Interview Tips Practice Question and Answer

Q: Which of the following is a function of inventory? 9057 0

  • 1
    to take advantage of quantity discounts
    Correct
    Wrong
  • 2
    to decouple various parts of the production process
    Correct
    Wrong
  • 3
    to provide a selection of goods for anticipated customer demand and to separate the firm from fluctuations in that demand
    Correct
    Wrong
  • 4
    All the above
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "All the above"
Explanation :

Answer: D) All the above Explanation: All the above given statements are functions of Inventory.   Inventory or stock is the goods and materials that a business holds for the ultimate goal of resale. Inventory management is a discipline primarily about specifying the shape and placement of stocked goods. The primary function of inventory is to use marketing and production to increase profitability, to get the maximum amount for the business' investment. There are other functions of inventory, such as balancing supply and demand, improving efficiency, establishing a safety stock and geographical specialization.

Q: Off-duty risk decisions are 5014 0

  • 1
    Dictated by the Department of the Army
    Correct
    Wrong
  • 2
    The responsibility of individual Soldiers
    Correct
    Wrong
  • 3
    Made by leaders and commanders
    Correct
    Wrong
  • 4
    Not a consideration
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "The responsibility of individual Soldiers"
Explanation :

Answer: B) The responsibility of individual Soldiers Explanation: Risk Management : A decision-making process for identifying hazards and controlling risks both on-duty and off-duty is called a Risk Management (RM).   Hence, Off-duty risk decisions are the responsibility of individual Soldiers.

Q: Which of the following is not a RM principle? 2618 0

  • 1
    Apply the RM process to situations where serious injury might occur
    Correct
    Wrong
  • 2
    Accept no unnecessary risk
    Correct
    Wrong
  • 3
    Integrate RM into all phases of missions and activities
    Correct
    Wrong
  • 4
    Make risk decisions at the appropriate level
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "Apply the RM process to situations where serious injury might occur"
Explanation :

Answer: A) Apply the RM process to situations where serious injury might occur Explanation: Apply the RM process to situations where serious injury might occur is not a RM (Risk Management) principle.   Risk Management :: A decision-making process for managing day-to-day schedules when there are conflicts.

Q: The average age of man and his son is 35 years. The ratio of their ages is 5:2 respectively. What is the son’s agepp 2579 0

  • 1
    bnm
    Correct
    Wrong
  • 2
    vbnm
    Correct
    Wrong
  • 3
    bnm
    Correct
    Wrong
  • 4
    bn
    Correct
    Wrong
  • 5
    bnm
    Correct
    Wrong
  • 6
    vbnm
    Correct
    Wrong
  • 7
    bnm
    Correct
    Wrong
  • 8
    bn
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "bnm" 7. "bnm"

Q: The primary goal of financial management is to 2249 0

  • 1
    Expand their share of the market
    Correct
    Wrong
  • 2
    Maximize the current value per share of the existing stock
    Correct
    Wrong
  • 3
    Examining whether costs are reasonable or unreasonable
    Correct
    Wrong
  • 4
    All the above
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "Maximize the current value per share of the existing stock"
Explanation :

Answer: B) Maximize the current value per share of the existing stock Explanation: The primary goals of financial management dwell on both short-term and long-term activities that seek to maximize value creation from scarce financial resources. And then the primary goal of financial management is to Maximize the current value per share of the existing stock.   All businesses aim to maximize their profits, minimize their expenses and maximize their market share. Here is a look at each of these goals.   Financial management is a process that enables a business to plan, direct, organize, monitor and control its current and future financial resources and events. It involves applying the basic principles of management in financial activities such as purchases, sales, capital expansion, inventory valuation, financial reporting, and profit distribution.

Q: A tank-full petrol in Veeru’s Car last for 20 days. If he starts using 25% more every day, how many days will the tank-full petrol last? 2128 0

  • 1
    18 days
    Correct
    Wrong
  • 2
    12 days
    Correct
    Wrong
  • 3
    14 days
    Correct
    Wrong
  • 4
    16 days
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "16 days"
Explanation :

Answer: D) 16 days Explanation: The analogy here is like this: Veeru has 20 lt of petrol and he uses 1 lt per each day and consumes it in 20 days. If he uses 1.25 lt every day, in how many days it will be consumed?We considered 1.25 lt here because it’s 25% more than 1 lt. The answer would be  20/1.25=16 days.

Q: Which of the following statements about financial aid are true? 1983 0

  • 1
    Financial aid is available to community college students.
    Correct
    Wrong
  • 2
    Most high school varsity sports team members will receive an athletic scholarship.
    Correct
    Wrong
  • 3
    Elite, private colleges don't offer financial aid packages.
    Correct
    Wrong
  • 4
    Only children of unemployed parents can't qualify for financial aid.
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "Financial aid is available to community college students."
Explanation :

Answer: A) Financial aid is available to community college students. Explanation:

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully