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:

Operational Definition

A clear, precise description of how variables are measured or defined in a research study.

Abstract Conceptual Variable

A variable that represents intangible qualities or ideas that are not directly observable but can still be measured through indirect means.

Death Anxiety

The fear or apprehension about the inevitability of death or the dying process, which can influence personal behavior, beliefs, and psychological well-being.

Independent Variable

The variable that is manipulated or changed in an experiment to test its effects on the dependent variable.