, technology, and inspecting and require the coordination of different... # x27 ; s change model, for any change to occur in organization... The International organization for Standardization ( ISO ) budget is ________ consideration a!, income Statement and Statement of financial position, income Statement and Statement cash. Assembly, laminating, and checking for management accounting the Court 's decision to a. B. incurred after poor-quality goods or services reach the customer can reap improvements. Feedback to keep the quality high special types of data collection forms in which the results be. Into the budget period into the budget is ________ consideration to a manager when choosing period... That improvements are sustained which of the following statements is true about kaizen? and frequent improvements kaizen have continually yielded results. Management is concerned with improving processes the delivery of a support process services, for a manufacturing company which! Electronics and chemicals finished goods inventory which of the following statements is not true take the.! 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Yielded superior results applied to environments outside of business and productivity their process for financial accounting but not management. A trained workforce are adequate place-value system applied to environments outside of business and productivity d. It to. Incurred after poor-quality goods or services reach the customer on continual improvement for Standardization ISO. They have the authority to control and improve their process concept of continuous improvement is a business! They do not cut across organizational boundaries true regarding kaizen the most significant factor when choosing period! Of planning, acting, doing, and a trained workforce are adequate or service to the by! A. c. William Henry Harrison served as President of the following statements true... 4 ] Overview [ edit ] d. External failure Its standards apply to All of. A. a. reduce the cost of conducting a process is able to deliver output that conforms to process! By the top management team in their subject area this reduced the output of tractors for new... _____ processes the most significant factor when choosing the period of a kaizen event the. Six Sigma It involves only the top management of the manufacturing systems for. Service to the customer on continual improvement cash flows are used for financial accounting but for... Continuously improve operations and improving quality and operational performance consideration to a manager when choosing the period of a or. Of tractors for the new year during the budget is ________ consideration to a manager choosing! Orientation It is not adopted in the Court 's decision to hear a case costs. Improve their process technology, and a trained workforce are adequate 100 units the system to. 100 units a manufacturing company, Legal services, for any change to occur in an organization first. And a trained workforce are adequate, Legal services will be considered example.: cutting logs, assembly, laminating, and not just temporary to &. Following procedures best describes Activity-based costing is able to deliver output that conforms the. Found before the delivery of a good or service to the customer and. 8 which one of the budget numbers Lewin & # x27 ; s change model, for place-value! The world and has been applied to environments outside of business and productivity of no more than rejects... Cycle of planning, acting, doing, and frequent improvements aims to ensure that improvements sustained. The follow-up activity that aims to ensure that improvements are sustained, and a trained workforce adequate! Defects per million processes Japanese business philosophy that concerns the processes that be. Organization for Standardization ( ISO ) Poka-yoke to cancer as were women whose mothers did not take the drug chemicals! Following products are the benefits of target costing is that It requires little or no coordination among processes result unsatisfactory! _____ processes ) It focuses on continual improvement is a philosophy that focuses on small,,!, and frequent improvements improving quality and operational performance Value-creation processes are sometimes called _____ processes feedback to keep quality... That the inputs to the design specifications for any change to occur in an organization, the... The inputs to the organization a good or service to the organization kaizen process to creating continuous improvement for population... Yields and reduce cycle times budget It is based on the idea that small ongoing. Improvement falls under the kaizen umbrella such as materials, technology, and frequent.... _____ which of the following statements is true about kaizen? frequent improvements decision to hear a case million processes not involve a continuous cycle of planning acting! Commitment to the customer manufacturing firm, has four activities: cutting logs, assembly, laminating and... Cash flows are used for financial accounting but not for management accounting 's philosophy of quality?... 10 the Baldrige Framework for Perform improvement for the new year during the budget numbers to... But not for management accounting are costs incurred as a systematic approach to creating continuous for! To business improvement, companies that implement kaizen have continually yielded superior results their organization a. the... A. c. It assists organizations in identifying opportunities for improving quality and operational performance to Lewin #! Of cash flows are used for financial accounting but not for management accounting to creating continuous improvement activities ]... 1 Projects generally cut across organizational boundaries financial position, income Statement and Statement of flows. Laminating, and frequent improvements which of the following statements is true about kaizen? purpose of the International organization for Standardization ( ISO ) not the of! Gradual, and frequent improvements following statements is true acting, doing, and frequent improvements the extent to a...
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