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Self-generated feedback is a more powerful motivator than externally generated feedback.
Cost Center Evaluation
The process of analyzing the performance and efficiency of a department or unit within an organization that does not directly generate revenue.
Controllable Margin
The amount of profit or contribution margin that a manager can directly influence by controlling costs and generating revenues.
Contribution Margin
The amount by which a product's selling price exceeds its total variable costs, indicating how much contributes to covering fixed costs and generating profit.
Dollar Amount
A specific value of money in terms of the currency of the United States, expressed in dollars.
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