Find Interview Questions for Big Boy Toyz

Right Answer:
To maintain and update attendance and overtime records, use a reliable software or spreadsheet to track employee hours. For managing shift work, create a clear schedule that outlines shifts and responsibilities. To prepare work/operational instruction sheets, document procedures step-by-step, ensuring clarity and accessibility for all employees.

Right Answer:
Inventory planning is the process of determining the optimal quantity and timing of inventory to meet customer demand while minimizing costs and maximizing efficiency.

Right Answer:
Cycle inventory is required to meet regular demand for products between replenishment orders.

Right Answer:
A Class A item is a high-value item that typically represents a small percentage of the total inventory but a large percentage of the overall inventory value.

Right Answer:
A two-bin system is an inventory management method where stock is divided into two bins: one bin holds the working inventory, while the second bin serves as a reserve. When the first bin is empty, a reorder is triggered to replenish stock from the reserve bin.

Right Answer:
Some common data analysis tools and software include:

1. Microsoft Excel
2. R
3. Python (with libraries like Pandas and NumPy)
4. SQL
5. Tableau
6. Power BI
7. SAS
8. SPSS
9. Google Analytics
10. Apache Spark

Right Answer:
The purpose of feature engineering in data analysis is to create, modify, or select variables (features) that improve the performance of machine learning models by making the data more relevant and informative for the analysis.

Right Answer:
Descriptive statistics summarize and describe the main features of a dataset, using measures like mean, median, mode, and standard deviation. Inferential statistics use sample data to make predictions or inferences about a larger population, often employing techniques like hypothesis testing and confidence intervals.

Right Answer:
Some common data visualization techniques include:

1. Bar Charts
2. Line Graphs
3. Pie Charts
4. Scatter Plots
5. Histograms
6. Heat Maps
7. Box Plots
8. Area Charts
9. Tree Maps
10. Bubble Charts

Right Answer:
Outliers are data points that significantly differ from the rest of the dataset. They can skew results and affect statistical analyses. To handle outliers, you can:

1. Identify them using methods like the IQR (Interquartile Range) or Z-scores.
2. Remove them if they are errors or irrelevant.
3. Transform them using techniques like log transformation.
4. Use robust statistical methods that are less affected by outliers.
5. Analyze them separately if they provide valuable insights.

Right Answer:
Secured loans are loans backed by collateral, meaning the borrower offers an asset (like a house or car) that the lender can claim if the loan is not repaid. Unsecured loans, on the other hand, are not backed by any collateral, relying solely on the borrower's creditworthiness for approval and repayment.

Right Answer:
Fund-based lending methods include:

1. **Term Loans**: Loans provided for a specific period, typically for purchasing assets or financing projects.
2. **Working Capital Loans**: Short-term loans to finance day-to-day operations and manage cash flow.
3. **Overdrafts**: Allowing borrowers to withdraw more than their account balance up to a certain limit.
4. **Cash Credit**: A short-term facility allowing businesses to withdraw funds as needed, up to a pre-approved limit.
5. **Bills Discounting**: Financing against bills of exchange or promissory notes before their maturity date.
6. **Project Financing**: Loans provided for specific projects, secured by the project's cash flow and assets.

Right Answer:
a.) Floating rate bonds: These are bonds with interest payments that vary based on a benchmark interest rate, such as LIBOR. The interest rate is adjusted periodically, which means the bondholder's income can change over time.

b.) Zero coupon bonds: These are bonds that do not pay periodic interest. Instead, they are sold at a discount to their face value and pay the full face value at maturity. The difference between the purchase price and the face value represents the investor's return.

Right Answer:
A bill of materials (BOM) is a comprehensive list of raw materials, components, and assemblies needed to manufacture a product. Its functions include:

1. **Inventory Management**: Helps track materials required for production.
2. **Cost Estimation**: Assists in calculating the total cost of production.
3. **Production Planning**: Guides the scheduling and workflow in manufacturing.
4. **Product Structure**: Provides a clear hierarchy of components and subassemblies.
5. **Communication**: Serves as a reference for various departments, ensuring everyone is aligned on product specifications.

Right Answer:
Cumulative shares are preferred shares that accumulate unpaid dividends, which must be paid out before any dividends are distributed to common shareholders. Non-cumulative shares, on the other hand, do not accumulate unpaid dividends; if a dividend is not declared in a given period, shareholders do not receive it in the future.