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Susan, the HR director, is developing performance management training sessions for junior managers.She wants to be sure to emphasize the key success factor for effective performance appraisal that most often leads to optimum employee performance.The factor she emphasizes is
Total Fixed Costs
The sum of all costs that remain constant regardless of the level of production or output within a specific period.
Total Variable Costs
The sum of all costs that vary directly with the level of production or output, excluding fixed costs.
Total Costs
Total costs encompass the sum of all expenses incurred by a business in the production and sale of goods or services.
Fixed Cost
Costs that do not change with the level of production or sales, such as rent or salaries.
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