According to the "80/20 Rule," It Is Common to Find

question 3

True/False

According to the "80/20 rule," it is common to find that about 80 percent of a firm's business comes from only about 20 percent of its customers.

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Definitions:

Factory

A building or set of buildings where goods are manufactured or assembled chiefly by machine.

Process Cost Accounting

An accounting method that accumulates costs for each process or department within a manufacturing environment.

Departments

Distinct units or divisions within a company or organization, each responsible for specific areas of operation or tasks.

Factory

A facility or collection of facilities where items are produced or put together predominantly using machinery.