The 80/20 Rule Suggests That Business Owners

question 80

Multiple Choice

The 80/20 rule suggests that business owners:

• A)try to exercise control 80% of the time over 20% of their inventory.
• B)identify those inventory items that represent the greatest value to the business and focus inventory control efforts on them.
• C)focus on the 80% of their inventory that only produces 20% of their results in order to improve performance.
• D)try to earn 20% more out of the 80% of their inventory that isn't producing.

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Definitions:

NMR Spectrum

A representation of the nuclear magnetic resonance of a molecule, indicating the unique energy levels of atomic nuclei in a magnetic field.

Violent Crime

Acts of crime that involve force or the threat of force against others, including murder, assault, and robbery.

Potential For Violence

The likelihood or capacity of a person or situation to result in physical harm or aggressive behavior.