CIPS Exam A7 Topic 1 Question 63 Discussion

Actual exam question for CIPS's A7 exam

Question #: 63
Topic #: 1

[All A7 Questions]

Which of the following best describes the technique Pareto analysis?

AThe law of diminishing marginal returns

BThe law of the trivial few but important many

CThe law of unintended consequences

DThe law of the important few but the trivial many

Show Suggested Answer

Suggested Answer: C

by Mary at Jul 11, 2024, 04:01 AM

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Orville

1 years ago

I'm feeling Pareto-noid about this one, but I'll go with D. The law of the important few but the trivial many. Gotta focus on the big hitters, am I right?

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Polly

12 months ago

Definitely, Pareto analysis helps us identify where to put our efforts for the best results.

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Leonida

12 months ago

Yeah, it's all about prioritizing and maximizing impact.

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Buddy

12 months ago

Definitely, Pareto analysis helps us identify where to focus our efforts.

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Terrilyn

1 years ago

I agree, focusing on the important few can really make a difference.

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Beula

1 years ago

I think D makes the most sense in this context.

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Gabriele

1 years ago

Yeah, it's all about prioritizing and maximizing impact.

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Amos

1 years ago

I agree, focusing on the important few can really make a difference.

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Marquetta

1 years ago

Haha, this question is a real Pareto-dox! But I think the answer is D. The law of the important few but the trivial many. It's all about prioritizing the vital factors over the trivial ones.

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Bernardo

1 years ago

I'm not sure, but B sounds good to me. The law of the trivial few but important many - that's like the 80/20 rule, isn't it?

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Tawna

1 years ago

I'm going with C. The law of unintended consequences. Pareto analysis is all about uncovering the unexpected patterns that lead to the majority of the outcomes, right?

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Quentin

12 months ago

C) The law of unintended consequences

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Chaya

1 years ago

B) The law of the trivial few but important many

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Nathan

1 years ago

A) The law of diminishing marginal returns

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Chery

1 years ago

C) The law of unintended consequences

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Kenia

1 years ago

B) The law of the trivial few but important many

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Emerson

1 years ago

A) The law of diminishing marginal returns

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Jannette

1 years ago

Actually, Stevie, Pareto analysis is about prioritizing the vital few over the trivial many, so I think B) is the correct answer.

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Stevie

1 years ago

I'm not sure, but I think it might be D) The law of the important few but the trivial many.

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Tenesha

1 years ago

D is the correct answer. Pareto analysis is about the law of the important few but the trivial many. It's all about identifying the critical factors that drive the majority of the results.

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Francisca

1 years ago

I think the answer is B. The law of the trivial few but important many. Pareto analysis is all about focusing on the vital few that contribute the most to the overall outcome.

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