The Pareto Principle, also known as the _________ rule, suggests that approximately 80% of outcomes result from 20% of efforts.
- 80/20
- Law of Diminishing Returns
- Murphy's Law
- Parkinson's Law
The correct answer is "80/20." The Pareto Principle, named after economist Vilfredo Pareto, states that roughly 80% of results come from 20% of efforts. It's a helpful concept for understanding where to focus efforts for maximum impact, whether in time management, resource allocation, or problem-solving. Recognizing this principle can lead to more efficient and effective decision-making.
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