The application of the Pareto Principle helps to focus an organization's attention on the critical few issues or activities that will result in the greatest benefit. What percentage are typically referred to as the "critical few"?

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The Pareto Principle, also known as the 80/20 rule, suggests that 20% of the causes are responsible for 80% of the effects, meaning the "critical few" typically refers to 20% of the issues or activities.

The Application of the Pareto Principle Helps to Focus an Organization's