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Which combination between factors of production and their payment is INCORRECT?
Performance Appraisals
A regular review and evaluation of an employee’s job performance and contribution to the organization, often used to determine promotions, compensations, and development needs.
Traditional Unstructured
Describes approaches, processes, or methods that lack a formal framework, often relying on informal practices.
Performance Appraisal
An evaluation method in which an employee's job performance is reviewed and discussed to identify strengths and areas for improvement.
Personnel Decisions
Decisions related to the management of staff within an organization, including hiring, firing, promotions, and assignment of responsibilities.
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