Business Terms and Jargon Explained

What is Appraisal

This is an analysis of a product, person or situation. It is evaluated either for monetary value or efficiency.

1) Staff have appraisals so that management can see how well the staff are performing and how if any training is working. It is also a way to appraise how a member of staff feels and fits into the organisation.

2) Art, jewellery, cars etc are appraised for value were they authenticate the item and place a value based on its condition.

3) Management will appraise the situation, gathering data, feedback, expert advice and solutions before making a decision.

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Term created / updated 2017-05-03 18:04:59

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