Which of the following statements MOST accurately distinguishes a modern performance management system from a traditional performance appraisal?

In Strategic Human Resource Management, performance appraisal is a structural sub-component within the broader framework of performance management: Performance management is an overarching, continuous strategy that involves goal setting, ongoing feedback, coaching, skill development, and alignment with organizational objectives throughout the entire year. In contrast, a performance appraisal is a discrete, periodic (often annual or bi-annual) event focused primarily on evaluating past employee performance to determine administrative outcomes such as pay raises, bonuses, or promotions.