Encouraging Employees to Stay Active in Finding and Correcting Problems

question 126

Multiple Choice

Encouraging employees to stay active in finding and correcting problems is associated with which of the 6-E's of Lean?

• A) Empower
• B) Excite
• C) Engage
• D) Encourage

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Definitions:

Long-Range Budgets

Financial plans that project revenues, expenses, and other financial details for a period of several years into the future.

Rolling Budgets

Budgeting method that continuously updates by adding a new budget period as the current period is completed, ensuring ongoing financial planning.

Budgeted Financial Statements

Financial statements that predict revenues, expenses, and net income based on the budget for a future period.

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period, typically used to assess liquidity and manage cash effectively.