ENTREPRENEURIAL OPERATIONS
TIME MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Using Pareto’s Principle, what task should be completed first?
|
|
Clean apartment (effort 4, result 5, priority .8)
|
|
|
Complete online midterm (effort 6, result 10, priority .6)
|
|
|
Call mom (effort 3, result 3, priority 1)
|
|
|
Review notes (effort 4, result 3, priority 1.3)
|
Explanation:
Detailed explanation-1: -The 80/20 rule is a statistical principle that states that 80% of results often come from approximately 20% of causes. For example, in business, it is often said that 80% of sales result from 20% of clients.
Detailed explanation-2: -The 80/20 Rule (also known as the Pareto principle or the law of the vital few & trivial many) states that, for many events, roughly 80% of the effects come from 20% of the causes.
There is 1 question to complete.