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Describe the Types of Errors That Can Occur in Performance

question 42

Essay

Describe the types of errors that can occur in performance appraisal systems.


Definitions:

Necessities

Essential items required for living, such as food, clothing, and shelter.

Taxes

Compulsory financial charges or other levies imposed on an individual or a company by a governmental organization in order to fund various public expenditures.

Discretionary Income

Discretionary income is the amount of an individual's income that is left for spending, investing, or saving after taxes and personal necessities have been paid.

Disposable Income

The amount of money an individual or household has available for spending and saving after taxes have been deducted.

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