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In his book "The 7 Habits of Highly Effective People," Stephen Covey presents a method for time management using the four quadrants weekly plan to prioritize tasks based on importance and urgency. Asking yourself if a task is important and urgent is key to effective prioritization, related to Habit 3: Putting First Things First. Tasks like exams, business meetings, crisis situations, and deadlines fall under the important and urgent quadrant, requiring immediate attention. Spending too much time in this quadrant can lead to stress. Less important but urgent tasks, like phone calls or emails, can be delegated or postponed. Proper prioritization is essential for effective time management.