Leadership has become a spectator sport in Arizona. Every flourishing region needs people who act as its stewards. Such leaders see the big picture. They seek visionary solutions that transcend boundaries. They care deeply about the long-term well being of their places. Arizonians have only to admire the advocacy of Mayor Rudolph Giuliani in the days after the New York terrorist attacks to appreciate the powerful role of such leaders, whose passion for their locales leads them to constantly innovate in service of the long-term economic and social success of their regions.
Unfortunately, most Arizonians do not see the state having that kind of leadership today. In fact, less than a quarter of the respondents to a recent statewide survey believe the state’s business and elect leaders care deeply about Arizona’s future. Instead, they deemed them pre occupied with narrow interests and single-issue agendas.
What Arizonians describe is a traditional style of
A. leaders who show vision and insight in policy making
B. single-issue leaders who focus their attention on what they are handling
C. leaders who are good at handling affairs across state boundaries
D. leaders who carry out an uncompromising policy against terrorists
Venture capital has now become a global phenomenon. Here is the (1) status of each major region that has venture capital activity. (2) , the definition of venture capital, (3) coined 50 years ago at Harvard Business School, meant (4) capital for new or very young ventures. Over time, (5) , and especially outside the US and Canada, it has become a coverall name for any type of equity related financing for privately held companies. To make matters even more (6) , some US venture capital firms have begun delving into "transactional" finance more (7) to the investment banking community. This is, however, a limited phenomenon.
Indeed, the influx of (8) fund money into the venture capital market has been both a curse and a blessing. Firms found themselves battling to place their newly (9) funds with a (10) number of specialized hitech firms. The result was a series of losses in the early 1990s.
A. allocated
B. integrated
C. diversified
D. identified
The building crane, which has become the most striking feature of the urban landscape in Switzerland, is beginning to alter the mountain landscape as well. Districts of the Swiss Alps, which up to now have consisted of only a few disconnected small communities content with selling cheese and milk, perhaps a little lumber and seed potatoes, are today becoming parts of planned, developing regions. The new highway, the new skylift, the new multi-nationally-owned hotel will diversify the economy and raise the standard of living in the mountain areas, or so many Swiss regional planners and government officials hope.
The mountainous area of Switzerland, which accounts for nearly two-thirds of the total area of the country and only 12% of the total population, has always been the problem area. According to the last census in 1970, 750,000 people lived in the Swiss mountains. Compared with the rest of the country, incomes are lower, services are fewer, employment opportunities ar
A. offer tourists many advantages
B. form an essential part of the picture of Switzerland that tourists imagine
C. develop animal husbandry in mountain areas
D. solve the problems of mountain communities
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