What Is the Purpose of a Performance Appraisal? What Are

question 70

Essay

What is the purpose of a performance appraisal? What are the major steps involved in the performance appraisal process?

Distinguish between different types of teams, such as virtual, self-managed, and cross-functional.

Understand challenges in instilling shared mental models in cross-functional teams due to diverse backgrounds.

Become aware of the potential flaws in virtual teams, including issues related to information sharing and miscommunication.

Recognize the necessity of training for the effectiveness of cross-functional teams.

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Definitions:

Currency Exchange Rates

The value of one currency for the purpose of conversion to another, indicating how much one currency is worth in terms of another.

Equivalent Amount

A sum of money or value that is considered equal in worth or value to another sum or item.

First Column

Typically refers to the first vertical set of cells in a spreadsheet or table, often containing categories or identifiers for rows.

Profit-Sharing Plan

A company program that gives employees a share in the profits, typically in the form of bonuses or stock options.