Merck Life Science Finance Executive Interview Questions and Answers

Elements in MIS include data, information, systems, and processes. Variances can be caused by errors, changes in assumptions, or external factors.

• Elements in MIS: data, information, systems, processes

• Reasons for variance: errors, changes in assumptions, external factors

• Example: Variance in budgeted vs. actual expenses due to unexpected increase in costs

MHR stands for Maximum Heart Rate. It is the highest heart rate an individual can achieve during exercise.

• MHR can be calculated using the formula: 220 - age

• For example, for a 30-year-old individual, the MHR would be 220 - 30 = 190 beats per minute

• MHR is used to determine target heart rate zones for exercise intensity

MHR costing is a method of costing that assigns costs based on the actual resources used by a product or service.

• MHR costing stands for Machine Hour Rate costing, where costs are allocated based on machine hours used.

• It is useful in industries where machine usage is a significant factor in determining costs, such as manufacturing.

• MHR costing helps in accurately determining the cost of production for each unit based on ...read more

LHR stands for Liquidity-Asset Ratio, it is calculated to determine a company's ability to meet short-term obligations.

• LHR is calculated by dividing liquid assets by current liabilities.

• It helps assess a company's liquidity and ability to pay off short-term debts.

• A higher LHR indicates better liquidity and financial health.

• For example, if a company has liquid assets of $100,000 and current liabilities of $50,000, the L