Question
Which of the following is a wastage controlling
technique which means continuous improvement?Solution
Kaizen, means continual improvement. Continuous improvement is the continual examination and improvement of existing processes and is very different from approaches such as business process re-engineering (BPR), which seeks to make radical one-off changes to improve an organization's operations and processes. This philosophy implies that small, incremental changes routinely applied and sustained over a long period result in significant improvements. The kaizen strategy aims to involve workers from multiple functions and levels in the organization in working together to address a problem or improve a particular process. Some of the activities in the kaizen costing methodology include the elimination of waste in the production, assembly, and distribution processes, as well as the elimination of work steps in any of these areas
The Risk based supervision (RBS) for banks was introduced in 2012 by RBI. Which of the following is correct regarding RBS?
The aggregate of only those costs that can be specifically and directly traced to each unit of output is termed as _______Â
Which of the following statements best reflects the difference between a successful leader and an effective leader?
Who appoints the auditor for a government company, and what is the time frame for this appointment?
What is the minimum asset size required for an NBFC to be classified as a ‘Systemically Important NBFC’ in India?
Which of the following is not one of the ‘S’ in the 5 S technique used for controlling waste?
Which of the following is not a characteristic of lean manufacturing?
Cash should be shown under which time bucket for inflow:
The value of a derivative
A borrower’s CIBIL credit score is below 600. Which of the following statements is most accurate?
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