When All Levels of Management and Workers Are Actively Involved

question 5

Short Answer

When all levels of management and workers are actively involved in process management and in achieving lean practices,it is known as ________.

---

Definitions:

Growing Annuity

An annuity that increases at a proportionate rate during the period of the contract, typically to combat inflation.

Annuity Growth Rate

The rate at which the value of an annuity investment increases over time.

Compounded Annually

A method of calculating interest in which the interest earned each year is added to the principal, so that the balance doesn't merely grow, it grows at an increasing rate.

Growing Annuity

A series of cash flows that grow at a constant rate for a specific number of periods.