CMA Trainee Interview Questions and Answers

Marginal costing is related to IOCL in terms of cost analysis and decision-making.

• Marginal costing helps in determining the cost of producing an additional unit of output in IOCL.

• It helps in analyzing the impact of changes in production volume on costs and profitability.

• Marginal costing assists in decision-making regarding pricing, product mix, and cost control in IOCL.

• It focuses on variable costs and contribution margin, which are crucial for IOCL's financial performance.

• For...read more

CSR is applicable to all types of organizations, regardless of size or industry, as it involves the responsibility of businesses to contribute to societal goals.

• CSR is applicable to all types of organizations, including small businesses, multinational corporations, and non-profit organizations.

• It involves the responsibility of businesses to contribute to societal goals, such as environmental sustainability, social welfare, and ethical practices.

• Examples of CSR initiatives inc...read more

Sections of TDS include TDS on salary, TDS on interest, TDS on rent, TDS on professional fees, etc.

• TDS on salary is deducted by employers from employees' salaries

• TDS on interest is deducted by banks on interest earned on fixed deposits

• TDS on rent is deducted by tenants on rent paid to landlords

• TDS on professional fees is deducted by businesses on payments made to professionals

BCG Matrix is a strategic planning tool used to analyze a company's portfolio of products or services based on market growth rate and market share.

• Divides products/services into four categories: Stars, Cash Cows, Question Marks, and Dogs

• Helps in making decisions on resource allocation and investment

• Example: Apple's iPhone would be considered a Star product in the BCG Matrix