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In 1965, Fred Smith Wrote a Management Class Paper Proposing

Question 7

Multiple Choice

In 1965, Fred Smith wrote a management class paper proposing reliable overnight delivery service. His professor gave him a C, because "the concept is interesting and well-formed, but in order to earn better than a C, [it] must be feasible."Smith ignored his professor's statement and founded Federal Express (FedEx) , a company that is now worth more than $3 billion. Smith's professor wanted him to stick to business solutions that were proven, not come up with something "outside the box."In other words, Smith's professor was relying on a/an


A) mental set.
B) deductive approach.
C) inductive approach.
D) litmus test.

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