What does the Pareto principle state? A) A small proportion of effort, people or time (20 per cent) accounts for an equally small proportion of the results (80 per cent). D) A moderate proportion of effort, people or time (35 per cent) accounts for a large proportion of the results (80 per cent). E) A small proportion of effort, people or time (20 per cent) accounts for a moderate proportion of the results (35 per cent).

Question

What does the Pareto principle state?
A) A small proportion of effort, people or time (20 per cent) accounts for an equally small proportion of the results (<20 per cent).
B) A small proportion of effort, people or time (20 per cent) accounts for a large proportion of the results (80 per cent).
C) A large proportion of effort, people or time (80 per cent) accounts for an equally large proportion of the results (>80 per cent).
D) A moderate proportion of effort, people or time (35 per cent) accounts for a large proportion of the results (80 per cent).
E) A small proportion of effort, people or time (20 per cent) accounts for a moderate proportion of the results (35 per cent).

Quizplus · Accepted Answer

The Pareto principle, also known as the 80/20 rule, states that a small proportion of effort, people, or time (20 per cent) accounts for a large proportion of the results (80 per cent). This principle is often used in business management to identify the most important tasks, customers, or products that generate the majority of revenue or profit.

What Does the Pareto Principle State