The Owner of a Service Organization Recently Decided to Take

question 13

Essay

The owner of a service organization recently decided to take steps to empower the organization's employees.As consultant to the owner,you suggested that technology might be used to help empower service employees.The owner asked you to explain how technology can be used to empower employees.What is your response?

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Definitions:

Maturity Value

The amount payable to the investor at the end of a fixed term investment, including the principal and the interest.

Equal Payments

Recurrent payment amounts that are the same in total over a specified period, common in loans and amortizations.

Obligation

A duty or commitment to do something, such as repay a loan or fulfill a contract.

Financial Functions

Mathematical formulas used in finance to analyze and calculate financial figures such as interest rates, returns, payments, and the value of investments.