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Define Performance Appraisal

question 66

Essay

Define performance appraisal. Briefly describe the factors that make performance evaluations more complex in the international context and explain the use of incentives in the compensation of employees.


Definitions:

Indifference Curve

A graph representing a series of combinations of two goods between which a consumer is indifferent, showing the trade-offs a consumer is willing to make between two products.

Total Utility

The complete fulfillment obtained from the consumption of a specified quantity of goods or services.

Indifference Curves

Indifference curves are graphs showing different combinations of goods between which a consumer is indifferent, suggesting equal levels of utility or satisfaction.

Utility

A measure of satisfaction, pleasure, or usefulness obtained from consuming goods and services.

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