Solve all workings please ?. Case study: The foundation is inconsequential The syndicate started experiencing growth at all business units. It culminated in an increase in profit margin. As a market leader, the company started investing cripplingly in other ventures therefore widening its portfolio. Such is a story of a certain thrilling Ghanaian own business. Management thought it wise to employ more labour to beef up the shortfall of their employees. Kofi Antobam was lucky to be employed after several years in search of a white colour job. The opportunity had finally come. As part of his job description, he was expected to canvas for customers and possibly deploy all marketing strategies at his disposal to retain the hard-won customers. Coming from a very strong ethical background, and an orphan as well, he gave out all his best to secure the job for good. Growing up as a Christian, with a strong religious background he tried to respectfully lure customers to patronize the company through all ethical means. Antobam was voted for as the senior staff worker for three consecutive years in a row. The reason being that he was the only customer service person who has been meeting its target. Other workers kept wandering and wanted to know from him the strategies to attain that height. The cold breeze started to blow against the company's fortunes and the business started growing from bad to worse. Crunch meeting was held and the final decision from management was that some of the workers should be laid off and other departments should be closed down. Customer service was first to be hit. Over 35 customer service personnel were affected and Kofi Antobam has not left out very sad news but a blessing in disguise. Toughness mentality is the only ingredient needed to start this kind of business that Antobam had in excess. He pulled resources together to start his micro finance scheme. He already had a pool of customers and they were ready to transact business with him. He started with no funds but a year later he was having a profit of 5000 Ghana Cedis and plough back into the business and started issuing out loans and that was his breakthrough from grass to grace.

Your answer should be based on the case study.

Question 1a

In words, in your opinion do you think Antobam is an entrepreneur or not. Justify your submission with an underlined concept.

1b.

In words, what could be the possible options available to Antobam if he decides to own a business?

Question 1 CASE STUDY A man worked successfully until he retired at age sixty. He was blessed with an appreciable bulk amount as retirement package. After receiving his pension proceeds, he decided to invest it in a sawmill business, on a plot of land in front of his residence in a typical residential area. He put up a structure for the intended business, procured the necessary machines, installed them and employed some youthful workers within his locality to commence business. The business started to pick up gradually and after some time, the business could be described as encouraging. However, at the peak of the business, complaints from his locality became a major issue which was not heeded to by the owner of the sawmill business. Their concerns got to the authorities and the officials of the Environmental Protection Agency (EPA). The EPA, initially, issued a warning notice to stop operation which was not obeyed. The subsequent action of the EPA was to close down the sawmill business. This action had an adverse effect on the health of the business owner because he had invested all this pension benefits into the business and this, led to his untimely demise. la. Were the neighbours of this retiree justified to complain, and what could be the possible subject(s) of their complaints? (5 marks) Ib. Identify and explain two quality issues that accounted for the failure of the business? (10 marks) 1c. What would you have done differently as an Introduction to Total Quality Management student? (5 marks)A2. A newspaper publisher uses one roll of newsprint every day. A local supplier delivers a random number of rolls each evening, where the number of rolls has a binomial distribution with parameters 3 and 5, i.e. P(delivers a rolls) - (@) (3) . 1 = 0, 1, 2,3 Deliveries are independent over days. If the newspaper has no rolls of newsprint in stock at the start of a day, it must obtain some from an emergency supplier to cover the day's requirement. Also the newspaper's warehouse only has room to hold three rolls; if on any day the delivery is too large to be accommodated then the excess is taken back by the supplier. Writing X, for the number of rolls of newsprint in the warehouse at the start of day n, show that {X,} is a Markov chain and obtain the transition matrix.Consider the so-called backward differential equation at F ( x , 1) + 5 0 F (x, 1) = 0 2 2 2 for a function F(x, t) . Rewrite this equation as an approximate difference equation on a two-step binomial x, t lattice with all transition probabilities = 1/2, as follows: dx = oddt x+2dx x+dx X X- - - x-dx x-2dx t - - - - - itdt - - - -t+2dt Then we can approximate " F(x, () = F(x, + 2di) - F(x, t) 2dt (i) Assuming dx = o /dt, use values of the function on the lattice to show that approximately OF _ F(x + 2dx, t+2dt) -2F(x, t+2dt) + F(x - 2dx, t+2dt) [10 points] 402dt (ii) Write down the discrete difference equation that corresponds to Equation [1.1] and explain why it represents a backward equation. [10 points]