1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lyudmila [28]
3 years ago
10

While the percentages may not hold in a particular industry, the ______ rule suggests that a small fraction of customers provide

most of a firm's revenues.
Business
1 answer:
Talja [164]3 years ago
5 0

Answer:

The correct answer is 80/20.

Explanation:

The Pareto Principle was described by economist and sociologist Vilfredo Pareto, which specifies an unequal relationship between inputs and outputs. The principle states that 20% of what goes into or is invested is responsible for 80% of the results obtained. In other words, 80% of the consequences derive from 20% of the causes; This is also known as the "Pareto rule" or the "80/20 rule."

The principle does not stipulate that all situations are going to show exactly this relationship, it refers to a typical distribution. In general, the principle can be interpreted as a minority of causes deriving from most of the results.

You might be interested in
Why is it important to look at external sources of information when exploring product and service information?
baherus [9]

They help you find unbiased information about the product’s actual performance.

6 0
3 years ago
Read 2 more answers
What is the proper preparation sequencing of the following budgets? 1. Budgeted Balance Sheet 2. Sales Budget 3. Selling and Adm
sergij07 [2.7K]

Answer:

1. Sales Budget

2. Selling and Administrative Budget

3. Budgeted Income Statement

4. Budgeted Balance Sheet

Explanation:

First of all the sales budget is prepared in which expected sales are shown and then the selling and administrative budget is prepared which shows expenses related to sale.

The income statement budget is prepared which shows the expected income.

Then at last  Budgeted Balance Sheet  is prepared in which the expected income is transferred.

The order in which they appear is as follows.

1. Sales Budget

2. Selling and Administrative Budget

3. Budgeted Income Statement

4. Budgeted Balance Sheet

5 0
3 years ago
In a country where only two goods are produced and consumed, the production and consumption of Good X results in external benefi
Fudgin [204]

Answer:

Would unregulated markets produce too much or too little of Good X and Good Y, compared to the efficient output levels for these products?

Explanation:

Good X: Too Little

Good Y: Too Much

8 0
3 years ago
By paraphrasing, an individual is:
natita [175]
By paraphrasing, an individual is:
ANSWER C. Putting another person's idea into different words or context
6 0
3 years ago
Read 2 more answers
Jessep Corporation has a standard cost system in which manufacturingoverhead is applied to units of product on the basis of dire
Orlov [11]

Answer:

Standard fixed overhead rate

= Budgeted fixed overhead cost

  Budgeted direct labour hours

= $45,000

  15,000 hours

= $3 per direct labour hour

Fixed overhead volume variance

= (Standard hours - Budgeted hours) x Standard fixed overhead rate

= (12,000 hours - 15,000  hours)  x $3

= $9,000(U)

The correct answer is B

Explanation:

In this case, we need to calculate standard fixed overhead rate, which is budgeted fixed overhead cost  divided by budgeted direct labour hours. Then, we will calculate fixed overhead volume variance, which is the difference between standard hours and budgeted hours multiplied by standard fixed overhead rate.

8 0
3 years ago
Other questions:
  • Gni ppp, or gross national income divided by purchasing power parity, helps measure:
    8·1 answer
  • A registered representative invites 20 institutional clients to a seminar and allows each client to bring one guest. The sales s
    9·1 answer
  • Kendra is the new finance manager for a swiftly growing software company. She frequently works with other departments to assist
    6·1 answer
  • after you analyzed demand, you took steps to make sure your business made sense financially. How will thinking on the margin hel
    9·1 answer
  • In a perfectly competitive market, the process of entry and exit will end when (i) accounting profits are zero. (ii) economic pr
    7·1 answer
  • a checking account allows depositors to withdraw cash from an automated teller machine (atm) or write checks against money depos
    13·2 answers
  • Costs associated with two alternatives, code-named Q and R, being considered by Albiston Corporation are listed below: Alternati
    8·1 answer
  • Andrews Company currently has the following balances in their liability and equity accounts: Total Liabilities: $52,319,000 Comm
    6·1 answer
  • Assume that the price of the sub sandwiches is $4 and the price of tacos is $2. When Harry's income is $14 he buys two Italian s
    10·1 answer
  • How has globalization made countries more independent
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!