[02/Victoria/01]

<p>True</p> Signup and view all the answers

<p>True</p> Signup and view all the answers

<p>True</p> Signup and view all the answers

<p>Flow.BI = Always generates a valid Data Vault 2.0 model Improved concept classifications = Easiest option to improve the Data Vault 2.0 model Activities other than adjusting rules = Provide less added value in improving the model Better classification of concepts = Leads to higher quality of the generated model</p> Signup and view all the answers

<p>Concept classification = Best &quot;effort vs quality gain&quot; ratio Flow.BI = Always generates a valid model Improved model = Direct result of better concept classification Adjusting rules = Provides less added value in improving the model</p> Signup and view all the answers

<p>Adjusting rules = Provides less added value Improving concept classifications = Provides the most added value Flow.BI = Always generates a valid model regardless of added value Other activities = Provide less added value compared to improving concept classifications</p> Signup and view all the answers

<p>Pareto rule = States that for many outcomes, roughly 80% of consequences come from 20% of causes Efficiency = The ability to accomplish a job with a minimum expenditure of time and effort Effectiveness = The degree to which objectives are achieved and the extent to which targeted problems are solved Allocation of resources = The process of distributing resources in an organization to achieve optimal efficiency and effectiveness</p> Signup and view all the answers

<p>20% of the employees produce 80% of the results = Identifying the 20% of employees who are responsible for the 80% of outcomes 20% of the customers generate 80% of the revenue = Focusing the marketing and sales efforts on the 20% of customers 20% of the software bugs cause 80% of the software failures = Prioritizing the fixing of the 20% of bugs 20% of the investments produce 80% of the investment profits = Focusing on the 20% of investments that are most profitable</p> Signup and view all the answers

<p>Prioritizing tasks = Focusing on the 20% of tasks that will produce the 80% of results Identifying opportunities = Focusing on the 20% of areas that are causing the 80% of problems Allocating resources = Focusing on the 20% of activities that will produce the 80% of results Improving efficiency = Using the Pareto rule to allocate resources and prioritize tasks effectively</p> Signup and view all the answers

<p>A company focuses on the 20% of customers who are responsible for 80% of its revenue = Pareto rule applied to customer segmentation A company focuses on the 20% of products that are responsible for 80% of its profits = Pareto rule applied to product profitability A manager identifies the 20% of employees who are responsible for 80% of the team's success = Pareto rule applied to employee performance A project manager identifies the 20% of project tasks that will produce 80% of the project's results = Pareto rule applied to task prioritization</p> Signup and view all the answers

<p>Cause = The reason or motive for an action or condition Consequence = A result or effect of an action or condition Principle = A fundamental truth or proposition that serves as the foundation for a system of belief or behavior Outcome = The way a thing turns out; a consequence</p> Signup and view all the answers

<p>Marketing = Identifying the 20% of customers who generate 80% of the revenue Sales = Focusing efforts on the 20% of customers who are responsible for 80% of the sales Product development = Identifying the 20% of products that generate 80% of the profits Resource allocation = Focusing on the 20% of activities that will produce the 80% of results</p> Signup and view all the answers

<p>80% = The percentage of consequences that come from 20% of causes 20% = The percentage of causes that lead to 80% of consequences 100% = The total sum of all causes and consequences 0% = The percentage of causes or consequences that have no impact</p> Signup and view all the answers

<p>Business = Identifying the 20% of factors that contribute to 80% of success Project management = Prioritizing the 20% of tasks that will produce the 80% of results Problem solving = Focusing on the 20% of areas that are causing the 80% of problems Resource management = Allocating resources to the 20% of activities that will produce the 80% of results</p> Signup and view all the answers

<p>Contribution = The act of giving or doing something Prioritization = The action or process of deciding the relative importance or urgency of tasks Efficiency = The ability to accomplish a job with a minimum expenditure of time and effort Effectiveness = The degree to which objectives are achieved and the extent to which targeted problems are solved</p> Signup and view all the answers

<p>The Pareto rule states that for many outcomes, roughly 80% of consequences come from 20% of causes = Definition of the Pareto rule The Pareto rule is often used in business to identify the most important factors that contribute to success = Application of the Pareto rule The Pareto rule is not a precise rule, and it does not apply to all situations = Limitation of the Pareto rule The Pareto rule can be a useful tool for identifying the most important factors that contribute to success = Benefit of using the Pareto rule</p> Signup and view all the answers

<p>80%</p> Signup and view all the answers

<p>80%</p> Signup and view all the answers

<p>80%</p> Signup and view all the answers

<p>80%</p> Signup and view all the answers

<p>80%</p> Signup and view all the answers

<p>False</p> Signup and view all the answers

<p>20% of the employees produce 80% of the results.</p> Signup and view all the answers

<p>Analyzing data</p> Signup and view all the answers

<p>True</p> Signup and view all the answers

<p>80/20 rule</p> Signup and view all the answers

<p>True</p> Signup and view all the answers

<p>False</p> Signup and view all the answers

<p>True</p> Signup and view all the answers

<p>True</p> Signup and view all the answers

<p>True</p> Signup and view all the answers

<p>True</p> Signup and view all the answers

<p>True</p> Signup and view all the answers

<p>False</p> Signup and view all the answers

<p>False</p> Signup and view all the answers

<p>False</p> Signup and view all the answers