Right Answer: The different types of telecommunications networks include:
1. **Public Switched Telephone Network (PSTN)** - Traditional landline networks.
2. **Mobile Networks** - Cellular networks for mobile phones (e.g., 3G, 4G, 5G).
3. **Satellite Networks** - Communication via satellites in orbit.
4. **Optical Fiber Networks** - High-speed data transmission using fiber optics.
5. **Wireless Local Area Networks (WLAN)** - Local networks using wireless technology (e.g., Wi-Fi).
6. **Wide Area Networks (WAN)** - Networks that cover large geographical areas.
7. **Local Area Networks (LAN)** - Networks that cover a small geographical area, like a home or office.
8. **Virtual Private Networks (VPN)** - Secure connections over the internet for private communication.
Right Answer: I listen carefully to instructions and criticism, take notes if needed, and reflect on them to improve my work. I appreciate constructive feedback as it helps me grow and perform better.
Right Answer: In quantity surveying, 'zero value' refers to items or work that are included in a project but do not have a cost associated with them, often because they are not expected to incur any expenses or are accounted for in other ways.
Right Answer: As a project manager at the Saudi Kayan project, my role and responsibilities included overseeing project planning, coordinating with stakeholders, managing resources, ensuring compliance with safety and quality standards, monitoring project progress, and delivering the project on time and within budget.
Ques:- Why do we have two types of scheduling options in Primavera – Retained logic and progress override? What is the difference between the two and when is either one selected?
Right Answer: In Primavera, we have two types of scheduling options: Retained Logic and Progress Override.
- **Retained Logic** maintains the original relationships and dependencies between tasks, ensuring that the schedule reflects the planned sequence of work. It is selected when you want to keep the integrity of the project plan intact.
- **Progress Override** allows for adjustments to the schedule based on actual progress, which can change the relationships between tasks. It is selected when you need to reflect real-time updates and changes in task completion that may affect the overall schedule.
Use Retained Logic for accurate planning and Progress Override for flexibility in managing ongoing project changes.
Right Answer: In case of a dispute between the contractor and the client, both parties should first attempt to resolve the issue through direct communication. If that fails, they can refer to the contract's dispute resolution clause, which may involve mediation, arbitration, or legal action as a last resort.
Ques:- A tire manufacturer in Vietnam has been the only player in that market due to high tariffs on imports. They dominate the tire industry. As it stands, the tariff is 50% of the total cost to produce and ship a tire to Vietnam. Because of the forces of globalization and lower consumer prices, the Vietnamese government decided to lower the tariff by 5% a year for the next ten years. The company is very concerned about this change, as it will radically alter the landscape of the industry in Vietnam. They hire you to assess the situation and advise them on what steps to take.
Right Answer: The tire manufacturer should take the following steps:
1. **Cost Reduction**: Focus on reducing production costs to maintain competitiveness as tariffs decrease.
2. **Market Research**: Analyze potential competitors and market trends to understand the impact of reduced tariffs.
3. **Product Differentiation**: Invest in innovation and quality improvements to differentiate their products from potential imports.
4. **Strategic Partnerships**: Consider forming alliances with local distributors or retailers to strengthen market presence.
5. **Diversification**: Explore opportunities to diversify product offerings or enter new markets to mitigate risks.
6. **Advocacy**: Engage with the government to discuss potential support measures for local manufacturers.
7. **Long-term Planning**: Develop a long-term strategy that anticipates further tariff reductions and prepares for increased competition.
Right Answer: To improve relations with our customers, we can enhance communication by actively listening to their feedback, providing personalized support, and regularly checking in to understand their needs. Additionally, we can offer loyalty programs, ensure timely responses to inquiries, and create opportunities for customer engagement through events or surveys.
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.
Ques:- An elevator company wants to know why their sales have fallen and with it their profits. Quantify the loss they have made. Tell me how we need to get around it.
Right Answer: To quantify the loss, analyze sales data over the past year, comparing it to previous years to identify the percentage decrease in sales and profits. For example, if sales dropped from $1 million to $700,000, that’s a 30% decrease, leading to a proportional profit loss.
To address the issue, conduct market research to understand customer needs, improve product features, enhance marketing strategies, and explore new markets or partnerships. Additionally, gather feedback from customers and sales teams to identify specific pain points and adjust offerings accordingly.
Right Answer: I would invest a significant portion in diverse assets for long-term growth, allocate funds for philanthropic initiatives to address social issues, and set aside some for personal and family needs.
Right Answer: A deadlock is a situation in computer systems where two or more processes are unable to proceed because each is waiting for the other to release a resource, resulting in a standstill.