Find Interview Questions for Thompson rivers university

Right Answer:
Sales is the process of directly selling products or services to customers, while marketing involves creating awareness and interest in those products or services to attract potential customers.

Right Answer:
In my previous role, I focused on developing targeted marketing campaigns that increased brand awareness and customer engagement. For future planning, I aim to leverage data analytics to refine our strategies and identify emerging market trends. I have a strong understanding of our market's competitive landscape and potential growth areas, particularly in digital marketing and customer experience enhancement.

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I expect opportunities for professional growth, a collaborative work environment, and the chance to contribute to impactful marketing strategies that align with the company's goals.

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The objectives of inventory management are to:

1. Maintain optimal inventory levels to meet customer demand.
2. Minimize holding and storage costs.
3. Reduce stockouts and excess inventory.
4. Improve cash flow and working capital.
5. Enhance inventory turnover rates.
6. Ensure accurate inventory records and data.
7. Support efficient production and supply chain operations.

Right Answer:
a.) Fixed working capital refers to the minimum amount of capital that a business needs to maintain its operations and cover its short-term obligations, regardless of the level of production or sales.

b.) Variable working capital refers to the amount of capital that fluctuates with the business's operational needs, such as inventory and accounts receivable, which change based on sales volume and production levels.

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Cost of capital is the rate of return that a company needs to earn on its investments to maintain its market value and attract funds. It is important because it serves as a benchmark for evaluating investment opportunities, helps in budgeting and financial planning, and influences decisions on financing and capital structure.

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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.

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Over capitalization occurs when a company's capital is excessively high compared to its earnings, leading to a lower return on investment. Causes include overvaluation of assets, excessive debt, poor management decisions, and a lack of profitable investment opportunities.

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Working Capital Management (WCM) refers to the process of managing a company's short-term assets and liabilities to ensure it has sufficient liquidity to meet its operational expenses and short-term financial obligations. It involves optimizing the levels of inventory, accounts receivable, and accounts payable to maintain a healthy cash flow.

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Cost center budgeting is a financial planning process where budgets are created for specific departments or units within an organization, focusing on controlling costs and managing expenses related to those areas. Each cost center is responsible for its own budget, which helps in tracking performance and ensuring efficient resource allocation.

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I analyze program information and financial statements to identify past spending patterns and revenue sources. I then estimate future costs and revenues, aligning them with program goals. This helps me create a realistic budget that reflects both needs and available resources.

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Budgeting is the process of creating a plan to manage income and expenses over a specific period, helping to allocate resources effectively and achieve financial goals.

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5 days.

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Quality Assurance (QA) is a systematic process to ensure that products and services meet specified requirements and standards, focusing on preventing defects and improving processes to enhance overall quality.

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To address quality problems in production planning and customer complaints, implement a robust quality control system, conduct regular audits, and ensure effective communication between departments. Maintain minimum inventory levels by using just-in-time (JIT) inventory management and regularly review stock levels to prevent overstocking or stockouts. Prioritize resolving plant-level issues quickly to minimize disruptions in production control.