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The purpose of a performance appraisal is to improve employee performance. protect the firm from lawsuits by disgruntled employees. obtain information for the firm's financial

The purpose of a performance appraisal is to

improve employee performance.

protect the firm from lawsuits by disgruntled employees.

obtain information for the firm's financial performance that must be provided in the annual report to stockholders.

give managers the information they need to determine the firm's strengths and weaknesses relative to its most serious competitors.

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