Dear Penndreamer:
Using the word 'gud' even if it's just text speech here somehow gives me pause, but to answer your question, I don't think that Penn looks at applications and says, 'Hmm. I think this student is good enough to attend our university, let's accept him.' They don't want students that are simply 'gud' enough, though I suppose those students exist everywhere.
The Penn Admission webpages do go over what they are looking for in their applicants. Interestingly, I was recently reviewing them and I realized how dead on they were pertaining to my son's admission. Other universities in the Ivy League were not as transparent, in my opinion, or aligned with what they seemed to state upfront, though he was accepted at others, too. Penn seems to mean what they say.
On princetonreview.com they have a list that seems fairly accurate with what we experienced:
Test Prep: GMAT, GRE, LSAT, MCAT, SAT, ACT, and More
Freshman Admissions Factors/
Academic Criteria Importance
Rigor of Secondary School Record: Very important
Class Rank: Important
Academic GPA: Important
Standardized Test Scores: Important
Application Essay: Important
Recommendation(s): Very important
Non-Academic Criteria Importance
Interview: Considered
Extracurricular Activities: Important
Talent / Ability: Considered
Character / Personal Qualities: Very important
First Generation: Considered
Alumni/ AE Relation: Considered
Geographical Residence: Considered
State Residency: Not Considered
Religious Affiliation / Commitment: Not Considered
Racial / Ethnic Status: Considered
Volunteer Work: Considered
Work Experience: Important
Level of applicant's interest: Not Considered