Senior Business Associate Interview Questions and Answers

Debit is not credit. Budget is a financial plan.

• Debit is an entry that represents money leaving an account

• Credit is an entry that represents money coming into an account

• Budget is a financial plan that outlines expected income and expenses

• Budgeting helps individuals and businesses manage their finances

• Debit cards allow individuals to spend money they already have in their account

Handled stakeholder relationships with clients, vendors, and internal teams to ensure successful project delivery.

• Managed communication and expectations with clients throughout project lifecycle

• Collaborated with vendors to ensure timely delivery of goods and services

• Worked closely with internal teams to ensure project goals were met

• Identified and addressed any potential conflicts or issues with stakeholders

• Maintained positive relationships with stakeholders to ensure future b...read more

TDS rate for contracts varies based on the nature of the contract and the payment recipient.

• TDS rate for contracts can range from 1% to 10% depending on the type of payment and the status of the payee.

• For example, TDS rate for professional fees is typically 10%, while TDS rate for rent payments is usually 10%.

• TDS rate for contracts with individuals is different from contracts with companies.

• It is important to check the specific TDS rate applicable for each contract to ensure ...read more

Sales approaches involve building relationships, identifying needs, presenting solutions, and closing deals.

• Building relationships with clients through networking and follow-up

• Identifying client needs by asking probing questions and active listening

• Presenting solutions that address the client's specific pain points

• Closing deals by overcoming objections and negotiating terms

Sales process is a systematic approach to selling a product or service, involving various stages from prospecting to closing the deal.

• Identifying potential leads and prospects

• Qualifying leads to determine their level of interest and fit

• Presenting the product or service to the prospect

• Handling objections and addressing concerns

• Closing the deal and following up with the customer

• Building and maintaining relationships with clients for repeat business