Apco Infratech Assistant Store Keeper Interview Questions and Answers

COS stands for Cost of Sales, which refers to the direct costs associated with producing goods or services.

• COS includes costs such as raw materials, labor, and manufacturing overhead.

• Stages involved in COS include identifying direct costs, calculating total COS, and analyzing COS to determine profitability.

• Example: If a company sells a product for $100 and the direct costs to produce that product are $60, the COS would...read more

EOT stands for End of Transmission. It is a signal used to indicate the end of a transmission of data.

• EOT is commonly used in telecommunications and computer networking to signify the end of a message or data transmission.

• It is represented by the ASCII control character with the code 04.

• EOT is often used in conjunction with other control characters like SOH (Start of Header) and ETX (End of Text) in communication proto...read more

A claim is a request made by an individual or entity for payment of benefits or services covered by an insurance policy.

• A claim is typically submitted by a policyholder or healthcare provider to an insurance company.

• It includes details such as the services provided, dates of service, and the amount billed.

• The insurance company reviews the claim to determine if it meets the policy's coverage criteria.

• Once approved, the ...read more

RFI stands for Request for Information, which is a formal process used to gather information from potential suppliers or vendors.

• RFI is typically used in procurement processes to collect information about products, services, or suppliers before making a decision.

• It helps organizations to understand the capabilities, pricing, and other details of potential suppliers.

• RFIs are often used as a preliminary step before issui...read more

Estimates are calculated predictions of the cost, time, and resources required for a project.

• Gather all relevant information and data related to the project

• Break down the project into smaller tasks or components

• Use historical data or industry benchmarks to estimate the time and cost for each task

• Consider any potential risks or uncertainties that may impact the estimates

• Document the estimates and communicate them clearl

Consolidation of soil is the process of gradual reduction in volume of soil due to expulsion of water from its voids under static load.

• Consolidation occurs when a load is applied to a soil mass causing the soil particles to rearrange themselves and expel water from the voids.

• This process is time-dependent and can take years to complete.

• Consolidation can cause settlement and deformation of structures built on top of the...read more