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

question 46

Multiple Choice

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"?

• A) 20%
• B) 40%
• C) 60%
• D) 80%

---

Definitions:

Policy Recommendation

A proposal provided by experts or analysts on specific ways to address a particular issue or to improve a situation.

Homeless People

Homeless people are individuals who lack a fixed, regular, and adequate nighttime residence, including those living on the streets, shelters, or in unstable housing situations.

Efficient Economy

An economic system where resources are allocated optimally to meet the needs and wants of its participants, minimizing waste.

Consumer Demand

The desire of purchasers, consumers, or buyers for products or services which they are willing and able to buy.