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Trade-offs are inevitable in decision making.
Trade-offs involve sacrificing one thing for another.
They are necessary in decision making when resources are limited.
Examples include choosing between cost and quality, time and money, or short-term and long-term gains.
Effective decision makers weigh the pros and cons of each option before making a choice.
Trade-offs can also be minimized by finding creative solutions or alt
Yes, people respond to incentives as it motivates them to take action and achieve desired outcomes.
Incentives can be monetary rewards, recognition, promotions, or other benefits.
They create a sense of urgency and encourage individuals to put in extra effort.
For example, offering a sales team a bonus for meeting or exceeding targets can drive them to work harder and close more deals.
Incentives can also foster healthy co...
Rational people consider the benefits and costs of each decision made.
Thinking at the margin means considering the additional benefits and costs of each decision made.
Rational people weigh the pros and cons of each decision before making a choice.
For example, an Area Sales Manager might consider the cost of hiring a new salesperson versus the potential increase in sales revenue.
Thinking at the margin helps to make info...
I applied via LinkedIn and was interviewed before Aug 2020. There was 1 interview round.
Experienced sales professional with a proven track record of exceeding targets and building strong client relationships.
Over 5 years of sales experience in the consumer goods industry
Consistently met or exceeded sales targets by 20% each quarter
Built and maintained relationships with key clients, resulting in a 30% increase in repeat business
Strong communication and negotiation skills
Proficient in analyzing market tren
I joined IBM as a fresh graduate and faced challenges adapting to the corporate environment.
Transitioning from a student to a professional was difficult
Learning to navigate the corporate culture and hierarchy was a challenge
Managing workload and expectations in a fast-paced environment was tough
Dealing with difficult clients or projects tested my problem-solving skills
My weakness is that I can be overly critical of myself, but my strength is my ability to adapt quickly to new situations.
Weakness: tend to be overly critical of myself
Strength: ability to adapt quickly to new situations
I applied via Referral and was interviewed before Jul 2021. There were 3 interview rounds.
I applied via Naukri.com and was interviewed before Dec 2020. There were 3 interview rounds.
I applied via Referral and was interviewed in Feb 2020. There were 4 interview rounds.
I applied via Walk-in and was interviewed before Apr 2021. There was 1 interview round.
Accrual is an accounting method where revenue or expenses are recognized when earned or incurred, regardless of when payment is received or made.
Accrual accounting is the opposite of cash accounting
Accruals are recorded as adjusting entries in the general ledger
Examples of accruals include interest expense, salaries payable, and accounts receivable
The entry for an accrual involves debiting an expense account and credit
Contingency liability is a potential liability that may occur in the future based on certain events or circumstances.
It is a liability that is not certain but may occur in the future
It is based on certain events or circumstances
Examples include lawsuits, warranties, and environmental cleanup costs
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