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Discuss the performance appraisal process and include a description of two specific performance appraisal techniques.
Industrially Advanced Nations
Countries that have highly developed industries and infrastructure, often characterized by high levels of income, technological innovation, and standard of living.
Managed Float
A currency exchange rate policy where the central bank allows the currency value to fluctuate in the foreign exchange market but intervenes to prevent excessive movements.
Fixed Rate System
A monetary system in which exchange rates are set and maintained at a certain level by a government or central bank.
Flexible Exchange Rates
A system in which the worth of a currency is permitted to vary based on the foreign exchange market, free from direct governmental interference.
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