PwC Associate Consultant Interview Questions and Answers

Optimization techniques are methods used to improve performance, efficiency, or effectiveness in various fields.

• Linear Programming: Used in resource allocation problems, e.g., maximizing profit in manufacturing.

• Integer Programming: Useful in scheduling problems, e.g., assigning tasks to workers.

• Dynamic Programming: Applied in complex decision-making, e.g., shortest path in graphs.

• Genetic Algorithms: Inspired by na...read more

Major observations of p2p with financial impact

• Increased efficiency in transactions due to direct peer-to-peer interactions

• Reduced costs as intermediaries are eliminated from the process

• Greater transparency and security in transactions

• Potential for disintermediation in various industries

• Challenges with regulation and legal frameworks

• Examples: Bitcoin, Ethereum, Airbnb, Uber

There are approximately 15,000 vada pav stalls in Mumbai.

• Consider the population of Mumbai and the popularity of vada pav as a street food.

• Estimate the number of stalls per area in the city.

• Factor in the demand for vada pav during peak hours and locations like train stations.

• Take into account the number of tourists and locals who consume vada pav regularly.

The p value is a statistical measure that helps determine the significance of results in hypothesis testing.

• The p value is the probability of obtaining results as extreme as the observed results, assuming the null hypothesis is true.

• A p value of less than 0.05 is typically considered statistically significant, indicating that the null hypothesis can be rejected.

• A p value greater than 0.05 suggests that the results...read more

Contingent liability is a potential liability that may occur in the future depending on the outcome of a specific event.

• Contingent liabilities are not recorded on the balance sheet but disclosed in the notes to the financial statements.

• They are dependent on a future event, such as a lawsuit outcome or a product warranty claim.

• If the event occurs, the company will have to fulfill the obligation and recognize the li...read more

The abc_terminology in the xyz framework refers to a specific concept that enhances understanding and application of the framework.

• abc_terminology defines key components of the xyz framework, such as roles and responsibilities.

• For example, in project management, abc_terminology might refer to stakeholder identification.

• It helps in aligning team efforts towards common goals by providing a clear vocabulary.

• Understan...read more

Developed a custom object for tracking employee training and certifications.

• Created custom fields to track training completion and expiration dates.

• Implemented validation rules to ensure data accuracy.

• Built custom reports and dashboards for management visibility.

• Integrated with HRIS system for automated updates.

• Provided training to end-users on new functionality.