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IAI Actuarial Core Principles · Business Management · Mission, business strategy, teamwork and time management

Meera, a trainee actuary at a Mumbai life insurer, has four tasks: (1) a pricing query from the CEO due tomorrow morning, (2) a quarterly report due in two weeks, (3) a routine email to a vendor with no deadline, and (4) a self-study plan for her next IAI exam. Using the urgent-important matrix, which task is both urgent and important?

The CEO's pricing query due tomorrow is both urgent and important, because it has an immediate deadline and affects senior decisions. The report and study plan are important but not yet urgent, while the vendor email is neither, so it ranks lowest.

  1. AThe pricing query from the CEO due tomorrow morningCorrect
  2. BThe quarterly report due in two weeks
  3. CThe routine vendor email with no deadline
  4. DThe self-study plan for her next IAI exam
  5. None of the tasks fits both criteria

Explanation

Urgent means a near deadline and important means a significant consequence. The CEO's pricing query is due tomorrow and affects senior decisions, so it is both. The report and study plan are important but not yet urgent, and the vendor email is neither.

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