Frank Patterson Started a Firm in 2011 That Creates and Manufactures

question 27

Multiple Choice

Frank Patterson started a firm in 2011 that creates and manufactures accessories for Apple iPhones. He started with four accessories, and after several months added three new accessories that have been very successful. The fact that Frank recognized the opportunity for the three new accessories only after he started his firm and become immersed in the iPhone accessory industry is an example of the ________ at work.

• A) opportunity tenet
• B) opportunity rule
• C) chance rule
• D) access principle
• E) corridor principle

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Definitions:

George McClellan

A Union general during the American Civil War known for his cautious tactics and failed 1864 presidential bid against Abraham Lincoln.

1864

A significant year during the American Civil War, marked by key battles and Union victories that helped to shape the outcome of the conflict.

Civil War

Refers to the American Civil War, a conflict between the Northern states (Union) and the Southern states (Confederacy) from 1861 to 1865, primarily over issues of slavery and states' rights.