Which of the following is true of performance appraisal? Group of answer choices Performance management is a part of performance appraisal. Performance appraisal refers to the entire series of activities designed to ensure that the organization gets the performance it needs from its employees. Performance appraisal is the process of determining how well employees do their jobs relative to a standard and communicating that information to them. Performance appraisal is the same as performance management.

The correct option is Performance appraisal is the process of determining how well employees do their jobs relative to a standard and communicating that information to them.

Explanation:

Performance Appraisal is the systematic evaluation of the performance of employees when compared to a set standard, and to understand the abilities of an employee in order to enhance further growth and development. What this means is that a performance appraisal entails a regular review of an employee's job performance and overall contribution to a company.

Companies usually make use performance appraisals to give employees a feedback on their work and they also use it to justify pay increases and bonuses, as well as for making decisions to terminate employment.

Performance appraisals can be carried out at any time, but in order to ensure uniformity, companies tend to carry out annual, semi-annual or quarterly performance appraisals.

both are integral parts of a corporate balance sheet. the cash flow statement, or statement of cash flows, measures the sources of a company's cash and its uses of cash over a specific time period. the income statement measures a company's financial performance, such as revenues, expenses, profits or losses over a specific time period (in fact, it's sometimes called a statement of financial performance).

a cash flow statement shows exactly how much money a company has received and how much it has spent, traditionally over a period of one month. it captures the current operating results and changes on the balance sheet, such as increases or decreases in accounts receivable or accounts payable, and does not include noncash accounting items such as depreciation and amortization. the cash flow generally comes from revenue received as a result of business activity, but it may be augmented by funds available as a result of credit. a cash flow statement is used to determine the short-term viability and liquidity of a company, specifically how well it is positioned to pay its bills and vendors.

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