British Petroleum Executive Accountant Interview Questions and Answers

Process to procurement refers to the steps involved in acquiring goods or services for an organization.

• It involves identifying the need for a product or service

• Creating a request for proposal (RFP) or request for quotation (RFQ)

• Evaluating proposals and selecting a vendor

• Negotiating terms and finalizing the contract

• Managing the relationship with the vendor and monitoring performance

• Re-evaluating the procurement process ...read more

Basic account types include checking, savings, and money market accounts with specific rules for each.

• Checking accounts are used for everyday transactions and typically have no interest but may have fees.

• Savings accounts are used for long-term savings and earn interest but may have limits on withdrawals.

• Money market accounts are a hybrid of checking and savings accounts, offering higher interest rates but with limited ...read more