Advantages:
1. More useful in connecting LAN with the Internet
2. Speed depends on the cost
Disadvantages:
1. Acts just as a interface between LAN and Internet
2. No traffic maintenance is present
AdminMay 17, 2020
Slow speed when compared to hub
Limited no of systems can be connected max-8 or 12
Ques:- A 350-bed hospital in a metro city has historically exhibited strong financial performance, and had a 1-3% operating gain each year for the last five years. However, they are projecting a Rs.30 Cr operating loss this year and expect this situation to worsen in the future. The CFO believes that they will be out of cash within five years. They are our big client and have asked us to identify the source of this sudden downturn, and to come up with alternatives to restore them to a break-even position. They will not consider layoffs as a possible solution. What to do?
Right Answer: 1. **Analyze Revenue Streams**: Review patient volume, payer mix, and service utilization to identify declines in revenue.
2. **Cost Management**: Examine operational costs, including supply chain inefficiencies and overhead expenses, to identify areas for cost reduction without layoffs.
3. **Service Line Review**: Assess the profitability of different departments and services to focus on high-margin areas and consider discontinuing or restructuring underperforming services.
4. **Enhance Patient Experience**: Improve patient satisfaction and retention through better service delivery and engagement strategies to increase patient volume.
5. **Diversify Services**: Explore new service offerings or partnerships that can attract more patients or generate additional revenue streams.
6. **Financial Restructuring**: Consider renegotiating contracts with suppliers and payers to improve margins and cash flow.
7. **Community Outreach**: Increase marketing efforts to raise awareness of services and attract more patients from the community.
8. **Technology Investment**: Invest in technology to improve operational efficiency
Ques:- Your client is a ski resort. Global warming has made it such that natural snowfall has been reduced by 50%. They client is concerned. What should they do and why?
Right Answer: The ski resort should invest in snowmaking technology to create artificial snow, diversify their offerings to include activities that don't rely on snow (like mountain biking or hiking), and promote year-round tourism to reduce dependence on winter snowfall.
Ques:- A travel agency makes a 10% commission on all of its travel bookings. Their current profit before taxes is $1MM, while the industry average ranges from $2MM to $3.5MM. Why are they making less than the industry average?
Right Answer: The travel agency may be making less than the industry average due to factors such as higher operational costs, lower sales volume, less effective marketing strategies, or offering less competitive pricing compared to other agencies.
Right Answer: In my previous job, I had to manage multiple projects with tight deadlines. I created a prioritized to-do list, allocated specific time blocks for each task, and used project management tools to track progress. I communicated regularly with my team to delegate tasks and ensure everyone was aligned. As a result, we completed all projects on time, and the quality of work exceeded client expectations.
Ques:- The year is 1980, your client has invented a new piece of office equipment called a fax machine. They are debating whether or not to invest in manufacturing and marketing this product. What factors should they consider and should the launch it or not launch it and why?
Right Answer: They should consider market demand for fax machines, competition, production costs, potential pricing, target audience, and technological trends. If there is a significant demand and they can produce it at a competitive price, they should launch it; otherwise, they should hold off.
Right Answer: I actively seek feedback by asking for input from colleagues and supervisors, listen carefully to their suggestions, and reflect on their comments. I prioritize constructive criticism, set specific goals for improvement, and regularly check my progress. Additionally, I maintain a growth mindset, viewing feedback as an opportunity to learn and develop my skills.
Right Answer: In my previous job, I worked with a colleague who preferred detailed written communication over verbal discussions. To adapt, I started sending more comprehensive emails and reports, ensuring I included all necessary information. This change helped us collaborate more effectively and improved our project outcomes.
Right Answer: To balance flexibility with staying focused on core objectives, I prioritize my goals and regularly review them. I remain open to new ideas and changes but ensure that any adjustments align with my main objectives. This way, I can adapt as needed while keeping my focus on what’s most important.
Right Answer: Adaptability in a professional setting means being open to change, adjusting to new situations, and being flexible in response to challenges or shifting priorities while maintaining productivity and effectiveness.
Right Answer: I manage stress or frustration by taking a moment to pause and assess the situation. I prioritize tasks, break them down into smaller steps, and focus on what I can control. I also communicate with my team to share concerns and seek support, and I practice stress-relief techniques like deep breathing or short breaks to maintain my focus and productivity.
