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Performance Appraisal Is an Ongoing Process,while Performance Management Occurs at a Specific

question 12

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Performance appraisal is an ongoing process,while performance management occurs at a specific time.


Definitions:

Behavioral Economics

A field of economic research that analyzes how psychological, social, cognitive, and emotional factors affect economic decisions of individuals and institutions.

Ultimatum Games

A type of game in experimental economics where two players interact to decide how to divide a sum of money; one proposes the split, and the other accepts or rejects it.

Endowment Effect

A psychological phenomenon in which people assign higher value to things merely because they own them.

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