Figured out the solution to my problem and I hope this helps someone else in the future.
Problem 1: Booting/Shutting down VM, starting/running applications, and viewing content such as image files on a browser showed significant performance issues, even when providing more than adequate resources to the VM.
Solution: Run PS Command: powercfg /powerthrottling disable /path 'C:\Program Files (x86)\VMware\VMware Workstation\vmware.exe'
Problem 2: Severe latency/input delay when doing anything basic such as dragging cursor or typing in a terminal. Also was unable to drag and drop files directly onto/into the Desktop and Desktop directory from host machine.
Solution: Disable VBS. Verify whether it is enabled or disabled by viewing sysinfo; Virtualization-based-security. If it is running, this may be your cause. There are several ways to disable it, here is the way that worked for me. Run cmd line command as Admin: bcdedit /set hypervisorlaunchtype off
Note 1: You may have to do anywhere from 1 method to several to turn off your VBS. If the command provided did not work, simply google (in my case since I have a Windows 11) "How to disable VBS on Windows 11". You will get several methods to be able to do so.
Note 2: I am still unable to drag/drop files onto the Desktop however I am able to drop it into the file directory. Still a slight problem but at the very least, acceptable.
