Testing Machine Service Centre NABL Calibration Laboratory Senior Executive Interview Questions and Answers

A buyer is a person or entity who purchases goods or services in exchange for money or other forms of payment.

• Buyers can be individuals or organizations.

• They play a crucial role in the supply chain by selecting and procuring products or services.

• Buyers negotiate prices, terms, and conditions with sellers.

• They may conduct market research to identify potential suppliers and evaluate their offerings.

• Buyers may also be res...read more

Fabrication involves the creation or construction of something, often using various materials and techniques.

• Fabrication is the process of making or manufacturing something.

• It involves using materials and techniques to create a finished product.

• Examples of fabrication include welding, machining, and 3D printing.

• Fabrication can be used in various industries such as automotive, aerospace, and construction.

Yes, I have knowledge of both Oracle and SAP.

• I have experience working with Oracle databases and SAP ERP systems.

• I am familiar with Oracle's SQL and PL/SQL languages.

• I have used SAP modules such as SAP FI/CO and SAP MM.

• I have completed training courses on Oracle and SAP.

• I have successfully implemented Oracle and SAP solutions in previous projects.

Reconciliation is the process of comparing two sets of records to ensure their accuracy and consistency.

• Reconciliation is a financial term used to verify and match transactions between two accounts or statements.

• It helps identify discrepancies, errors, or missing entries in the records.

• Types of reconciliation include bank reconciliation, account reconciliation, and intercompany reconciliation.

• Bank reconciliation involv...read more

Bank reconciliation is the process of comparing a company's bank statement with its own financial records.

• It helps to identify any discrepancies between the two records.

• It ensures that all transactions are accurately recorded in the company's books.

• It involves matching the transactions on the bank statement with the transactions in the company's accounting system.

• Any differences between the two records are investigated...read more

Reconciliation involves identifying and resolving differences between two parties.

• Identify the differences between the parties involved

• Communicate with the other party to understand their perspective

• Find common ground and negotiate a solution

• Agree on a plan of action to move forward

• Follow up to ensure the plan is being implemented and effective

Accounts refer to financial records that track the flow of money in and out of a business. They are important for financial management.

• Accounts are used to track financial transactions such as sales, expenses, and payments.

• They help businesses keep track of their financial health and make informed decisions.

• Accounts are important for tax purposes and for meeting legal requirements.

• Examples of accounts include cash, acc...read more

Bank reconciliation is the process of comparing a company's financial records with those of its bank to ensure accuracy.

• Bank reconciliation involves matching transactions in a company's accounting records with those in its bank statement.

• Any discrepancies are identified and investigated, such as outstanding checks or deposits in transit.

• The goal is to ensure that the company's cash balance in its accounting records mat...read more

ATM reconciliation is the process of ensuring that the amount of cash in an ATM matches the amount recorded in the bank's books.

• ATM reconciliation involves comparing the cash dispensed by the ATM with the transactions recorded in the bank's system.

• Any discrepancies are investigated and resolved to ensure that the ATM balance matches the bank's balance.

• ATM reconciliation is typically done on a daily basis to ensure accu...read more

Error transaction refers to a failed or incorrect transaction that did not complete successfully.

• It can occur due to various reasons such as insufficient funds, incorrect account details, technical issues, etc.

• Error transactions can result in loss of money or delay in processing.

• Examples include failed ATM withdrawals, declined credit card payments, and unsuccessful online transfers.

Error transactions can be rectified by identifying the cause and taking appropriate corrective actions.

• Identify the cause of the error transaction

• Determine the appropriate corrective action

• Implement the corrective action

• Ensure the error transaction is properly documented for future reference

Communicating with customers is crucial for understanding their needs and providing excellent service.

• Listen actively to their concerns and feedback

• Use clear and concise language to avoid confusion

• Be empathetic and understanding of their perspective

• Provide timely and effective solutions to their problems

• Follow up to ensure their satisfaction and loyalty