UMSL Senior Manager Finance & Accounts Interview Questions and Answers

Planning is the process of setting goals, developing strategies, and outlining tasks to achieve those goals.

• It involves identifying objectives and determining the resources needed to achieve them.

• It helps in anticipating potential problems and finding solutions to them.

• It requires analyzing data and making informed decisions based on that data.

• Examples include financial planning, project planning, and strategic plannin...read more

Bid cost is the total cost incurred in preparing and submitting a bid for a project or contract.

• Bid cost includes expenses such as labor, materials, and overhead costs.

• It also includes the cost of researching and analyzing the project requirements.

• Bid cost is an important factor in determining the profitability of a project.

• For example, if the bid cost is too high, it may not be worth pursuing the project.

• Bid cost can ...read more