Frank Patterson Started a Firm in 2008 That Creates and Manufactures

question 28

Multiple Choice

Frank Patterson started a firm in 2008 that creates and manufactures accessories for Harley-Davidson motorcycles. 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 motorcycle 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:

Negotiable

Refers to the flexibility or ability to be transferred to another party in exchange for money or goods, commonly associated with financial instruments like checks or bonds.

Rare Antique Vase

A unique and old decorative container made of material like ceramic, metal, glass, or porcelain with high historical or collectible value.

Indefinite Future Time

A period that has no specified end date.

Unconditional Promise

An unconditional promise is a firm commitment or pledge made by one party to another, without any stipulations or conditions attached.