Which Analytical Tool Is Often Used to Separate the "Vital

question 185

Multiple Choice

Which analytical tool is often used to separate the "vital few" from the "trivial many"?

• A)Pareto diagram
• B)pie chart
• C)line chart
• D)histogram

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Definitions:

Society Values

The principles, standards, or ideals shared by members of a society regarding what is desirable or important.

Marginal Revenue Product

Incremental income produced from the application of one additional unit of resources such as labor or capital.

Derived Demand

Demand for a commodity, service, etc., that is a consequence of the demand for something else.

Inputs Demand

The requirement for resources and materials necessary to produce goods and services in an economy.