A Firm Generates a Monthly Profit of $160,000 Dollars

question 75

Multiple Choice

A firm generates a monthly profit of $160,000 dollars. If the 80/20 rule applies to this firm's products, which of the following statement is true?

• A) The firm generates $160,000 in profit from 80% of its products.
• B) The firm generates $128,000 in profit from 80% of its products.
• C) The firm generates $128,000 in profit from 20% of its products.
• D) The firm generates $80,000 in profit from 20% of its products.
• E) The firm generates $64,000 in profit from 20% of its products.

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Definitions:

Tax Collector

An official or entity responsible for collecting taxes on behalf of a government.

Laissez-faire Leader

A leadership style characterized by minimal direct supervision, allowing team members significant freedom in how they accomplish their work.

Tasks

Specific duties or activities assigned to individuals or teams as part of their roles or projects.

People

Human beings, individually or collectively, considered in a social, professional, or personal context.