CIPS Exam A7 Topic 1 Question 63 Discussion

Actual exam question for CIPS's A7 exam

Question #: 63
Topic #: 1

[All A7 Questions]

Which of the following best describes the technique Pareto analysis?

AThe law of diminishing marginal returns

BThe law of the trivial few but important many

CThe law of unintended consequences

DThe law of the important few but the trivial many

Show Suggested Answer

Suggested Answer: C

by Mary at Jul 11, 2024, 03:01 AM

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Orville

11 months ago

I'm feeling Pareto-noid about this one, but I'll go with D. The law of the important few but the trivial many. Gotta focus on the big hitters, am I right?

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Polly

9 months ago

Definitely, Pareto analysis helps us identify where to put our efforts for the best results.

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Leonida

9 months ago

Yeah, it's all about prioritizing and maximizing impact.

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Buddy

10 months ago

Definitely, Pareto analysis helps us identify where to focus our efforts.

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Terrilyn

10 months ago

I agree, focusing on the important few can really make a difference.

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Beula

10 months ago

I think D makes the most sense in this context.

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Gabriele

10 months ago

Yeah, it's all about prioritizing and maximizing impact.

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Amos

11 months ago

I agree, focusing on the important few can really make a difference.

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Marquetta

11 months ago

Haha, this question is a real Pareto-dox! But I think the answer is D. The law of the important few but the trivial many. It's all about prioritizing the vital factors over the trivial ones.

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Bernardo

11 months ago

I'm not sure, but B sounds good to me. The law of the trivial few but important many - that's like the 80/20 rule, isn't it?

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Tawna

11 months ago

I'm going with C. The law of unintended consequences. Pareto analysis is all about uncovering the unexpected patterns that lead to the majority of the outcomes, right?

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Quentin

10 months ago

C) The law of unintended consequences

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Chaya

10 months ago

B) The law of the trivial few but important many

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Nathan

10 months ago

A) The law of diminishing marginal returns

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Chery

10 months ago

C) The law of unintended consequences

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Kenia

11 months ago

B) The law of the trivial few but important many

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Emerson

11 months ago

A) The law of diminishing marginal returns

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Jannette

11 months ago

Actually, Stevie, Pareto analysis is about prioritizing the vital few over the trivial many, so I think B) is the correct answer.

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Stevie

11 months ago

I'm not sure, but I think it might be D) The law of the important few but the trivial many.

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Tenesha

11 months ago

D is the correct answer. Pareto analysis is about the law of the important few but the trivial many. It's all about identifying the critical factors that drive the majority of the results.

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Francisca

11 months ago

I think the answer is B. The law of the trivial few but important many. Pareto analysis is all about focusing on the vital few that contribute the most to the overall outcome.

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