The 80/20 Rule Quiz

80% of the results come from 20% of the effort (correct)

80% of the effort leads to 80% of the results

20% of the results come from 80% of the effort

80% of the effort leads to 20% of the results

A company generates 80% of its revenue from 20% of its customers (correct)

A company generates 80% of its revenue from 80% of its customers

A company generates 20% of its revenue from 80% of its customers

A company generates equal revenue from all of its customers

I spent 80% of my time on a project and achieved 20% of the desired outcome

I spent 20% of my time on a project and achieved 80% of the desired outcome (correct)

I spent equal time on all aspects of a project and achieved equal outcomes

I spent 80% of my time on a project and achieved 80% of the desired outcome

<p>The 80/20 rule, also known as the Pareto Principle, states that 80% of the results come from 20% of the efforts. This means that a small portion of the input or effort usually leads to a large portion of the output or outcome. An example of applying this rule to create a big change is when a company identifies that 20% of their products generate 80% of their revenue. By focusing their resources and efforts on those top-performing products, they can maximize their profits and create a significant impact on their overall business success.</p> Signup and view all the answers