If Performance Appraisals Are Done by the Human Resource Department

question 146

True/False

If performance appraisals are done by the human resource department they are referred to as appraisal methods,whereas if they are done by managers they are called appraisal systems.

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Definitions:

Subrogation

The process by which one party assumes the legal rights of another party to collect a debt or claim.

Co-makers

Individuals or entities that jointly sign a loan or credit agreement, sharing equal liability for the repayment of the debt.

Cosureties

Two or more parties who jointly agree to guarantee the debt or obligation of another, sharing the liability.

Conditional Guarantor

A party that agrees to fulfill the obligations of a debtor, but only under specific conditions outlined in an agreement.