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When one speaks of 20% of something contributing 80% of the affect they are referring to what is known as the _________________.
Suggested Answer: A
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40 comments · newest first
MA
Maryann
11 months ago
Yup, Pareto Principle is the correct term here!
KA
Karol
11 months ago
I thought it was just a theory, not a hard rule.
LA
Lavonne
11 months ago
Wait, is it really always 80% from 20%? Sounds too neat.
ME
Melissa
12 months ago
Totally agree, it's all about that 80/20 rule!
JO
Jolene
12 months ago
It's called the Pareto Principle!
JE
Jesus
12 months ago
I’m pretty confident it’s the Pareto Principle. We discussed how it applies to various fields, especially in economics and business.
FA
Fausto
1 year 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!
MA
Marion
1 year 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.
DE
Derick
1 year ago
I think this might be the Pareto Principle, but I'm not completely sure. It sounds familiar from our last review session.
KA
Kate
1 year 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.
KR
Kristel
1 year ago
The Pareto Principle, for sure. I remember learning about that in class - it's a really useful concept.
RO
Roxane
1 year ago
Hmm, this one seems straightforward. The 80/20 rule, or Pareto Principle, is definitely the answer here.
DA
Darell
1 year 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.
GL
Glynda
1 year 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.
ED
Eden
1 year ago
Hmm, the Pareto Principle, eh? I guess that's why they call it the 'vital few and the trivial many'.
MA
Ma
1 year ago
That's right, the Pareto Principle helps us prioritize our efforts efficiently.
AL
Alita
1 year ago
C) Balance Equation
JU
Justine
1 year ago
B) Connection Principle
VA
Vallie
1 year ago
Exactly, it's all about focusing on the most important factors.
JU
Julie
1 year ago
D) Pareto Principle
AR
Arletta
1 year ago
A) Shewhart Example
DA
Daren
1 year ago
Pareto Principle, for sure. It's all about that vital few versus the trivial many, right?
MA
Maybelle
1 year ago
Definitely! It's all about prioritizing and focusing on what really matters.
MA
Mabel
1 year ago
It's interesting how a small portion can have such a big influence on the overall outcome.
CA
Carlton
1 year ago
Yes, you're right! The Pareto Principle focuses on the significant impact of a small percentage.
GO
Golda
2 years ago
Ah, the good old 80/20 rule. I remember that from my business management class. Definitely the right answer here.
GE
Germaine
1 year ago
Definitely a useful concept to keep in mind for decision-making.
RY
Ryan
1 year ago
It's amazing how often that principle applies in different situations.
LO
Lonny
1 year ago
That's right, the Pareto Principle is all about that 80/20 rule.
SU
Suzan
1 year ago
I agree, it's the Pareto Principle.
FR
Francesco
1 year ago
A) Shewhart Example
FR
Francesco
1 year ago
D) Pareto Principle
HA
Hannah
2 years ago
I'm not sure, but I think Pareto Principle is about focusing on the vital few factors that contribute the most impact.
PA
Paulene
2 years ago
I agree with Phuong, Pareto Principle makes sense in this context.
JA
Jamika
2 years ago
The Pareto Principle! Sounds like something my economics professor was always going on about.
CE
Cecily
1 year ago
I remember learning about it in business school too. It's a powerful tool for prioritizing tasks.
NI
Nickole
1 year ago
Definitely! It's a concept that can be applied in various fields, not just economics.
NO
Noel
1 year ago
It's interesting how a small percentage can have a big impact, right?
JA
Jacqueline
2 years ago
Yes, that's right! The Pareto Principle is also known as the 80/20 rule.
PH
Phuong
2 years ago
I think the answer is D) Pareto Principle.