List and Explain the Three Factors on Which Performance Appraisal

question 80

Essay

List and explain the three factors on which performance appraisal is evaluated.

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Definitions:

Quantity Theory of Money

An economic theory that relates the quantity of money in an economy to the level of prices of goods and services.

Price Level

A calculated mean price for all current economic goods and services.

Inflation Rate

The percentage increase in the general price level of goods and services in an economy over a specified period.

Money Supply

Money Supply denotes the total volume of money available in the economy, including cash, coins, and balances held in checking and savings accounts.