OER 2018 Edition

ISBN: 9781947172548

Author: OpenStax

Publisher: OpenStax College

Concept explainers

Every setup, be it a business or a society needs rules to function within a limit. If there were no rules you can imagine how society would be. Everyone will be doing whatever they wish to, be it legal or illegal, and whether it is acceptable to society …

Textbook Question

Chapter 6.1, Problem 2CC

What are the four key functions of managers?

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Chapter 6.1, Problem 1CC

Chapter 6.1, Problem 3CC

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An insurance company has liabilities of £7 million due in 10 years' time and £9 million due in 17 years' time. The assets of the company consist of two zero-coupon bonds, one paying £X million in 7 years' time and the other paying £Y million in 20 years' time. The current interest rate is 6% per annum effective. Find the nominal value of X (i.e. the amount, IN MILLIONS, that bond X pays in 7 year's time) such that the first two conditions for Redington's theory of immunisation are satisfied. Express your answer to THREE DECIMAL PLACES.

An individual is investing in a market where spot rates and forward rates apply. In this market, if at time t=0 he agrees to invest £5.3 for two years, he will receive £7.4 at time t=2 years. Alternatively, if at time t=0 he agrees to invest £5.3 at time t=1 for either one year or two years, he will receive £7.5 or £7.3 at times t=2 and t=3, respectively. Calculate the price per £5,000 nominal that the individual should pay for a fixed-interest bond bearing annual interest of 6.6% and is redeemable after 3 years at 110%. State your answer at 2 decimal places.

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Chapter 6 Solutions

Introduction to Business

Ch. 6.1 - Define the term management.Ch. 6.1 - What are the four key functions of managers?Ch. 6.1 - What is the difference between efficiency and...Ch. 6.2 - What is the purpose of planning, and what is...Ch. 6.2 - Identify the unique characteristics of each type...Ch. 6.3 - Explain the managerial function of organizing.Ch. 6.3 - What is the managerial pyramid?Ch. 6.4 - How do leaders influence other people's behavior?Ch. 6.4 - How can managers empower employees?Ch. 6.4 - What is corporate culture?

Ch. 6.5 - Describe the control process.Ch. 6.5 - Why is the control process important to the...Ch. 6.6 - What are the three types of managerial roles?Ch. 6.6 - Give examples of things managers might do when...Ch. 6.6 - List the five steps in the decision-making...Ch. 6.7 - Define the basic managerial skills.Ch. 6.7 - How important is each of these skill sets at the...Ch. 6.8 - How can information technology aid in...Ch. 6.8 - What are three principles of managing...Ch. 6.8 - Describe several guidelines for crisis management.Ch. 6 - Are top executives paid too much? A study of CEO...Ch. 6 - What type of manager is T.K. Kurien? How would you...Ch. 6 - What managerial role does T.K. Kurien assume in...Ch. 6 - What management skill sets does he exhibit?

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