Yes, it’s called holistic. A kid with off the charts musical accomplishments or a ranked chess player or ballet dancer does not need to be valedictorian. A kid who grew up in a homeless shelter but has strong grades and scores does not need a lot of EC leadership. A kid who already has a scientific patent in an important sub-field of genetics does not need 10 AP classes.
Etc. All things are important- but each kid does not need to present each and everything to perfection. That’s why it’s called holistic.