When Are Total Life Cost Decisions Taken


1. Which of the following statements about Kaizen costing is false?

  1. Cost reduction targets are set and applied on an annual basis.
  2. Cost reductions apply to all variable costs.
  3. Workers are assumed to have the best knowledge to improve processes and reduce costs.
  4. Cost-variance analysis compares target kaizen costs with actual cost reduction amounts.

2. During the ___________ cycle, 80% to 85% of a product’s total life costs are committed by decisions made in that cycle.

  1. Manufacturing
  2. Operating
  3. Research, development, and engineering
  4. Post-sale service and disposal.

3. Which of the following is not an outcome provided by budgeting?

  1. An ethical framework for decision making.
  2. A means to communicate the organization’s short-term goals to its members.
  3. A means to anticipate problems.
  4. Support for the management functions of planning and coordination.



The multiple questions belong to Finance. The 1st question discusses about statements of Kaizen on costing. The 2nd question is about the stage in which total life cost decisions and 3rd question discusses about which is not the outcome provided by budgeting.

Total Word Count NA

Download Full Solution


  • HWA

    this is a very good website

  • HWA

    I have 50 questions for the same test your page is showing only 28

  • HWA

    hi can you please help or guide me to answer my assignments. thanks

  • HWA

    hi can anyone help or guide me to my assignments. thanks

  • HWA

  • HWA

    This solution is perfect ...thanks

  • HWA

    Hello Allison,I love the 2nd image that you did! I also, had never heard of SumoPaint, is something that I will have to exolpre a bit! I understand completely the 52 (or so) youtube videos that you probably watched. Sometimes they have what you want, sometimes they don't! However, it is always satisfying when you are able to produce something that you have taught yourself. Great job!Debra 0 likes

  • HWA

    Perfect bank of solution. 

  • HWA

    great !

  • HWA
    Paul Brandon-Fritzius

    thanks for the quick response. the solution looks good. :)

  • HWA
    tina Johnson

    thnx for the answer. it was perfect. just the way i wanted it. 

  • HWA

    works fine.