Final answer:
Performance appraisal is a process that requires managers to plan, promote coordination and communication, provide a benchmark for evaluating performance, and provide information to identify needed corrective action.
Step-by-step explanation:
Performance appraisal is a process that requires managers to plan, promote coordination and communication, provide a benchmark for evaluating performance, and provide information to identify needed corrective action. It helps the organization assess the performance of its employees and set goals for improvement.