Interview Questions and Answers

Reconciliation of statement of accounts involves comparing financial records to ensure accuracy and identify discrepancies.

• Verify all transactions on the statement of accounts match with the company's records

• Identify and investigate any discrepancies or errors

• Ensure all adjustments are properly recorded

• Perform a final check to ensure all accounts are balanced

• Maintain proper documentation of the reconciliation process

Growing delayed due to prioritizing domestic financial responsibilities over child education.

• Limited financial resources may be allocated towards household expenses instead of education

• Lack of awareness about the importance of education for children's future

• Cultural beliefs prioritizing other aspects over education

• Possible lack of access to quality education or resources

• Challenges in balancing work and family responsibilities

Supply Chain Management involves the coordination and optimization of all activities involved in the production and distribution of goods and services.

• Involves planning, sourcing, manufacturing, and delivering products to customers

• Focuses on efficiency, cost reduction, and customer satisfaction

• Includes activities such as inventory management, logistics, and supplier relationships

• Examples: Walmart's efficient supply chain management system, Amazon's use of technology for inven...read more

Transportation focuses on moving goods from one place to another, while logistics involves the management of the entire supply chain process.

• Transportation is the physical movement of goods or people from one location to another.

• Logistics involves the planning, coordination, and management of the flow of goods, information, and resources throughout the supply chain.

• Transportation is a subset of logistics, which encompasses a broader range of activities such as inventory manag...read more

Freight refers to goods or cargo transported by land, sea, or air for commercial purposes.

• Freight can be transported by trucks, trains, ships, or airplanes.

• It can include a wide range of items such as raw materials, finished products, machinery, and consumer goods.

• Freight is typically charged based on weight, volume, distance, and mode of transportation.

• Examples of freight companies include FedEx, UPS, Maersk Line, and DHL.