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The Pareto Principle is a technique used to determine which quality control problems in a particular process should be corrected. Which of the following statements best represents the philosophy employed by this principle?
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B. in order to achieve zero defects, all quality control problems, including those which do not have a direct financial cost should be corrected.
C. the majority of defects are caused by a small percentage of the identifiable problems. Improvement efforts should be reserved for these vital problems.
D. In order to minimize financial losses from quality control problems, all problems which have a measureable cost should be corrected
E. generally, 80% of the quality control problems are justifiable for correction via cost-benefit analysis. The remaining 20% are not financially worthy of improvement efforts.
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Answer: B,C,E
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