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Brittney recently read that once-a-year performance appraisals are ineffective.In response, she is asking all her managers to begin providing monthly performance appraisals to all their employees.Each manager has 30 employees and balks at the idea of providing that many performance appraisals each month.What aspect of good performance appraisals does Brittney's plan appear to be missing?
Fixed Expenses
Fixed expenses are costs that do not change with the level of production or sales, such as rent or salaries.
Break-even Point
The level of production or sales at which total revenues equal total costs, resulting in neither profit nor loss.
Unit Variable Cost
The cost associated with producing one additional unit of product, including materials, labor, and other costs that vary with production volume.
Variable Expenses
Costs that vary directly with changes in production volume or business activity levels, such as materials and labor costs.
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