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Final answer:
Key Performance Indicators (KPIs) are crucial in measuring and tracking progress towards goals in businesses and organizations, providing valuable data for decision-making.
Explanation:
Key Performance Indicators (KPIs) are measurable factors that indicate progress towards achieving goals in a business or organization. They provide specific data that helps assess performance and guide decision-making processes. For example, KPIs can measure aspects like time spent on project activities, budget adherence, or activity completion rates.
Learn more about Key Performance Indicators (KPIs) here:
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