The 80/20 Rule Quiz

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Questions and Answers

According to the 80/20 rule, which of the following statements is most accurate?

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

Which of the following is an example of the 80/20 rule?

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

When have you used a small amount of time to create a big change?

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

What is the 80/20 rule and how does it apply to creating big changes? Provide an example.

<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

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