Three hurn ed and sixty-degree feedback is generally used for development purposes rather than for pay increases. Select one: True False
Breakeven Analysis
Break Even Analysis is a term used in business, cost accounting and economics. It refers to a point where the total cost incurred becomes equal to the total revenue earned. Break Even Analysis determines the number of units to be sold to earn the revenue required to cover the total costs. Total cost is a sum total of fixed and variable costs.
Process analysis
The term process analysis can be defined as breakdown of production process into different phases that converts inputs into output. A series of routine activities are incorporated using organizational resources with a view to achieve operational excellence.
Organizations these days are trying to gain a competitive advantage over one another. Organizations have certain goals and the organizations are trying to fulfill the objectives and goals with the help of the employees. The employees are being recruited and selected and duties and responsibilities are given to them.
Once the employees are selected in the organization, they are given different tasks and responsibilities of work. The performance of the employees, however, is checked from time to time to find out whether the employees are able to perform as they are expected because the low performance of the employees will lead to low performance of the organization in the market.
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