Please answer the following question:

What is the Strategic Management Process Model conveying? State and interpret a company’s mission statement. Why is mission important? (This may be the mission statement of Dell, Nike, United Airlines, or another firm.)

Tom is the brand manager of a major real estate company selling residential apartments in the United Arab Emirates. Discuss at least three applications of his knowledge of price elasticity of demand that can influence the profitability of his brand.

2. Insurance Company An insurance company states that 90% of its claims are settled within 30 days. A consumer group selected a random sample of 75 of the company's claims to test this statement. If the consumer group found that 55 of the claims were settled within 30 days, do they have sufficient reason to support their contention that fewer than 90% of the claims are settled within 30 days? Use 0.05 level of significance. Hint: We are testing for population proportion (single sample). When we look from the consumer group’s perspective, we would like to see if the proportion of claims settled within 30 days is less than 90%. Therefore, the null hypothesis states H0: P=0.9, where the alternative hypothesis states H1: P<0.9, indicating a left tailed test.

29C

MRI Magnetic Resonance Imaging takes exquisite images of the brain and other parts of human body. The magnetic field B is generated by a solenoid of length 3 feet and diameter of 3 feet. The B field generated is one (1) T. The largest current the wire can carry is 100 A.

a) How many turns of solenoid is needed? Eq. (29.17)

b) Find the total length of solenoid wire in miles. A proton (hydrogen nucleus) has nuclear magnetic moment μ = 8.8e-8 eV/T. It has two energy states ± μ∙B. Transitions between the two energy states give radiation detected by radiofrequency detector. For a 1-T magnetic field, find the:

c) energy difference in neV (e-9 eV) between the two states.

d) frequency of this signal. (This is well known in MRI.) Eq. (38.4)

A "Linde-machine" is used to cool and liquefy air. The cyclic process uses three different states running
through three different processes, assuming air as a diatomic ideal gas:
1 > 2: adiabatic compression with T1 = 23.0 °C, T2 = 150 °C, p1 = 2.00 x 10^5 Pa and V1 = 2.50 dm^3
2 > 3: isobaric compression with T3 = T1
3 > 1: isothermal expansion
a) Draw the corresponding p(V) diagram of the cyclic process, numbering the different states and indicating
the direction of the individual processes (note that it is not a heat engine, but used to cool air).
b) What are the number of moles, the pressure at state 2 and volumes at states 2 and 3?
c) What are the related work and heat taken up or released at each process?
d) Calculate the total amount of work.

Problem 2

Reconsider Problem 1. Suppose now that whether or not the stock goes up tomorrow depends upon whether it increased today, yesterday, and the day before yesterday.

a) Can this problem be formulated as a Markov chain?

b) If so, what and how many are the possible states?

c) Explain why these states (the ones defined in part b) give the process the Markovian property whereas the states in Problem 1 do not (for this problem).

Problem 1

Whether the stock goes up tomorrow depends upon whether it increased today and yesterday. If the stock increased today and yesterday, it will decrease tomorrow with probability α1. If the stock increased today and decreased yesterday, it will decrease tomorrow with probability α2. If the stock decreased today and increased yesterday, it will decrease tomorrow with probability α3. Finally, if the stock decreased today and yesterday, it will decrease tomorrow with probability α4   

15.In a limited liability partnership (LLP)

a.a partner may avoid liability for the malpractice of other partners.

b.a partner who commits malpractice is automatically expelled from the partnership under the UPA.

c.the maximum number of partners is limited by the law of most states.

d.it is deemed unethical to employ non-professionals.

17.A limited liability company

a.is presumed to be member managed.

b.is presumed to be manager managed.

c.may not have members who are foreign nationals under federal law.

d.can have a duration of no more than 25 years under the law of most states.

19.A syndicate

a.cannot be incorporated under the law of most states.

b.is a type of criminal(organized crime) organization.

c.is an investment group formed to finance a particular project.

d.is an income tax avoidance device.

Has the evolving relationship between the federal government and the states changed for the better or for the worse? Why?