The ____ Asserts That a Minority of Causes, Inputs, or Effort

question 18

Multiple Choice

The ____ asserts that a minority of causes, inputs, or effort usually leads to a majority of the results, outputs, or rewards.

• A) MBO cycle
• B) Principle of Diminishing Returns
• C) Project Life Cycle
• D) PERT network
• E) 80/20 Principle

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Definitions:

Implied Authority

The authority of an agent that arises by inference from the words and actions of the principal.

Express Authority

The authority of an agent that arises when the principal explicitly instructs the agent to do something. Also called actual authority.

Equitable Parity Rule

A legal principle ensuring fair treatment of all parties by balancing interests in a judicial or contractual scenario.

Express Authority

Explicit permission granted to an individual or entity to act on behalf of another, typically in a legal or business context.