A Pareto Chart Is Used to Organize and Summarize Ideas

question 19

True/False

A Pareto chart is used to organize and summarize ideas or issues generated by team members.

---

Definitions:

Behavioral Economists

Economists who study the effects of psychological, cognitive, emotional, cultural, and social factors on the economic decisions of individuals and institutions and the consequences for market prices, returns, and resource allocation.

Decision Making

The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.

Behavioral Economist

An expert who studies the effects of psychological, cognitive, emotional, cultural, and social factors on economic decisions by individuals and institutions.

Sugary Treats

Foods high in sugar content, often lacking in nutritional value, and considered to be indulgent or non-essential for a healthy diet.