Exams

There are basically two important phases in a business cycle that are prosperity and depression. The other phases that are expansion, peak, trough and recovery are intermediary phases.

Expansion is a phase in which, when the economy moves from a trough to a peak. It is a period when the level of business activity surges and gross domestic product (GDP) expands until it reaches a peak.

The most important thing to remember when answering this question is that it really is not about what you did wrong. It's about how you handled a difficult situation and what you learned from it. Describe your biggest failure and discuss what you've learned from it and ideally how you've been successful because of that lesson.The real reason why interviewers ask about your biggest failure is that it reveals a lot about your ability

- to take risks
- face challenges
- acknowledge your mistakes and
- learn from them.

To answer this question, focus on honesty and positivity in order to show that you have both self-confidence and humility. Show the interviewer that you understand that there are different types of people and personalities and that all are valuable in their own way. Choose traits that are unreachable, such as perfection, and then emphasize your well-rounded personality and ability to learn from mistakes.