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:

Five-Point Scale

A commonly used rating system with five options that allow individuals to express a range of judgments about a particular subject.

Participative Styles

Leadership or decision-making approaches that involve team members or stakeholders in the process of making decisions.

Vroom-Jago Model

A decision-making framework that helps leaders determine how much involvement their teams should have in the decision-making process, based on the situation's complexity and importance.

Consult

To seek advice or information from someone with expertise in a specific area, typically to make informed decisions.