Choose the definition for Kaizen budgeting.

A

Focuses on the budgeted cost of the activities necessary to produce and sell products and services.

B.

A budget or plan that is always available for a specified future period, by continually adding a period (month, quarter, or year) to the period that just ended.

C.

Explicitly incorporates continuous improvement anticipated during the budget period into the budget numbers.

D.

Expresses management's operating and financial plans for a specified period (usually a fiscal year) and includes a set of budgeted financial statements. It is the initial plan of what the company intends to accomplish in the period.