Asked by Lucia Callista on Jun 10, 2024
Verified
Which of these is also known as the 80/20 rule?
A) Linear programming
B) Contingency planning
C) Pareto analysis
D) Fishbone analysis
E) Strategic scanning
Pareto Analysis
A statistical technique used in decision making that is based on the principle that 80% of effects come from 20% of causes, often used to prioritize tasks.
80/20 Rule
A principle stating that 80% of effects come from 20% of causes, often used to highlight the importance of focusing on the most productive inputs.
- Understand the essential principles of quality management and the originators who championed quality within production and operational activities.
Verified Answer
RG
Ricardo GarzaJun 14, 2024
Final Answer :
C
Explanation :
The 80/20 rule is also known as the Pareto principle or Pareto analysis. This rule states that roughly 80% of effects come from 20% of causes.
Learning Objectives
- Understand the essential principles of quality management and the originators who championed quality within production and operational activities.