MIDHANI Interview Questions and Answers

Tripartite agreement involves three parties while bipartite agreement involves two parties.

• Tripartite agreement involves three parties, usually the employer, employee, and a third party such as a labor union or government agency.

• Bipartite agreement involves two parties, usually the employer and employee.

• Tripartite agreements are more complex and involve more negotiation and compromise than bipartite agreements.

• Examples...read more

Statutory compliances in contract labour refer to the legal obligations that employers must fulfill when hiring contract workers.

• Employers must obtain a license to hire contract workers

• They must maintain a register of contract workers

• They must provide basic amenities to contract workers

• They must ensure timely payment of wages and other benefits

• They must comply with health and safety regulations

• Examples of statutory com...read more

Closed shop is a workplace where only union members are allowed to be hired.

• Closed shop is a type of union security agreement.

• It means that an employer can only hire union members.

• Non-union workers are not allowed to work in the closed shop.

• Closed shops are illegal in many countries including the United States.

• Examples of closed shops include the British coal mining industry and the Australian waterfront industry.

The net worth of a company is the total assets minus total liabilities, representing the value of the company's equity.

• Net worth is calculated by subtracting total liabilities from total assets.

• It is an important indicator of a company's financial health and stability.

• Investors and stakeholders often look at net worth to assess the value of a company.

• Example: Company A has total assets of $1 million and total liabiliti...read more

I plan to continue advancing in the field of costing and MIS, taking on more challenging roles and responsibilities.

• Pursuing advanced certifications in costing and MIS

• Seeking opportunities for leadership roles in costing departments

• Developing expertise in emerging technologies for cost analysis

• Networking with professionals in the field for career growth