Examlex
List the characteristics of structured processes.
Opportunity Cost
The cost of an alternative that must be forgone in order to pursue a certain action, essentially what is given up when choosing one option over another.
Key Performance Indicator
A quantifiable metric that shows how successfully a business is meeting its primary goals.
SMART Objectives
Specific, Measurable, Achievable, Relevant, and Time-bound goals that provide clear direction and criteria for success.
Tracking
The process of monitoring and recording the behavior or movements of objects or people, often used in the context of data analysis and optimization.
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