SMB Catalyst Interview Questions and Answers

A framework is a set of guidelines, standards, and tools used to develop software applications.

• A framework provides a structure for developers to build upon

• It includes pre-written code and libraries to simplify development

• Frameworks can be specific to a programming language or platform

• Examples include React for web development and TensorFlow for machine learning

Swap two numbers with and without temporary variable

• Without temporary variable: Use addition and subtraction

• With temporary variable: Use a third variable to store the value of one of the numbers

• Example without temporary variable: a=5, b=7; a=a+b; b=a-b; a=a-b;

• Example with temporary variable: a=5, b=7; temp=a; a=b; b=temp;

Depreciation is necessary to allocate the cost of an asset over its useful life.

• Depreciation helps in matching the cost of an asset with the revenue it generates.

• It allows for the recognition of the wear and tear, obsolescence, and loss of value of assets over time.

• Depreciation expense reduces taxable income, resulting in tax savings for companies.

• It helps in determining the true profitability and financial position of...read more