GAQM CLSSBB-001 Exam - 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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Maryann

9 months ago

Yup, Pareto Principle is the correct term here!

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Karol

9 months ago

I thought it was just a theory, not a hard rule.

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Lavonne

10 months ago

Wait, is it really always 80% from 20%? Sounds too neat.

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Melissa

10 months ago

Totally agree, it's all about that 80/20 rule!

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Jolene

10 months ago

It's called the Pareto Principle!

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Jesus

10 months ago

I’m pretty confident it’s the Pareto Principle. We discussed how it applies to various fields, especially in economics and business.

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Fausto

10 months ago

I feel like I've seen similar terms before, but I can't recall if it's the Balance Equation or something else. This is tricky!

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Marion

11 months ago

I remember practicing a question about this concept, and I think it was definitely related to the 80/20 rule. So, I'm leaning towards option D.

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Derick

11 months ago

I think this might be the Pareto Principle, but I'm not completely sure. It sounds familiar from our last review session.

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Kate

11 months ago

Ugh, I'm not totally sure about this one. I know it has something to do with that 80/20 rule, but I can't remember the exact term. Gotta think this through carefully.

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Kristel

11 months ago

The Pareto Principle, for sure. I remember learning about that in class - it's a really useful concept.

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Roxane

11 months ago

Hmm, this one seems straightforward. The 80/20 rule, or Pareto Principle, is definitely the answer here.

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Darell

11 months ago

Okay, let me think this through. 20% contributing 80% - that sounds like the Pareto Principle, but I want to double-check the other options just to be sure.

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Glynda

11 months ago

Okay, I think I understand what I need to do here. I'll select the table and then look for the option to resize the columns.

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Eden

1 year 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 year ago

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

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Alita

1 year ago

C) Balance Equation

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Justine

1 year ago

B) Connection Principle

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Vallie

1 year ago

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

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Julie

1 year ago

D) Pareto Principle

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Arletta

1 year ago

A) Shewhart Example

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Daren

1 year ago

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

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Maybelle

1 year ago

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

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Mabel

1 year ago

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

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Carlton

1 year ago

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

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Golda

1 year 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 year ago

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

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Ryan

1 year ago

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

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Lonny

1 year ago

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

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Suzan

1 year ago

I agree, it's the Pareto Principle.

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Francesco

1 year ago

A) Shewhart Example

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Francesco

1 year ago

D) Pareto Principle

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Hannah

1 year 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

1 year ago

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

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Jamika

1 year ago

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

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Cecily

1 year ago

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

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Nickole

1 year ago

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

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Noel

1 year ago

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

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Jacqueline

1 year ago

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

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Phuong

1 year ago

I think the answer is D) Pareto Principle.

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