Interview Questions

The repayment of the loan by instalment to cover principal amount with interest is known as ‘Amortization’.

Internal control, as defined in accounting and auditing, is a process for assuring achievement of an organization's objectives in operational effectiveness and efficiency, reliable financial reporting, and compliance with laws, regulations and policies. A broad concept, internal control involves everything that controls risks to an organization.

Internal control is all of the policies and procedures management uses to achieve the following goals.

• Safeguard University assets - well designed internal controls protect assets from accidental loss or loss from fraud.

• Ensure the reliability and integrity of financial information - Internal controls ensure that management has accurate, timely and complete information, including accounting records, in order to plan, monitor and report business operations.

• Ensure compliance - Internal controls help to ensure the University is in compliance with the many federal, state and local laws and regulations affecting the operations of our business.

• Promote efficient and effective operations - Internal controls provide an environment in which managers and staff can maximize the efficiency and effectiveness of their operations.

• Accomplishment of goals and objectives - Internal controls system provide a mechanism for management to monitor the achievement of operational goals and objectives.

Hence, Internal controls are concerned with safeguarding assets.

Polymorphism is also achieved in C++ using virtual functions. If a function with same name exists in base as well as parent class, then the pointer to the base class would call the functions associated only with the base class. However, if the function is made virtual and the base pointer is initialized with the address of the derived class, then the function in the child class would be called.

- Free() - A block of memory previously allocated by the malloc subroutine is freed by free subroutine. Undefined results come out if the Pointer parameter is not a valid pointer. If the Pointer parameter is a null value, no action will take place.

- Realloc() - This subroutine changes the size of the block of memory pointed to by the Pointer parameter to the number of bytes specified by the Size parameter and returns a new pointer to the block. The pointer specified by the Pointer parameter must be created with the malloc, calloc, or realloc subroutines and should not be deallocated with the free or realloc subroutines. Undefined results show up if the Pointer parameter is not a valid pointer.

The interviewer wants to know that you don't just jump into a solution without knowing the problem in detail. You want to study the problem by determining the cause of the problem, what the problem is, and what the possible solutions are. You then decide on a solution.

Following steps for problem-solving and decision-making can be very helpful.

- Define the problem to be solved and decision to be made.
- Gather the necessary information.
- List all possible choices.
- Consider possible outcomes for each choice.
- Check out how you feel about each of the choices.
- Relate the choices to your values and priorities.
- From the possible alternatives, choose one.
- Commit yourself to your chosen decision and disregard the others. Concentrate your energies   in one direction. Once we made our decision, we must focus all our work on that itself.
- Take steps to turn your decision into positive action.
- Evaluate your progress from time to time. Change your decision if necessary.

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.

As a consultant , I would:

• Recommend structuring of the marketing department as per the demands of the different tasks, roles and responsibilities keeping in mind the cost(budget) factor as long as it fits within the budget of the company.

• Finding out and establishing the level of skills, duties and responsibilities of the employees via job descriptions and job specifications.

• Proper and regular supervision of the department to ensure its smooth functioning

• Determine the marketing functions of the department as per the requirements (advertising,distribution channels,promotional activities)

An abnormal situation during execution of a CICS command is called an exceptional condition:

1. Handle Condition Command: It is used to transfer control to the procedure label specified if the exceptional condition specified occurs.

2. Ignore Condition Command: It causes no action to be taken if the condition specified occurs in the program. That is control will be returned to the next instruction following the command which encountered the exceptional condition.

3. No Handle Option: This option can be specified in any CICS command and it will cause no action to be taken for any exceptional condition occurring during execution of this command.

4. RESP Option: This option can be specified in any CICS command. If the RESP option is specified in a command, CICS places a response code at a completion of the command. The application program can check this code, then proceed to the next processing.