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Which of the following defines a process where some things will be very important for achieving an objective or solving a problem and other things will not be as important?Multiple ChoiceModelsSystems approachAnalysis of trade offsPareto phenomenon

Question

Which of the following defines a process where some things will be very important for achieving an objective or solving a problem and other things will not be as important?Multiple ChoiceModelsSystems approachAnalysis of trade offsPareto phenomenon

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Solution

The correct answer is "Pareto phenomenon". This principle, also known as the 80/20 rule, suggests that 80% of results come from 20% of efforts. In other words, some things (the 20%) will be very important for achieving an objective or solving a problem, while the other things (the 80%) will not be as important.

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