Review the definitions of leadership, entrepreneurship, and strategy in section 1.3 of chapter one in the text. Using the internet, find different definitions for the following terms: leadership, entrepreneurship, and strategy. That’s a total of three definitions, one for each term. Next, compare and contrast the definition you found with the one in the textbook. What similarities did you find in the definitions? What are some differences? Lastly, please discuss the important similarities and differences you found between the 3 different terms. In total for this piece, you will have four sections: one section for each of the three terms comparing and contrasting the textbook definition to the definition you found, and one section discussing the important similarities and differences you found between the 3 different terms and their definitions Prepare a two-page (double-spaced) essay. Cite references, using APA format, for any material that you use in preparing the essay. Papers will be assessed using the following criteria: Found an appropriate definition of leadership, entrepreneurship, and strategy. All three examples are accurate. Described similarities in each term definition Described differences in each term definition Discussed similarities and differences by comparing all three terms and their definitions to each other Writing is clear. Used appropriate grammar and writing to express ideas. References (if used) were cited properly.

Section 1.3 Chapter 1

Leadership

If management is defined as getting things done through others, then leadership4

should be defined as the social and informal sources of influence that you use to

inspire action taken by others. It means mobilizing others to want to struggle

toward a common goal. Great leaders help build an organization’s human capital,

then motivate individuals to take concerted action. Leadership also includes an

understanding of when, where, and how to use more formal sources of authority

and power, such as position or ownership. Increasingly, we live in a world where

good management requires good leaders and leadership. While these views about the

importance of leadership are not new (see “Views on Managers Versus Leaders”),

competition among employers and countries for the best and brightest, increased

labor mobility (think “war for talent” here), and hypercompetition puts pressure on

firms to invest in present and future leadership capabilities.

P&G provides a very current example of this shift in emphasis to leadership as a key

principle of management. For example, P&G recruits and promotes those

individuals who demonstrate success through influence rather than direct or

coercive authority. Internally, there has been a change from managers being

outspoken and needing to direct their staff, to being individuals who electrify and

inspire those around them. Good leaders and leadership at P&G used to imply

having followers, whereas in today’s society, good leadership means followership

and bringing out the best in your peers. This is one of the key reasons that P&G has

been consistently ranked among the top 10 most admired companies in the United

States for the last three years, according to Fortune magazine.Ranking of Most

Admired Firms for 2006, 2007, 2008.

It’s fitting that this section on entrepreneurship follows the discussion of Google.

Entrepreneurship5 is defined as the recognition of opportunities (needs, wants,

problems, and challenges) and the use or creation of resources to implement

innovative ideas for new, thoughtfully planned ventures. Perhaps this is obvious,

but an entrepreneur6 is a person who engages in the process of entrepreneurship.

We describe entrepreneurship as a process because it often involves more than

simply coming up with a good idea—someone also has to convert that idea into

action.

Strategy

When an organization has a long-term purpose, articulated in clear goals and

objectives, and these goals and objectives can be rolled up into a coherent plan of

action, then we would say that the organization has a strategy. It has a good or even

great strategy when this plan also takes advantage of unique resources and

capabilities to exploit a big and growing external opportunity. Strategy7 then, is

the central, integrated, externally-oriented concept of how an organization will

achieve its objectives.D. Hambrick and J. Fredrickson, “Are You Sure You Have a

Strategy?” Academy of Management Executive 15, no. 4 (2001): 2. Strategic

management8 is the body of knowledge that answers questions about the

development and implementation of good strategies.

Strategic management is important to all organizations because, when correctly

formulated and communicated, strategy provides leaders and employees with a

clear set of guidelines for their daily actions. This is why strategy is so critical to the

principles of management you are learning about.

a) Name and explain three serious problems associated with consumer interviews or surveys. Give an example of each one.

b) Explain how indifference curves and budget lines can change your thinking about an everyday task.

c) What are some factors that affect the price elasticity of demand?

