Question

1. What was Pareto's original observation that led to the concept now known as Pareto's Principle?

A. 20% of all Italian farmers grew crops that 80% of the population regularly ate

B. 80% of all sales come from 20% of all clients

C. One achieves 80% of sales had 20% of the profit

D. 80% of the population owned 20% of the land in Italy

2. What did the signing of the Medicare Access and Childrens Health Insurance Program Reauthorization Act of 2015 put into law?

A. Gives the public more education on Medicare and CHIP

B. Protects Medicare physicians from medical malpractice

C. Ensured that every child that does not have insurance is properly covered

D. This law adjusts the payment formula for Medicare physicians while also federally funding CHIP

Answer 1

1) Solution: 20% of all Italian farmers grew crops that 80% of the population regularly ate
Explanation: The Pareto Principle stated that 80% of consequences arise due to the 20% of the causes that are asserted from an unequal relationship among the inputs and outputs. I was showed by Pareto that nearly 80% of the land in Italy was owned by 20% of the population

2) Solution: This law adjusts the payment formula for Medicare physicians while also federally funding CHIP
Explanation: Medicare Access and CHIP adjusted permanently the flawed payment formula for the Medicare physician