Wheels Emi Interview Questions and Answers

ROI, or Return on Investment, measures the profitability of an investment relative to its cost.

• ROI is calculated using the formula: (Net Profit / Cost of Investment) x 100.

• A higher ROI indicates a more profitable investment.

• For example, if you invest $1,000 and earn $1,200, your ROI is 20%.

• ROI can be used to compare the profitability of different investments.

• It's important to consider the time frame of the investm...read more

Depreciation is the reduction in value of an asset over time, reflecting wear and tear or obsolescence.

• Depreciation accounts for the decrease in value of physical assets like machinery and vehicles.

• For example, a delivery truck purchased for $30,000 may depreciate by $3,000 each year.

• It is used in accounting to allocate the cost of an asset over its useful life.

• Common methods of depreciation include straight-line,...read more

Finance is the study and management of money, investments, and financial systems to achieve economic goals.

• Finance involves budgeting, forecasting, and managing funds effectively.

• It encompasses personal finance, corporate finance, and public finance.

• Examples include managing a household budget or a company's investment portfolio.

• Financial markets, such as stock and bond markets, play a crucial role in finance.

• Risk...read more

Accounting focuses on recording financial transactions, while finance involves managing assets and investments for future growth.

• Accounting is primarily concerned with the accurate recording of financial transactions, such as sales and expenses.

• Finance deals with the management of assets and liabilities, including investment strategies and capital allocation.

• Example of accounting: Preparing financial statements li...read more

EMI stands for Equated Monthly Installment, a fixed payment amount made by a borrower to a lender at a specified date each calendar month.

• EMI is commonly used in loans such as home loans, personal loans, and auto loans.

• For example, if you take a home loan of $100,000 at an interest rate of 5% for 20 years, your EMI would be approximately $659.

• EMIs help borrowers manage their finances by spreading the repayment ove...read more

Growth is the process of increasing in size, quantity, or importance.

• Growth can refer to personal or professional development.

• In business, growth can mean expanding operations, increasing revenue, or entering new markets.

• Growth can also refer to physical growth, such as the growth of a plant or animal.

• Growth is often measured by metrics such as sales, profits, or market share.

• Sustainable growth is important to ens...read more

I believe in zero tolerance for fraud, misbehavior, and wrong dealings. I have dealt with such cases strictly in the past.

• I believe in creating a culture of honesty and transparency in the workplace.

• I have implemented strict policies and procedures to prevent fraud and misconduct.

• I have conducted thorough investigations into any suspected cases of fraud or misconduct.

• I have taken appropriate disciplinary action ag...read more

In reference checks, I will verify the candidate's employment history, job responsibilities, performance, and conduct.

• Verify employment history and job titles

• Confirm job responsibilities and duties

• Assess performance and achievements

• Check conduct and behavior

• Speak with at least two references

• Ask open-ended questions to get detailed responses

• Listen for any red flags or concerns

• Document all findings for future refere...read more