Performance Management is only related to pay, promotion and personnel decision. TRUE or FALSE?

True

there are many objectives, I will mention some:

1. Productivity (output)
2. Training needs
3. Individual goals

True, but not all cases of performance management is to monitor the company's performance or performance and address deviations, but the main role is to monitor the management of departments and staff to address the deviations in the performance management or employee

True.....

True, But need productivity, development 

OK, but development is needed.