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GAQM Exam CLSSBB-001 Topic 5 Question 59 Discussion

Actual exam question for GAQM's CLSSBB-001 exam
Question #: 59
Topic #: 5
[All CLSSBB-001 Questions]

When one speaks of 20% of something contributing 80% of the affect they are referring to what is known as the _________________.

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Suggested Answer: A

Contribute your Thoughts:

Eden
28 days ago
Hmm, the Pareto Principle, eh? I guess that's why they call it the 'vital few and the trivial many'.
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Arletta
13 days ago
A) Shewhart Example
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Daren
1 months ago
Pareto Principle, for sure. It's all about that vital few versus the trivial many, right?
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Carlton
16 days ago
Yes, you're right! The Pareto Principle focuses on the significant impact of a small percentage.
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Golda
1 months ago
Ah, the good old 80/20 rule. I remember that from my business management class. Definitely the right answer here.
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Ryan
1 days ago
It's amazing how often that principle applies in different situations.
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Lonny
20 days ago
That's right, the Pareto Principle is all about that 80/20 rule.
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Suzan
25 days ago
I agree, it's the Pareto Principle.
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Francesco
27 days ago
A) Shewhart Example
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Francesco
1 months ago
D) Pareto Principle
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Hannah
2 months ago
I'm not sure, but I think Pareto Principle is about focusing on the vital few factors that contribute the most impact.
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Paulene
2 months ago
I agree with Phuong, Pareto Principle makes sense in this context.
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Jamika
2 months ago
The Pareto Principle! Sounds like something my economics professor was always going on about.
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Cecily
10 days ago
I remember learning about it in business school too. It's a powerful tool for prioritizing tasks.
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Nickole
21 days ago
Definitely! It's a concept that can be applied in various fields, not just economics.
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Noel
28 days ago
It's interesting how a small percentage can have a big impact, right?
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Jacqueline
1 months ago
Yes, that's right! The Pareto Principle is also known as the 80/20 rule.
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Phuong
2 months ago
I think the answer is D) Pareto Principle.
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