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Explain the Three Sources of Feedback

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Essay

Explain the three sources of feedback.


Definitions:

Return On Investment

A financial metric used to evaluate the efficiency of an investment, calculated as net profit divided by the cost of the investment.

Incentive Compensation

A form of performance-based pay where employees receive additional compensation for meeting or exceeding targets or metrics.

Balanced Scorecard

A strategic planning and management system used for aligning business activities to the vision and strategy of the organization, improving internal and external communications, and monitoring organizational performance against strategic goals.

Inspection Time

The amount of time dedicated to examining and verifying the quality of products or materials.

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