TechEra Engineering Interview Questions, Process, and Tips

Q1. What is inventory valuation?
Ans. 
Inventory valuation is the process of assigning a monetary value to the items held in a company's inventory.
• Inventory valuation helps in determining the cost of goods sold and the value of ending inventory on the balance sheet.

• Common methods of inventory valuation include FIFO (First-In-First-Out), LIFO (Last-In-First-Out), and weighted average cost.

• The choice of inventory valuation method can impact a company's profit...read more
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Q2. What is overheads?
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Overheads are indirect costs incurred by a business in its operations, not directly attributable to a specific product or service.
• Overheads include expenses like rent, utilities, salaries of support staff, and office supplies.

• These costs are necessary for the business to function but cannot be directly traced to a specific product or service.

• Overheads are typically allocated to products or services based on predetermin...read more
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Q3. Direct vs indirect expenses
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Direct expenses are directly related to production, while indirect expenses are not directly tied to production.
• Direct expenses can be easily traced to a specific cost object, such as raw materials or labor costs.

• Indirect expenses are not easily traceable to a specific cost object and are typically allocated based on a predetermined allocation method.

• Examples of direct expenses include direct materials, direct labor, a...read more
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Q1. Tell me something about yourself?
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Q2. Where do you see yourself in 5 Years?
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Good and challenging

Q1. What you know about automation
Ans. 
Automation involves the use of technology to perform tasks without human intervention.
• Automation can involve the use of robotics, artificial intelligence, and computer software to streamline processes and increase efficiency.

• Examples of automation include automated assembly lines in manufacturing plants, self-driving cars, and smart home devices.

• Automation can help reduce human error, increase productivity, and improve
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Q2. What will be the future of automation
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Automation will continue to advance with the integration of AI, IoT, and robotics, leading to increased efficiency and productivity.
• Integration of AI will enable automation systems to learn and adapt to new situations.

• IoT will allow for seamless communication between devices, improving overall automation processes.

• Robotics will play a key role in physical automation tasks, leading to increased accuracy and speed.

• Automa...read more
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