Lean Uses Tools Like the Cause and Effect Diagram or the Fishbone

question 7

True/False

Lean uses tools like the cause and effect diagram or the fishbone diagram to evaluate process activities.

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Definitions:

Compounded Semi-Annually

Interest on a loan or investment calculated twice a year on the initial principal and previously earned interest.

Amortized

The process of paying off debt through regular payments over a period, which includes both principal and interest.

Compounded Monthly

The frequent calculation and addition of interest to an investment or debt balance each month.

Debtor Owe

Refers to the amount of money that a debtor is legally obligated to pay to a creditor.