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Cost that has been incurred in the past is referred to as
Performance Appraisal
A systematic evaluation process of assessing employee performance based on predefined criteria, aimed at identifying areas of improvement and development needs.
Evaluation Purpose
The reason for which an assessment or review is being conducted, typically to determine effectiveness, value, or outcomes.
Future Performance
Predictions or estimates about how well a person, organization, or system will operate or achieve goals in upcoming periods.
Management Development
Training to improve knowledge and skills in the management process.
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