Todd Harris and Associates, a New York Sales Promotion Agency

question 2

Multiple Choice

Todd Harris and Associates, a New York sales promotion agency, discovered from an analysis of its files that one-quarter (or 25 percent) of its clients generated more than three-quarters (or 75 percent) of its fees and commissions. This is an example of what classic concept?

• A)the two quarter gap
• B)the 80/20 rule
• C)the law of usage
• D)the 75/25 exchange
• E)Paul's Law

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Definitions:

Standard Deviation

An indicator of how dispersed or spread a set of values is, showing the degree to which these values deviate from the average.

Genius

An exceptional intellectual or creative power or other natural ability.

Water Consumption

The volume of water utilized by individuals, industries, agriculture, or other entities over a specific period.

National Center for Health Statistics

A U.S. government agency that compiles statistical information to guide actions and policies to improve the health of the American people.