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:

Union Bodies

Organizations that represent the collective interests of workers in negotiations with employers regarding wages, work conditions, and rights.

Partnership

A form of business organization defined by the Uniform Partnership Act as “an association of two or more persons who carry on as co-owners of a business for profit.”

Strikebreaking

The act of using non-union workers to replace striking employees in order to keep an organization operational during a labor strike.