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Differentiate between skill-based and competency-based pay systems.
Sales Revenue
The total income received by a company from its sales of goods or services, before any expenses are subtracted.
Cash Collected
The total amount of cash received by a company during a specific period, including receipts from sales, services, and other sources.
Quality
The degree to which a product, service, or process is free from defects, deficiencies, and significant variations, meeting specified standards or customer expectations.
Income Ratio
A financial metric that compares various income streams of a business to a key metric such as sales, to evaluate performance.
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