The "80/20 Rule" Says That

question 71

Multiple Choice

The "80/20 rule" says that:

• A) only 20 out of every 100 firms use formal accounting controls.
• B) a firm should hire 20 sales reps for every 80 customers.
• C) marketing accounts for 80 percent of a typical consumer's dollar.
• D) even though a firm is showing a profit, 80 percent of its business might be coming from only 20 percent of its customers.
• E) usually about 20 percent of a firm's customers are unprofitable.

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Definitions:

1960s

A decade marked by significant social, cultural, and political changes around the world, including the civil rights movement, counterculture, and significant advancements in science and technology.

Sunbelt

A region in the United States comprising the Southeast and the Southwest, known for its warm climate, growing economic opportunities, and significant population growth in the late 20th century.

Second Wave Feminism

A movement that began in the early 1960s in the United States focusing on issues of equality and discrimination, including workplace inequality, legal inequalities, and reproductive rights.

Civil Rights Movement

The struggle for social justice in the 1950s and 1960s in the United States, primarily aiming to end racial discrimination and gain equal rights under the law for African Americans.