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APICS CPIM Exam - Topic 1 Question 123 Discussion

When a small number of items often dominate the results achieved in any situation, this is called:
C) Pareto's law
A) Standard law
B) Recessive Act
D) Petite Act

APICS CPIM Exam - Topic 1 Question 123 Discussion

Actual exam question for APICS's CPIM exam
Question #: 123
Topic #: 1
[All CPIM Questions]

When a small number of items often dominate the results achieved in any situation, this is called:

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Suggested Answer: C

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I think it's Pareto's law.
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Juliann
5 days ago
Standard law sounds familiar, but I think it's Pareto too.
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Leonor
10 days ago
I thought it was called something else!
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Johnetta
15 days ago
Wait, is it really that simple?
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Daren
2 months ago
Totally agree, Pareto's law is so true!
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Fredric
2 months ago
It's definitely C) Pareto's law.
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Hobert
3 months ago
I'm torn between Pareto's law and the other options. I just can't recall the specifics of the definitions!
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Taryn
3 months ago
I feel like I've seen "Standard law" mentioned before, but it doesn't seem to fit this context.
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Leonie
3 months ago
I remember practicing a question about this in our last review session, and I think it was definitely Pareto's law.
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Marta
3 months ago
I think this might be related to the 80/20 rule, which sounds like Pareto's law, but I'm not entirely sure.
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