Employing ‘lean thinking’, doing more with less, continues efforts to eliminate or reduce ‘muda’, Japanese for waste or any activity that consumes resources without adding value to design, manufacturing, distribution, or customer

Intent to be lean and Six Sigma. Management problem solving and quality initiatives approach. Based on Six Sigma and Lean tools combined.

Business or finance decision to act based on available information or analysis but with an uncertain the outcome. Attributed to the religious act of accepting the existence of a deity without tangible

Every 4 years one extra day is added to the month of February. Increases the standard 365day year to 366 days. Necessary to synchronize the calendar and astronomical year. The leap year

Automatic pay increase or claims for a pay increase for employees based on maintaining pay parity or differential with other employees who gained a pay increase.

Refer to Long-term Equity Anticipation Security

Lessons expectations statement for a student. Allegedly provides the student a detailed description of what ability is gained when the instruction ends. To assist students on how to make practical use of

In a rapidly changing environment, an organization that gains knowledge and applies it quickly to survive and thrive. Such entities (1) build a culture encouraging and supporting continuous employee training, use of

Website of various source of learning and training goods and services.

Lease attachment or annex formally added. Lists and describes the item leased, required lease payments, and other terms applicable to the lease. The lease terms and conditions are fixed per the master

An agreement allowing the renter to buy the leased item when the lease period expires. Typically, some or all of the lease payment is applied to the purchase. A lease-to-own arrangement usually

A lender, bank or leasing company has a lease agreement and arranges any financing required.

Tenant / renter / lessee-held real property on a fixed-term lease that returns to its freehold owner / lessor.

Health care, literacy, and per capita income are criteria for the UN designating some of the world’s poorest countries (48 in 1995) as ‘least developed’. Africa, Asia and Pacific, and Haiti have

As a reminder of the firm and/or good or service being sold, a salesperson gives the customer a gift.

Subject matter expert’s formal presentation and a question-and-answer session that typically follows.

Held as a ledger’s separate page. Classifies each as an asset, liability, or owners’ equity. Records each balance sheet item’s increases and decreases. Also known as an account.

In the revenue accounts of a company’s financial statements, list of liquid cash.

Value calculated as: total premiums paid minus the end-of-year policy value minus dividends. Life insurance policy’s net cost.

Travel taken from one stop to another. Also known as portion or segment.