Performance Appraisals That Carry No Real __________ with Them Tend

question 156

Short Answer

Performance appraisals that carry no real __________ with them tend to lose effectiveness very quickly.

---

Definitions:

Profit

The difference between total revenue and total cost.

Yearly Return

The total gain or loss on an investment over a one-year period, expressed as a percentage of the investment’s initial cost.

Fixed Costs

Costs that do not change with the level of output or sales, such as rent, salaries, and loan payments.

Annual Fixed Costs

Expenses that do not change over a year regardless of the level of production or sales.