________ often is referred to as the 80-20 rule because 80% of a given outcome typically results from 20% of an input.
A)Ishikawa charting
B)Pareto analysis
C)Rightsizing
D)Benchmarking

Question

Quizplus · Accepted Answer

Pareto analysis, also known as the Pareto principle or the 80-20 rule, is a problem-solving technique that identifies the most significant inputs (the 20%) that are causing the majority (80%) of the outcomes or problems. This analysis can be applied to various fields, including business, economics, and social sciences.

________ Often Is Referred to as the 80-20 Rule Because