The 80/20 Principle

question 83

Multiple Choice

The 80/20 principle:

• A) is a territorial management concept that favors a salesperson putting 80 percent of his time on planning and 20 percent on action.
• B) refers to the fact that eighty salespeople require twenty sales managers to keep the appropriate 1-to-4 ratio of supervisors to employees.
• C) indicates that no matter how hard a salesperson tries, 80 percent of the customer's potential business ends up going to competitors.
• D) is a territorial management concept that favors a salesperson putting 80 percent of her time on action and 20 percent on planning.
• E) refers to the idea that 20 percent of a firm's customers account for 80 percent of a firm's profitability.

Understand the role of ciliary muscles in accommodation and vision.

Identify the layers and specific components of the retina.

Recognize the significance of the optic disc and its role in vision.

Distinguish between the anterior and posterior cavities of the eye.

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Definitions:

Fordism

Is a method of industrial management based on assembly-line methods of producing inexpensive, uniform commodities in high volume.

McDonaldization

A term referring to the process by which the principles of fast food restaurants, such as efficiency, calculability, predictability, and control, are coming to dominate more sectors of society and everyday life.

Deskilling

The process by which skilled labor within an industry or economy is eliminated by the introduction of technologies or systems that reduce the need for skilled workers.

Economy

The system of production, distribution, and consumption of goods and services within a society.