An Informal Appraisal Is Used When a System Is in Place

question 5

True/False

An informal appraisal is used when a system is in place to report managerial impressions and observations on employee performance and feature a regular time interval.

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Definitions:

Incentive Bonus

An additional payment or reward given to employees as a motivation for meeting or exceeding specified goals or objectives.

Expense Ratio

A measure of what it costs an investment company to operate a mutual fund, expressed as a percentage of the fund's assets.

Gross Return

The overall yield from an investment prior to subtracting any charges or costs.

Lockout Period

A timeframe during which employees are prohibited from making changes to their retirement or investment plans.