In the broadest of terms, the performance management process features a cycle that starts with Prerequisites and concludes with performance Review.
<h3>What is performance management process?</h3>
Performance management exists as a communication procedure by which managers and employees work together to plan, monitor, and review an employee's work goals and overall contribution to the organization. Effective performance management exists important to businesses. Through both formal and informal processes, it allows them to align their employees, resources, and systems to complete their strategic objectives.
<h3> Steps of the performance process</h3>
- Step 1: Create a Performance Management Plan. Create the plan as described as possible, avoiding the usage of ambiguous language.
- Step 2: Set Goals for Performance Management.
- Step 3: Complete a Performance Review System.
- Step 4: Create Strong Feedback-Giving Skills.
- Step 5: Ongoing Employee Performance Management.
Hence, In the broadest of terms, the performance management process features a cycle that starts with Prerequisites and concludes with performance Review.
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Answer:
A fixed expense is an expense that has a constant total expense value (the total amount of the fixed expense) that remains the same (does not change) when there is a change in the number being managed, manufactured, or sold
Examples of fixed expense includes; depreciation of assets, salaries of workers, payment for rental lease, and some utility payment, such as road users toll fees payment at a toll gate
Explanation: