Examlex
Kaizen is a continuous improvement technique used to reduce the time it takes to do a task,eliminate waste,and improve operating efficiency and productivity.
Higher Wages
Wages that are above the average or standard level, often resulting from increased demand for labor, higher productivity, or specialized skills.
Statistical Discrimination
The use of statistical or probabilistic data about demographic groups by employers, lenders, etc., to make assumptions about individuals, potentially leading to discriminatory practices.
Insurance Rates
The cost or premium for insurance coverage, determined by risk assessment and statistical analysis.
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