Which of the Following Statements Is NOT True About the 80/20

question 10

Multiple Choice

Which of the following statements is NOT true about the 80/20 Rule?

• A)The numbers 80 and 20 in the name of this "rule" are meant only to represent "large" and "small" amounts
• B)It cannot be used to identify repeat offenders
• C)the actual proportions change depending on the type of activity and nature of the community in which it occurs
• D)That 80% (number of repeat offenses)of some kinds of outcomes are the results of only 20% (number of repeat victims or targets)of the related causes

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Definitions:

Desired Margin

The profit margin a company aims for over the cost of a product or service.

Increase Price

The act of raising the cost at which goods or services are sold, usually to reflect higher production costs or to gain greater profit margins.

Own-Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in its own price, with higher elasticity indicating greater sensitivity.

Brand of Shoes

A specific make or line of footwear identified by a unique name or symbol, often associated with certain quality, style, or prestige.