In the Context of Defining Performance, Performance Appraisal

question 55

Multiple Choice

In the context of defining performance, performance appraisal:

• A)involves defining and measuring performance.
• B)is the result that a person finds attractive or pleasurable.
• C)is the process of change in behavior through experience.
• D)is the evaluation of a person's performance.

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Definitions:

Operating Expenses

Expenses incurred in the normal operation of a business, including costs such as rent, utilities, and payroll, that do not directly relate to the production of goods or services.

Profit Center

A profit center is a branch or division of a company that is directly responsible for generating its own revenue and profit.

Cost Center

A business unit that does not directly add to profit but still incurs costs, such as a human resources department.

Cost Center

A part of an organization that does not directly add to profit but incurs costs, such as the customer service department.