Question

*23) TRUE or FALSE: Budgeting based on cost for specific activities is a key building block of the master budget for companies that use the Kaizen approach.*

Objective 6.6

Answer 1

Budgeting based on cost for specific activities is a key building block of the master budget for companies that use the Kaizen approach.

Step-by-step explanation:

TRUE

Budgeting based on cost for specific activities is indeed a key building block of the master budget for companies that use the Kaizen approach. The Kaizen approach emphasizes continuous improvement, and cost-based budgeting allows companies to identify areas of potential waste and inefficiency.