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.

Recognize the financial mechanisms like revolving credit agreements and factoring receivables used to enhance liquidity.

Understand the concept and operational details of the cash conversion cycle.

Identify the reasons for holding cash and the concept of precautionary demand for cash.

Understand how lockbox systems and float management can improve a firm’s cash management.

---

Definitions:

Fully Employs

The condition in which all available labor resources in an economy are being used in the most economically efficient way.

Full Employment

Full employment refers to a situation in the economy where all available labor resources are being used in the most efficient way possible, virtually eliminating involuntary unemployment.

Inefficient Outcome

A situation where resources are not allocated in the most valuable or productive way, often resulting from market failures or externalities.

Production Possibilities Frontier

A graphical representation that shows the combination of two goods that can be produced using all resources efficiently.