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1. Risk management
2. Credit insurance
3. Credit exposure
4. Project management
a. Identication,assessment,and
prioritization of effects of uncertainty on
objectives (whether positive or negative)
followed by coordinated and economical
application of resources to minimize,
monitor, and control the probability and /
or impact of unfortunate events.
b. A way for consumers to insure repayment of
loans. For businesses a product that covers
the payment risk resulting from the delivery
of goods or services.
c. Lender’s risk that borrower will not repay.
d. The discipline of planning, organizing,
securing and managing resources to
bring about the successful completion
ofspecicengineeringprojectgoalsand
objectives.
e. A method of paying for goods or services
at a later time, usually paying interest as
well as the original money.
151
Task 3. You are going to take an MBA course at a business school of the
UK. Work out a strategy of your entrance following 4 points:
-choosetheplace(cityoftheUK);
-choosethecourse,modeofstudy;
-entranceexams;
-studyimmigrationrequirements.
Task 4. This section is taken from the MBA application form of Manchester
Business School. You are to explain your personal/professional
objectives for wishing to study for the MBA degree. Include details
of extra-curricular activities, distinctions/honours and international
exposure (visits/residencies abroad). Please think about your answers
carefully as if could be used to support your real application. Choose
any question you like and explain it in your own words in English.
– Describe and comment on your career progression to date.
– Describe the nature of the business in which you are currently employed,
the scope of your current job, your overall responsibility and any
internationalexposure.Pleasemakespecicreferencetoexperienceof
managing people, projects and budgets.
– What has been your contribution to your department/company
strategy? Quantify if possible.
– Describe any managerial/leadership experience you have. Please
include details of any training, development or mentoring of colleagues.
– Howdoyoudeneteamwork?Howhaveyoudemonstratedteamworkinyour
career? Please give an example of when you worked as part of a team. Was
the outcome successful or not? What did you learn from the experience?
– Why do you want to study an MBA, why with MBS (Manchester
Business School) and why now? Please give an assessment of your
personal strengths and weakn
esses.
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