Interview Questions

If constructor opens the file 

finalize() method closes that file.

If constructor opens the connection 

finalize() method closes that connection.

To perform finalization operation we must overriding finalize method.

Market failure arises because it is not possible for the market to correctly weight cost and benefits in a situation in which some of the cost is completely unaccounted.

Demand-side market failures happen when demand curves do not reflect consumer’s full willingness to pay for goods or services.

Supply-side market failures occur when supply curves do not reflect the full cost of producing a good or services.

If you need to support random access, without inserting or removing elements from any place other than the end, then ArrayList offers the optimal collection. If, however, you need to frequently add and remove elements from the middle of the list and only access the list elements sequentially, then LinkedList offers the better implementation.

Separation of an employee exists when the service of an employee comes to an end because of one reason or other. "Separation of employment" refers broadly to the process of managing the termination of employment. It is a sensitive issue for any organization. 

Types of separation:

1) Volunntary:

a) Resignation
b) Job abandonment
c) Retirement

2) Involuntary:

a) Layoff
b) Dismissal
c) Plant closure
d) Death or Disability.

move_uploaded_file( string filename, string destination)

Financial Reporting involves the disclosure of financial information to the various stakeholders about the financial performance and financial position of the organization over a specified period of time. These stakeholders include – investors, creditors, public, debt providers, governments & government agencies.

Financial Reporting is very important and critical task of an organization. It is vital part of Corporate Governance.

The objectives & purposes of financial reporting :–

* Providing information to management of an organization which is used for the purpose of planning, analysis, benchmarking and decision making.

* Providing information to investors, promoters, debt provider and creditors which is used to enable them to male rational and prudent decisions regarding investment, credit etc.

* Providing information to shareholders & public at large in case of listed companies about various aspects of an organization.

* Providing information about the economic resources of an organization, claims to those resources (liabilities & owner’s equity) and how these resources and claims have undergone change over a period of time.

* Providing information as to how an organization is procuring & using various resources.

* Providing information to various stakeholders regarding performance management of an organization as to how diligently & ethically they are discharging their fiduciary duties & responsibilities.

* Providing information to the statutory auditors which in turn facilitates audit.

* Enhancing social welfare by looking into the interest of employees, trade union & Government.

XML templates are XML files such as XHTML files. XML templates includes the processing directives which affect how the template is rendered, and the template expressions which are substituted dynamically by various data.