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What Is a "Contingent" Assessment Method? Give an Example and Describe

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Essay

What is a "contingent" assessment method? Give an example and describe when contingent assessment methods should be used.


Definitions:

Critical Success Factors

The essential elements or conditions required for ensuring the success of an organization or a project.

Financial Performance Measures

Metrics used to assess a company's financial health and operational efficiency, such as net income, return on investment, and earnings per share.

Lag Indicators

Metrics that reflect the results of actions already taken, providing insight into performance after the fact.

Lead Indicators

Early signs or measurements that can predict future performance or trends.

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