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Question 1:
You are the chief actuary to a general insurance company. The company's main lines of business are employers' liability, marine, aviation and private motor insurance.
a) Describe the features of the business that would influence the choice of investments to be held in respect of these classes of business.
b) Describe how the investment portfolio will affect the choice of discount rate used in calculating the technical reserves.
Question 2:
You are an actuary for a general insurance company which writes private motor insurance. Describe briefly the reasons why you may undertake an actuarial investigation of premium rates for this business.
Question 1: Before starting a small business, individuals need to ensure that they have certain essential characteristics. Discuss the personal characteristics that are requi
Question 1: (a) List three types of supervision styles. (b) Describe each of them, stressing upon their importance to you as supervisors. (c) Write short notes on two maj
Using the case study approach,discuss the significance of managerial economics in regard to business strategies employed by business entities currently operating in the global econ
Define master budget
QUESTION Part A (a) Elaborate on the Communication Process Model and explain successively through the use of this model the various stages that can ensure effective business
benefits
1. Wage ratios must lie in between the inter-country productivity ratios. 2. Large countries are always less specialized. 3. Low wage countries have bigger gains from trade.
Benefit of Product Oriented Layout Why Product Oriented Layout is more efficient than Process Oriented? Though going for a Product or Process oriented layout depends upon
Question 1: (a) In most business organisations, communication will flow: 1. Upwards 2. Downwards 3. Horizontally Briefly describe each of the above communication flows.
Jane Parton, the proprietor of Deli Parton, sells specialty breads for $3.95 each. She buys these from a baker-supplier for $2.45 per unit. Since Jane wants to maintain Deli Pa
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