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Effective performance evaluation, simply stated, involves asking two questions about employee performance. The first is "Is the work being done effectively?" What is the second question?
Non-Cancellable
A contract or agreement that cannot be terminated or cancelled by either party involved.
Future Sacrifice
The expected loss or cost in the future due to present decisions or commitments.
Essential Characteristic
A fundamental or inherent property that defines an entity, distinguishing it from others.
Liability
A company's financial debts or obligations that arise during the course of business operations.
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