50+ Associate Lead Interview Questions and Answers

Money laundering is the process of making illegally obtained money appear legal, while terrorist financing is the act of providing funds or resources to support terrorist activities.

• Money laundering involves disguising the source of illegally obtained funds through a series of transactions to make it appear legitimate.

• Terrorist financing involves providing financial support to individuals or groups involved in terrorist activities.

• Money laundering can be used to fund terroris...read more

No, high change failure rate is not good.

• High change failure rate indicates poor planning and execution.

• It can lead to increased downtime, loss of productivity, and decreased customer satisfaction.

• It is important to identify the root cause of the failures and implement corrective actions.

• Regular monitoring and analysis of change failure rate can help improve overall performance.

Broadband is a high-speed internet connection that uses a wide range of frequencies to transmit data.

• Broadband is a high-speed internet connection that allows for faster data transmission compared to traditional dial-up connections.

• It works by using a wide range of frequencies to transmit data over a network infrastructure.

• Troubleshooting steps for broadband issues may include checking the modem and router connections, restarting the devices, checking for service outages, and...read more

Acceptance criteria and Definition of Done are two different things that are used to measure the success of a project.

• Acceptance criteria are the conditions that a product or service must meet to be accepted by the customer or stakeholder.

• Definition of Done is a checklist of all the tasks that must be completed before a project can be considered complete.

• Acceptance criteria are used to determine whether a product or service meets the customer's needs and expectations.

• Definiti...read more

ASC 606 is a revenue recognition standard that outlines the principles for recognizing revenue from contracts with customers.

• ASC 606 requires companies to recognize revenue when goods or services are transferred to customers in an amount that reflects the consideration the company expects to receive in exchange for those goods or services.

• The standard also requires companies to identify performance obligations in a contract, determine the transaction price, allocate the trans...read more

Sections impacted by change in specifications include design, production, quality control, and supply chain.

• Design: Changes in specifications may require redesigning products or components.

• Production: Production processes may need to be adjusted to accommodate new specifications.

• Quality Control: Quality control measures may need to be updated to ensure products meet new specifications.

• Supply Chain: Suppliers may need to be informed of changes in specifications to ensure mater...read more

Storage classes in C define the scope and lifetime of variables.

• C has four storage classes: auto, register, static, and extern.

• Auto variables are local to a block and have automatic storage duration.

• Register variables are stored in CPU registers for faster access.

• Static variables have a lifetime throughout the program and are initialized only once.

• Extern variables are declared in one file and can be accessed in other files.

• Memory layout of C includes stack, heap, and data seg...read more

Inventory management involves overseeing the flow of goods from manufacturers to warehouses to retailers, ensuring optimal levels of stock are maintained.

• Monitoring and tracking inventory levels

• Forecasting demand to prevent stockouts or overstocking

• Implementing inventory control measures to minimize losses

• Utilizing inventory management software for efficient tracking

• Optimizing inventory turnover to maximize profitability

Scrum is an agile framework for managing and completing complex projects.

• Scrum helps teams to work collaboratively and deliver high-quality products in a timely manner.

• It emphasizes on iterative and incremental development, continuous improvement, and customer feedback.

• Scrum consists of three roles: Product Owner, Scrum Master, and Development Team.

• It also includes four ceremonies: Sprint Planning, Daily Scrum, Sprint Review, and Sprint Retrospective.

• Scrum uses artifacts such...read more

Different stages of a change in ServiceNOW

• Initiation - Request for change is raised

• Assessment - Change request is assessed for feasibility and impact

• Approval - Change request is approved or rejected

• Implementation - Change is implemented in a controlled manner

• Review - Change is reviewed for effectiveness and any issues are addressed

• Closure - Change is closed and documentation is updated

Deferred revenue expenditure refers to expenses that are incurred in one accounting period but are recognized over a period of time.

• Deferred revenue expenditure is recorded as an asset on the balance sheet and is gradually expensed over the period of benefit.

• Accounting entries for deferred revenue expenditure involve debiting the asset account and crediting the expense account over the useful life of the expenditure.

• Examples of deferred revenue expenditure include advertising...read more

Trade payment methods include cash, credit, and electronic transfers. Product cycle includes development, introduction, growth, maturity, and decline.

• Trade payment methods refer to the ways in which a buyer can pay for goods or services.

• Cash payment involves physical currency exchange.

• Credit payment involves borrowing money and paying it back with interest.

• Electronic transfers involve the use of technology to transfer funds.

• Product cycle refers to the stages a product goes th...read more

Budgeting forecasting is the process of estimating future financial outcomes based on historical data and market trends.

• Budgeting forecasting involves analyzing past financial data and market conditions to predict future financial outcomes.

• It helps in setting financial goals, allocating resources, and making informed business decisions.

• Forecasting techniques include trend analysis, regression analysis, and time series analysis.

• For example, a company may use budgeting forecast...read more

Inward and outward processes are mandatory for efficient operations.

