Identify the Techniques for Improving Service Productivity

question 143

Essay

Identify the techniques for improving service productivity. For any two techniques, describe in a short paragraph, and include an example.

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Definitions:

360-Day Year

A simplified calculation method used in finance, assuming a year consists of 360 days for the purpose of interest calculation.

Ordinary Simple Interest

Interest calculated on the principal amount of a loan or investment, based on the original amount without compounding.

360-Day Year

An accounting method that simplifies interest calculations by using 360 days as the length of a year.

Loan Period

The duration over which a borrower is obligated to repay a loan, typically specified in months or years.