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Question 2 1 pts The Pareto principle is often called the 80--20 rule. True False
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The statement is TRUE.

The pareto principle is often called the 80-20 rule. It states that 80% of the results depends on the 20% of the activities. It helps to focus in deciding the important or crucial activities of the company. It also helps in selecting a sample from the given population. (ex: in auditing while vouching pareto principle helps).

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