• Inward process involves receiving goods or information from external sources.

• Outward process involves sending goods or information to external sources.

• Both processes require proper documentation and tracking to ensure accuracy and accountability.

• Examples include receiving shipments from suppliers and sending products to customers.

Medical billing is the process of submitting and following up on claims with health insurance companies to receive payment for services.

• Medical billing involves coding diagnoses and procedures using standardized codes (e.g., ICD-10, CPT).

• Claims are submitted to insurance companies for reimbursement after patient services are rendered.

• The billing process includes verifying patient insurance coverage and eligibility before services.

• Denials may occur if claims are incorrect or i...read more

WNS stands out for its innovative solutions, client-centric approach, and commitment to employee development and sustainability.

• Client-Centric Approach: WNS tailors solutions to meet specific client needs, ensuring high satisfaction and long-term partnerships.

• Innovative Technology: Utilizes advanced analytics and AI to drive efficiency and improve decision-making for clients.

• Diverse Industry Expertise: WNS operates across various sectors, including healthcare, finance, and tr...read more

To fix VPN connectivity issues, check for network connectivity, firewall settings, and VPN configuration.

• Check if the device is connected to the internet

• Ensure that the firewall settings allow VPN traffic

• Verify the VPN configuration settings such as server address, authentication, and encryption

• Try restarting the VPN client or device

• Contact the VPN provider for further assistance

Yes, several process improvements have been implemented in the past.

• Implemented a new project management tool to streamline communication and task tracking

• Introduced a standardized training program for new hires to improve onboarding process

• Revised the customer service protocol to reduce response time and increase customer satisfaction

To fix docker login error, check credentials, registry URL, and network connectivity.

• Verify correct username and password are used

• Ensure correct registry URL is used

• Check network connectivity to registry

• Try logging in with --insecure-registry flag if using self-signed certificates

Sanctions are penalties or restrictions imposed on a country or individual to enforce international law or policy.

• Sanctions can include trade restrictions, financial penalties, travel bans, and arms embargoes.

• They are often used as a diplomatic tool to pressure a country to change its behavior.

• Examples of sanctions include the United States' sanctions on Iran for its nuclear program and the United Nations' sanctions on North Korea for its nuclear weapons testing.

• Sanctions can...read more

I do not drink or smoke.

• I lead a healthy lifestyle and prioritize my well-being.

• I believe in maintaining a clean and healthy lifestyle to perform at my best.

• I choose not to drink or smoke for personal reasons and to stay focused on my goals.

Accruals are accounting adjustments for revenues and expenses that have been incurred but not yet recorded.

• Accrual accounting recognizes revenue when earned, not when received.

• Expenses are recorded when incurred, not when paid.

• Example: If services are provided in December but billed in January, an accrual is made for December's revenue.

• Journal entry for accrued revenue: Debit Accounts Receivable, Credit Revenue.

• Example: If a company incurs $1,000 in utilities for December, th...read more

NSAIDs are a class of drugs that work by inhibiting the enzyme cyclooxygenase, reducing inflammation, pain, and fever.

• NSAIDs stand for nonsteroidal anti-inflammatory drugs

• They work by inhibiting the enzyme cyclooxygenase, which reduces the production of prostaglandins

• Prostaglandins are chemicals in the body that cause inflammation, pain, and fever

• Common examples of NSAIDs include ibuprofen, aspirin, and naproxen

Intercompany reconciliation involves comparing and resolving discrepancies between financial transactions between different entities within the same organization.

• Identify intercompany transactions by analyzing financial statements and records

• Match corresponding transactions between entities

• Investigate and resolve any discrepancies or differences

• Ensure proper elimination of intercompany transactions in consolidated financial statements

• Use software or tools to streamline the re...read more

HTML and CSS are essential languages for building and styling websites.

• HTML stands for HyperText Markup Language and is used for creating the structure of a webpage.

• CSS stands for Cascading Style Sheets and is used for styling the elements on a webpage.

• HTML uses tags to define different elements like headings, paragraphs, images, and links.

• CSS allows for customization of colors, fonts, layouts, and more on a webpage.

• Both HTML and CSS are crucial for creating responsive and vi...read more

The operation runs through a series of planned and coordinated activities to achieve a specific goal.

• Operations involve planning, organizing, coordinating, and controlling resources to achieve a specific goal.

• The process includes identifying objectives, designing strategies, allocating resources, and monitoring progress.

• Effective communication, teamwork, and problem-solving skills are essential for successful operations.

• Examples include manufacturing processes, supply chain m...read more

Preparing cash flow statements involves analyzing cash inflows and outflows to assess a company's liquidity and financial health.

• Start by gathering financial data, including cash receipts and payments.

• Categorize cash flows into operating, investing, and financing activities.

• Calculate net cash flow by subtracting cash outflows from cash inflows.

• Prepare the cash flow statement using the direct or indirect method.

• Ensure accuracy by reconciling the statement with other financial ...read more