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per diem
LATIN TERM "by the day,” used to mean a daily allowance of money for expenses incurred during business travel
Example:
The XYZ company allowed its employees $150 per diem for food, lodging, and taxi fares.
performance appraisal
formal evaluation of an employee's achievement of (or failure to achieve) previously established goals
example:
After their first six months, all new employees met with their supervisors and received a written performance appraisal; older employees had a performance appraisal every year.
planned obsolescence
the practice of building and selling a product with a limited useful life such that the customers feel they must buy a new version when their first purchase becomes old or inferior
Example:
A planned obsolescence strategy increased the profits of the U.S. automobile industry by increasing customers' desire to buy new car models with new features every few years.
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