In the court case, Babbitt v. Sweet Home Chapter of Communities For a Better Oregon, Sweet Home Chapter of Communities For a Better Oregon alleged that, Babbitt was unable to develop and log a specific piece of land due to the presence of the northern spotted owls and red-cockaded woodpeckers that inhabited that area. Under what statute would the Sweet Home Chapter of Communities for a Better Oregon use in this case against Babbitt?

Red and Green Ltd is an online retailer of a broad range of art and craft products. You are an audit senior at the firm Rose McKenzie & Co and are planning the financial report audit for the year ended 30 June 2018. Red and Green is a new client to your firm and this is the first year end since you were appointed. The following information was obtained from a meeting with the CEO, Alex Wool.

The company has managed to ride a wave of renewed interest by younger people in arts and crafts and the revenue for 2018 is approximately $3.2 million. This continues a trend that has seen revenue increase by between 20% and 30% consistently for the six years since the company was started by Alex and her tennis partner Sandra Cloth who is the COO. Profits in 2018 are $0.2 million and have not increased significantly in four years despite the increased turnover. In 2019 there are plans to broaden the range of products sold to include bedding, curtains and household furnishings.

Rapid expansion has put pressure on the company’s various systems, not least of which is the online sales order system. Red and Green do not have their own in-house IT function relying on Alex’s sister Tabatha who is responsible for accounting, IT, HR, payroll and general office management.

You are aware that in previous years errors had been detected at the audit stage, partly due to IT system errors and partly due to Tabatha’s inexperience as an accountant. Alex and Tabatha are confident that any errors in the financial report will be immaterial and not worth investigating given how busy they are with the growing business.

As part of the growth of the business the company is looking to raise additional bank borrowings to fund more warehouse space and invest in improvements to the IT systems. Alex has indicated that she needs the audit report signed before 18 September which is when she will be meeting the bank to discuss the details of the loan.

Required: In the following table identify the issues that give rise to risks for the financial report audit you are about to commence and explain why you think it is an issue.

A 56-year-old male patient is brought in by ambulance after vomiting bright red blood for the last 30 minutes. On examination the patient has a swollen abdomen and gynaecomastia. His partner, when questioned, mentions that the patient has been a chronic drinker for the last 15 years. a. What is the likely cause of the patient vomiting blood? b. What is the underlining cause of all the symptoms the patient has presented with? c. Explain the pathophysiology of each of the symptoms the patient has presented with in relation to the diagnosis in (b).

a. Red green color blindness is a sex linked recessive trait. If a woman with normal vision whose father is colorblind marries a man with colorblindness. What would be the probability that they have a colorblind child?

b. Two parents have ABO blood group genotypes. Which of the following blood types could not belong to one of their children? AB, B, O, A.

c. A women who is a carrier for colorblindness marries a normal male. What is the probability that this couple will have a color blind child?

Please explain clearly!

Thank you!!

1. Explain why the majority of stars visible in a telescope are main sequence stars.
2. What will happen inside the Sun 5 billion years from now when it begins to become a red giant?
3. The concentration of ethyl alcohol in a typical molecular cloud is one molecule per 10⁸ cubic meters. What is the volume of a cloud you would need to make a martini (10 grams)? The molecular weight of an ethyl alcohol is 46 which means that an Avogadro number (6 x 10²³) of molecules weighs 46 grams.

“2. How is new blood made? “

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“3. What is the main function of platelets? “

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“4. Describe how the body stops bleeding. “

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“5. Sickle cells are named so because of their characteristic shape. What problems can this shape cause? “

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“6. Explain how the absence of a nucleus affects a red blood cell’s life span. “

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The city of Springvale levies a tax on the value of real property located within its city limits. The tax equals 2 percent of the property’s assessed value up to $500,000 plus 4 percent of the value in excess of $500,000.

Compute the tax on real property valued at $492,000.

Compute the tax on real property valued at $802,500.

Firm H operates its business in State H, which levies a 6 percent sales and use tax. This year, the firm purchased a $685,000 item of tangible property in State K and paid $20,550 sales tax to the state. It also purchased a $927,000 item of tangible property in State L and paid $58,401 sales tax to the state. Firm H transported both items of property into State H for use in its business.

Compute the use tax that Firm H owes to State H for the property purchased in State K.

