ENTR 3P98 Chapter 2: Chapter 2

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orangelouse874

16 Feb 2012

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Chapter 2 - great families in business: building trust and commitment. Little knowledge of the business among at least some family members. The story of two very different family cultures. The sale of the company did not bring the family together as hoped. Continue to own and operate several newspapers in the fifth generation. A commitment to continuity (even in the face of a financially crippling strike. Zero-sum dynamics are characterized by exchanges in which one party s perceived gain is the other party s perceived loss. The absence of growth (and increased wealth and career opportunities) in the family business is fertile ground for zero- sum dynamics. The us-and-them dynamic can be triggered by any perceived different: male-female, active in management-inactive in the firm, older-younger, richer-poorer, etc. Considers the family to be the building block of emotional life. Uses systems thinking to understand the complex interaction between individual members of the family.

Related Questions

Zoo attendance. The Cincinnati Zoo and Botanical Gardens had a record attendance of 1.87 million visitors in 2017 (Cincinnati Business Courier website). Nonprofit organizations such as zoos and museums are becoming more sophisticated in their use of data to improve the customer experience. Being able to better estimate expected revenue is one of the analytics that allows nonprofits to better manage their operations.

The file ZooSpend contains sample data on zoo attendance. The file contains the data on 125 visits by families to zero: the amount spent, size of the family, the distance the family from the zoo (the gate attendee asks for the zip code of each family entering the zoo), and whether or not the family has a zoo membership (1=yes, 0=no).

a. Develop an estimated regression equation that predicts the amount of money spent by a given family size, whether or not a family has a zoo membership (1= yes, 0=no).

b. Test the significance of the zoo membership independent variable at the 0.05 level.

c. Give an explanation for the sign of the estimate you tested in part (b).

d. Test the overall significance of the model at the 0.05 level of significance.

e. Estimate the amount of money spent in a visit by a family of five that lives 125 miles from the zoo and does not have a zoo membership.

carminedinosaur834

Sam is the president and CEO of Family Corp., a small family-runbusiness. Family Corp. engages you to prepare tax returns for thecompany, its officers, and its shareholders (all family members).As you prepare Family Corp.âs return, there is a question as towhether a payment the company made to Sam is a deductible paymentof compensation or a nondeductible return of capital. Do you thinkyou have a conflict of interest, and if so, describe. If a conflictexists, can it be cured and how?

You provide attest services to Companies A and B. While auditingCompany B, you notice that it is defrauding Company A. Explain ifyou have a conflict, and what, if anything, would you do?

Complete the answers to the 5 questions at the end of Case 27, "New Belgium Brewery: Building a Business on Sustainability", pp. 688-691. Case 27, "New Belgium Brewery: Building a Business on Sustainability"

1) What are the ethical issues in this case?

2) What keeps other companies from having the commitment to environmental sustainability that NBB has evidenced?

3) Are you more likely to purchase a product from a company with a strong commitment to sustainability?

4) The environmental sustainability benefits of cans over bottles are well established. Should NBB make a greater commitment to cans even if it means forgoing the distinctive aspects of its bottles and the potential loss of craft beer status in customers' perceptions?

5) Are New Belgium Brewings Core Values and Beliefs sustainable? Or, will the company be forced by competition to revert to many of the traditional practices of other brewers?

ENTR 3P98 Chapter 2: Chapter 2

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