GAQM Exam CLSSBB-001 Topic 5 Question 59 Discussion

Actual exam question for GAQM's CLSSBB-001 exam

Question #: 59
Topic #: 5

When one speaks of 20% of something contributing 80% of the affect they are referring to what is known as the _________________.

AShewhart Example

BConnection Principle

CBalance Equation

DPareto Principle

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Suggested Answer: A

by Shawna at Sep 12, 2024, 08:30 PM

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Eden

3 months ago

Hmm, the Pareto Principle, eh? I guess that's why they call it the 'vital few and the trivial many'.

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Ma

1 months ago

That's right, the Pareto Principle helps us prioritize our efforts efficiently.

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Alita

1 months ago

C) Balance Equation

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Justine

1 months ago

B) Connection Principle

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Vallie

2 months ago

Exactly, it's all about focusing on the most important factors.

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Julie

2 months ago

D) Pareto Principle

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Arletta

2 months ago

A) Shewhart Example

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Daren

3 months ago

Pareto Principle, for sure. It's all about that vital few versus the trivial many, right?

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Maybelle

2 months ago

Definitely! It's all about prioritizing and focusing on what really matters.

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Mabel

2 months ago

It's interesting how a small portion can have such a big influence on the overall outcome.

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Carlton

2 months ago

Yes, you're right! The Pareto Principle focuses on the significant impact of a small percentage.

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Golda

3 months ago

Ah, the good old 80/20 rule. I remember that from my business management class. Definitely the right answer here.

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Germaine

1 months ago

Definitely a useful concept to keep in mind for decision-making.

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Ryan

2 months ago

It's amazing how often that principle applies in different situations.

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Lonny

2 months ago

That's right, the Pareto Principle is all about that 80/20 rule.

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Suzan

2 months ago

I agree, it's the Pareto Principle.

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Francesco

3 months ago

A) Shewhart Example

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Francesco

3 months ago

D) Pareto Principle

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Hannah

3 months ago

I'm not sure, but I think Pareto Principle is about focusing on the vital few factors that contribute the most impact.

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Paulene

3 months ago

I agree with Phuong, Pareto Principle makes sense in this context.

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Jamika

3 months ago

The Pareto Principle! Sounds like something my economics professor was always going on about.

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Cecily

2 months ago

I remember learning about it in business school too. It's a powerful tool for prioritizing tasks.

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Nickole

2 months ago

Definitely! It's a concept that can be applied in various fields, not just economics.

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Noel

3 months ago

It's interesting how a small percentage can have a big impact, right?

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Jacqueline

3 months ago

Yes, that's right! The Pareto Principle is also known as the 80/20 rule.

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Phuong

4 months ago

I think the answer is D) Pareto Principle.

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