Question

Which best describes the Pareto Principle?

a. People who are large in stature and good communicators often rise to the top of an organization
b. The "trivial many" take over an organization because the "vital few" cannot compete
c. Approximately 80% of the phenomena stem from 20% causes
d. Approximately 20% of production results from 80% of the incompetence of an organization

Answer 1

The Pareto Principle, also known as the 80/20 rule, suggests that approximately 80% of phenomena stem from 20% causes.

Step-by-step explanation:

The best description of the Pareto Principle is c. Approximately 80% of the phenomena stem from 20% causes. This principle, also known as the 80/20 rule, suggests that in many situations, a small number of causes or inputs are responsible for the majority of the effects or outcomes.

For example, in a sales context, it could mean that 80% of a company's sales come from 20% of its customers.