The 80/20 rule-of-thumb most likely reminds us to solve problems that:

Prepare for the UCF GEB4522 Data Driven Decision Making Final Exam. Use flashcards and multiple choice questions to study. Familiarize yourself with key concepts and methodologies to excel on the test!

The 80/20 rule, also known as the Pareto Principle, suggests that roughly 80% of effects come from 20% of the causes. This concept highlights the importance of identifying and prioritizing the factors that have the most significant impact on a situation or problem. When applied to decision-making and problem-solving, it emphasizes the need to focus on those few areas that can lead to the largest improvements or benefits.

Choosing to solve problems that have especially large impacts aligns perfectly with the essence of the Pareto Principle. By targeting the issues that can yield the greatest results, organizations can maximize their effectiveness and efficiency. This strategic approach allows for the optimal allocation of resources, ensuring that efforts are concentrated on those areas where they will make the most difference.

The other choices, while relevant in certain contexts, do not align as closely with the primary focus of the 80/20 rule. For instance, solving problems that are unlikely to have measurable consequences does not correspond to the principle's emphasis on impactful outcomes. Similarly, while addressing issues that affect all stakeholders or have clearly defined causes can be important, they do not encapsulate the central idea of maximizing returns by addressing the most influential problems first.

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