Compute the use tax that Firm H owes to State H for the property purchased in State L.

Firm H operates its business in State H, which levies a 6 percent sales and use tax. This year, the firm purchased a $685,000 item of tangible property in State K and paid $20,550 sales tax to the state. It also purchased a $927,000 item of tangible property in State L and paid $58,401 sales tax to the state. Firm H transported both items of property into State H for use in its business.

Compute the use tax that Firm H owes to State H for the property purchased in State K.

Compute the use tax that Firm H owes to State H for the property purchased in State L.

Firm H operates its business in State H, which levies a 6 percent sales and use tax. This year, the firm purchased a $685,000 item of tangible property in State K and paid $20,550 sales tax to the state. It also purchased a $927,000 item of tangible property in State L and paid $58,401 sales tax to the state. Firm H transported both items of property into State H for use in its business.

Compute the use tax that Firm H owes to State H for the property purchased in State K.

Compute the use tax that Firm H owes to State H for the property purchased in State L.

Ms. SP, who lives in California, traveled to Oregon to purchase gold jewelry for $24,000. California has a 7.5 percent sales and use tax, while Oregon has no sales and use tax.

Compute the use tax that Ms. SP owes to California on the jewelry purchased in Oregon.

Compute the use tax that Ms. SP owes to California if she purchased the jewelry in New Mexico and paid that state’s 6.85 percent sales tax on the transaction.

Ms. SP, who lives in California, traveled to Oregon to purchase gold jewelry for $24,000. California has a 7.5 percent sales and use tax, while Oregon has no sales and use tax.

Compute the use tax that Ms. SP owes to California on the jewelry purchased in Oregon.

Compute the use tax that Ms. SP owes to California if she purchased the jewelry in New Mexico and paid that state’s 6.85 percent sales tax on the transaction.

Ms. SP, who lives in California, traveled to Oregon to purchase gold jewelry for $24,000. California has a 7.5 percent sales and use tax, while Oregon has no sales and use tax.

Compute the use tax that Ms. SP owes to California on the jewelry purchased in Oregon.

Compute the use tax that Ms. SP owes to California if she purchased the jewelry in New Mexico and paid that state’s 6.85 percent sales tax on the transaction.

Ms. SP, who lives in California, traveled to Oregon to purchase gold jewelry for $24,000. California has a 7.5 percent sales and use tax, while Oregon has no sales and use tax.

Compute the use tax that Ms. SP owes to California on the jewelry purchased in Oregon.

Compute the use tax that Ms. SP owes to California if she purchased the jewelry in New Mexico and paid that state’s 6.85 percent sales tax on the transaction.

Firm Q and Firm R conduct business in a foreign country that imposes a 3 percent VAT. Firm Q produces entertainment videos at a $8.0 material cost per unit and sells the videos to Firm R for $11.3 per unit. Firm R sells the videos at retail for $13.1 per unit. This year, the combined efforts of Firm Q and Firm R resulted in sales of 10.4 million videos to the public. Compute the VAT for each firm. (Enter your answers in dollars not in millions of dollars.)

1. Along with interest rates, life expectancy is a component in pricing financial annuities. Suppose that you know that last year average life expectancy was 77 years for your annuity holders. Now you want to know if your clients this year have a longer life expectancy, on average, so you randomly sample n=20 of your recently deceased annuity holders to see actual age at death. Using a 5% level of significance, test whether or not the new data shows evidence of your annuity holders now live longer than 77 years, on average. The data below are the sample data (in years of life): (USE R)

(78,75,83,81,81,77,78,79,79,81,76,79,77,76,79,81,73,74,78,79)

1. Does this sample indicate that life expectancy has increased? Test an appropriate hypothesis and state your conclusion (use a 5% level of significance). Be sure to check the necessary assumptions and conditions before conducting your test.

2. Construct A 90% confidence interval for the true average age of death for the population of your annuity holders. Explain why your confidence interval agrees or not statistically with your hypothesis testing decision in part a).

3. Suppose that you want to construct 90% confidence interval that has a margin of error of one half of a year. What size sample would you need at a minimum?