Frederick W. Smith is the founder of the FedEx Corp., the largest and most successful 1.overnight(__)service. He is recognized as an outstanding entrepreneur who is held in high 2.(__)by both his competitors and employees. As a juvenile, he suffered from a disease and was often 3.(__)by bullies. But his passion for flying increased as he grew up. At Yale University, he helped to 4.(__)the Yale flying club. In a term paper for an economics class, he drafted a 5.(__)for a transportation company that ensure overnight delivery of small and time-sensitive goods, but the professor said it wasn’t 6.(__). After graduation, he joined the Marines and went to Vietnam. During his military days, he learned good Leadership had 7.(__)effects on a company. Home from Vietnam, he decided to take a stab at starting his own business but the early days were 8.(__)by extreme frugality and financial losses. In spite of difficulties, he still set the 9.(__)to ensure good medical plan. He said success in business boiled down to three elements: 10.(__)product or service, efficient management system and good leadership.