Question：Which one of the following best describes the term 'coupon rate' as applies to bonds?

　　A. The minimum rate of interest required to maintain the market value of the bonds at or above par value.

　　B. The annual interest received on the face value of the units of the bonds.

　　C. The total rate of return on the bonds, taking into account capital repayment as well as interest payments.

　　D. The annual interest received divided by the current ex-interest market price of the bonds.

　　The correct answer is: The annual interest received on the face value of the units of the bonds.

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　　The annual interest received divided by the current ex-interest market price of the bonds is the interest yield.

　　The total rate of return on the bonds is the redemption yield.

　　Question：Leadership, as opposed to merely managing, has been defined in many ways.

　　Choose three definitions from the following that you think best describe leadership.

　　A. It is the ordering and co-ordination of functions to achieve a given purpose.

　　B. It is the art, skill or process of influencing people to work towards the achievement of group or larger organisational goals.

　　C. It is the process of designing and maintaining an environment in which individuals, working together in groups, efficiently accomplish selected aims.

　　D. It is the process of influencing others to work willingly towards goals, to the best of their capabilities, perhaps in a manner different to that which they would otherwise have chosen.

　　E. It is a dynamic process in a group or team where one individual influences the others to contribute voluntarily to the achievement of group tasks in a given situation.

　　The correct answers are: It is the art, skill or process of influencing people to work towards the achievement of group or larger organisational goals; It is a dynamic process in a group or team where one individual influences the others to contribute voluntarily to the achievement of group tasks in a given situation; It is the process of influencing others to work willingly towards goals, to the best of their capabilities, perhaps in a manner different to that which they would otherwise have chosen.

　　解析：The best descriptions of leadership are the ability to influence people, often on a voluntary basis, to achieve the objectives using methods they might not have otherwise used.

　　One of the main ingredients of leadership is the ability to inspire followers to apply their full capabilities to a project. Each of the correct statements in the question stresses the art, skill or process of influencing people (not commanding them) to work towards goals. Although the statements are similar to those describing management, we can show that leading is only a part of the job of managing. Two of the statements in the question describe management; one of them by ordering and co-ordinating functions to achieve a given purpose and the other as designing an environment where individuals work efficiently to accomplish selected aims.