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In the accompanying figure, item 6 points to ____.
Pareto's Law
A principle stating that a small proportion of causes is responsible for a large portion of the effect, often summarized as 80% of effects come from 20% of causes.
80/20 Principle
The 80/20 Principle, also known as the Pareto Principle, is the idea that roughly 80% of effects come from 20% of causes, often observed in business, economics, and various other fields.
"Should Do" Objectives
Goals or aims that are considered important and beneficial for an individual or organization to attempt to achieve, though they might not be critical.
Planning Horizon
The time period over which an individual or organization projects, plans, and makes decisions for future actions.
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