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Regarding the Language to Be Used in Performance Appraisals

question 5

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Regarding the language to be used in performance appraisals:


Definitions:

Bonuses

Additional compensation given to employees as a reward for good performance, usually based on individual or company achievements.

Ordinary Annuities

A series of equal payments made at equal intervals, such as monthly or annually.

Annuities Due

An annuity for which the payment is due at the beginning of the period, as opposed to the end of the period.

Present Value

The now value of a future financial amount or series of cash flows, discounted at a particular rate of return.

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