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Cost That Has Been Incurred in the Past Is Referred

question 68

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Cost that has been incurred in the past is referred to as

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Definitions:

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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