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Explain the various purposes of performance appraisal.
Investment Date
The specific date on which an investment is made or an asset is purchased.
Capital Investment Decisions
Decisions made by businesses regarding which major projects or investments to undertake, considering potential returns and risks.
Long-Term Commitment
An obligation that extends beyond the current fiscal year, often related to contracts, investments, or financial agreements.
Operations
The day-to-day activities involved in running a business, such as production, sales, and administration.
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