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Write a Note on the Components of Performance Appraisal and Feedback

question 57

Essay

Write a note on the components of performance appraisal and feedback and pay and benefits to the employees.


Definitions:

Estimated Economic Life

The expected period over which an asset is considered to be useful and contribute to the earnings of a business, affecting its depreciation or amortization.

Capital Lease

A lease agreement in which the lessee essentially acquires the ownership rights of the leased asset, also referred to as a finance lease.

Residual Value

The estimated salvage value or the worth of an asset at the end of its useful life.

Lease Payments

Regular payments made by a lessee to a lessor for the use of an asset over a specified period.

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