Interview Questions

The business analyst must understand IT and also has to understand the stakeholder’s needs. 

A systems analyst has the ability to look at a program or utility and see the code. They can go in and pinpoint where changes need to be made. 

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Career decisions are surely the toughest one and almost inevitable. I follow my instincts during any doubtful situations. b'coz in dilema u r not in the position to make a decision. what better guide can we get, other then our inner voice, during those difficult situations. This doesn't infact means that decision regarding the priority in life be left just to intuitions. Intuitions also needs input in the form of one's likes and dislikes. Goals proper set once, as such, go a long way in creating a good intuitive judgement.

Authorization: The process of granting access privileges to resources or tasks within an

application.

Authentication: The process of validating the identity of a user.

Generally Accepted Accounting Principles (GAAP) are basic accounting principles and guidelines are concepts that govern the field of accounting.

Accounting principles and guidelines include :

* Business Entity Assumption

* Accounting Period

* Historical Cost Concept

* Full Disclosure Principle

* Cost Principle

* Matching Principle

* Materiality

* Monetary Unit Assumption.

The fixed cost per unit decreases when volume increases is the correct statement regarding fixed costs.

Compounding interest means interest accrues on the interest charged and the principal amount each period the interest is charged.

Compound interest is calculated by multiplying the principal amount by one plus the annual interest rate raised to the number of compound periods minus one.The total initial amount of the loan is then subtracted from the resulting value.

The formula for calculating compound interest is:

[P (1 + i)n] – P

= P [(1 + i)n – 1]

(Where P = Principal, i = nominal annual interest rate in percentage terms, and n = number of compounding periods.)

Take a three-year loan of Rs. 10,000 at an interest rate of 5% that compounds annually. What would be the amount of interest? In this case, it would be:

Rs. 10,000 [(1 + 0.05)3] – 1

= 10,000 [1.157625 – 1]

= Rs. 1,576.25.

How it grows ::

The intention of the interviewer by asking this question is to discover the pain points for the candidate.

Here this can be explained with an example like this :

The administrative assistant might seem like someone whose job is simply keeping everything filed and organized and scheduled. But they actually are the building block of the entire office, making everyone's lives function more smoothly and with good access to information when they need it.

Sometimes I have so many things crossing my desk at a given time that I can get a bit overwhelmed. When this happens I take a deep breath and focus on prioritizing the work. Then I get a clear head again and can dive back in.