The Pareto Principle is a technique used by quality managers to determine which quality control problems concerning a particular service or manufacturing processshould be corrected. Which of the following statements best represents the philosophy employed by this principle?

• A. In order to minimize financial losses from quality control problems, all problems which have a measurable cost associated with them should be corrected
• B. The majority of defects are caused by a small percentage of the identifiable problems. Improvement efforts should be reserved for those few vital problems
• C. In order to achieve zero defects, all quality control problems, including those which do not have a direct financial cost should be corrected
• D. 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