The purpose of a performance appraisal is to: Select one: a. obtain information about the firm's financial performance that must be provided in the annual report to stockholders. b. give managers the information they need to determine the firm's strengths and weaknesses relative to its most serious competitors. c. improve employee performance. d. protect the firm from lawsuits by disgruntled employees.

c. improve employee performance.

Explanation:

The performance appraisal shows the trends of the performance of the employee whether he or she is performing best or worst. It could be decided based on the targets set by the business organization

The purpose of the performance appraisal shows the cycle of an employee regarding his/her performance whether they are under target or over target. The appraisal is based on the overall performance of an employee that can helps the employee in financially.

The correct answer is letter C

The Performance Appraisal is a systematic assessment of the performance of each employee according to the activities they perform, the goals and results to be achieved and their development potential, which generates many positive effects on the company.

Performance Appraisal is the process by which organizations evaluate the performance and development of the employee in the position.  Human Performance Appraisal in companies is a tool for estimating the use of the individual potential of people at work and the potential of the entire organization.

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