Final answer:
A custom report can indeed be used for dashboard components. This enables the creation of personalized dashboards that provide relevant insights for specific monitoring and analysis needs.
Step-by-step explanation:
Yes, a custom report can be used for dashboard components. Dashboards in many platforms, especially in business intelligence tools and Customer Relationship Management (CRM) systems, are designed to display summarized data visualizations such as charts, gauges, tables, and other types of widgets. Each of these components can typically be generated from a custom report that has been tailored to show a specific set of data points or metrics that align with what a user or business aims to monitor and analyze regularly. By using these custom reports, you can create personalized dashboards that offer insights relevant to your specific needs or the objectives of your organization.