Compensation Management - 2

LIST OF ATTEMPTED QUESTIONS AND ANSWERS



Multiple Choice Single Answer
Question
In Payroll process, Cost of Living Index provides the basis for calculating :-
Correct Answer
D.A.
Your Answer
HRA

Multiple Choice Single Answer
Question
In developmental phase, the dotcom companies concentrate on :-
Correct Answer
Building brand
Your Answer
Building brand

Multiple Choice Single Answer
Question
Indirect compensation mainly acts as :-
Correct Answer
Maintenance factor
Your Answer
Motivating factor

Select The Blank
Question
compensation should be ________ efficiency & result .
Correct Answer
Directly proportional
Your Answer
Directly proportional

Match The Following
Question
Correct Answer
Your Answer
Merric's multiple piece rate plan
Low piece rate for slow workers and high piece rate for higher production
Payment for time saved
Emerson efficiency plan
Gradual increase in remuneration based on efficiency
Gradual increase in remuneration based on efficiency
Co-partnership system
Sharing profits undertaking
Sharing profits undertaking
Taylor's differential piece-rate plan
No fear of wage cut
Low piece rate for slow workers and high piece rate for higher production

Multiple Choice Single Answer
Question
The expenditure on medical treatment and stay abroad will be exempt only to the extent permitted by :-
Correct Answer
Reserve Bank of India
Your Answer
State Government

Multiple Choice Multiple Answer
Question
Extent of employees turnover depends upon :-
Correct Answer
Type of industry , Male to female ratio , Physical conditions within organisation
Your Answer
Type of industry , Male to female ratio , Physical conditions within organisation

Multiple Choice Single Answer
Question
At germination stage, to attract and retain talent, dotcom companies offer :
Correct Answer
Stock option
Your Answer
Stock option

True/False
Question
Wage & salary are also subject to a variety of legislation & in this context, compliance with existing legislative measure is very important.
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
Rate of crime is very high in :-
Correct Answer
Industrial towns , Industrial cities , Industrial districts
Your Answer
Industrial towns , Industrial cities , Industrial districts

Multiple Choice Single Answer
Question
The persons working in multinational companies occupying the higher positions in hierarchy enjoy :-
Correct Answer
Lavish life-style
Your Answer
Expensive life-style

Multiple Choice Single Answer
Question
When a dotcom company starts earning profits, promoters are focused on the launch of:-
Correct Answer
IPO
Your Answer
New business deals

Multiple Choice Multiple Answer
Question
For the valuation of rent free accommodation, 'Salary' includes :
Correct Answer
D A , Bonus , Education Allowance
Your Answer
Gratuity , D A , Bonus

True/False
Question
Provident fund is component of gross earnings.
Correct Answer
False
Your Answer
True

Select The Blank
Question
________ are assured of a stable amount of money.
Correct Answer
Employees
Your Answer
Employers

Select The Blank
Question
Generally, the strong & more powerful is the trade union, the ________ are the wages.
Correct Answer
Higher
Your Answer
Higher

Multiple Choice Single Answer
Question
Travel & Tourism agencies is an example of :-
Correct Answer
Hospitality industries
Your Answer
Hospitality industries

Multiple Choice Single Answer
Question
In post IPO stage, dotcom company gives its employees :-
Correct Answer
Balanced total reward package
Your Answer
Stock options

Multiple Choice Single Answer
Question
In recent times, in addition to stock options, employees of dotcom companies are demanding :-
Correct Answer
Cash bonus
Your Answer
Cash bonus

Multiple Choice Single Answer
Question
Dotcom companies were founded to go beyond :-
Correct Answer
Physical business
Your Answer
Physical business

Multiple Choice Multiple Answer
Question
Salesmen are usually given incentives in the form of sales commission because of :-
Correct Answer
Unsupervised nature of most sales work , Tradition in the market , Assumption that incentives are needed to motivate salesman
Your Answer
Unsupervised nature of most sales work , Tradition in the market , Assumption that incentives are needed to motivate salesman

Multiple Choice Multiple Answer
Question
Following are causes of idle time of labour pertaining to administration :-
Correct Answer
Poor management , Management policy
Your Answer
Failure of electricity. , Poor management , Management policy

True/False
Question
Incentive payments should be made at the end of fiscal year.
Correct Answer
False
Your Answer
False

Multiple Choice Multiple Answer
Question
Source documents for preparations of wages are :-
Correct Answer
Daily time sheet , Weekly time sheet. , Attendance register.
Your Answer
Daily time sheet , Weekly time sheet. , Attendance register.

Multiple Choice Multiple Answer
Question
Incentive schemes suffer because of :-
Correct Answer
Tendency among workers to sacrifice quality for quantity , Rapid progress in technology , Disregard for safety regulations by workers
Your Answer
Tendency among workers to sacrifice quality for quantity , Rapid progress in technology , Disregard for safety regulations by workers

Multiple Choice Multiple Answer
Question
Employees are paid incentives on 'Output' basis if :-
Correct Answer
Units of output can be measured , Direct relationship between employee efforts and quantity of output , Jobs are standardised
Your Answer
Units of output can be measured , Direct relationship between employee efforts and quantity of output , Jobs are standardised

True/False
Question
In piece rate & time rate combination, if payment is calculated on the basis of piece rate guaranteed and if number of pieces fall below the minimum wages guaranteed, he is paid by time rate (T).
Correct Answer
True
Your Answer
True

True/False
Question
Equal remuneration Act, 1976 discriminates on the ground of sex against women in the matter of employment.
Correct Answer
False
Your Answer
False

Multiple Choice Single Answer
Question
In metropolitan towns boys and girls are generally marring at the age of :-
Correct Answer
25 to 35
Your Answer
25 to 35

Multiple Choice Single Answer
Question
In high profit making organisation compensation paid is relatively:-
Correct Answer
Higher
Your Answer
Higher

Select The Blank
Question
Gross Earnings - Deductions equals ________.
Correct Answer
Net Earnings
Your Answer
Net Earnings

Match The Following
Question
Correct Answer
Your Answer
Bonus to top management
Overall corporate results
Overall corporate results
Time' incentive plan
Delays in work are frequent
Unsupervised nature of job
Output' Incentive plan
Units of output are measurable
Units of output are measurable
Commission' to salesmen
Unsupervised nature of job
Group incentive

Multiple Choice Single Answer
Question
If the employment is merely incidental to the exercise of a profession, the gains from such employment would be :-
Correct Answer
Professional earnings
Your Answer
Professional earnings

Multiple Choice Multiple Answer
Question
Which of the following are used to compensate major executives?
Correct Answer
Straight salaries , Bonuses , Profit sharing
Your Answer
Straight salaries , Bonuses , Profit sharing

Multiple Choice Multiple Answer
Question
Article 43 reads: State shall endeavour to secure by suitable legislation to all :-
Correct Answer
Agricultural workers , Industrial , Working in a living wage
Your Answer
Agricultural workers , Industrial , Working in a living wage

Select The Blank
Question
________ cost do not vary much in proportion to output or volume of production.
Correct Answer
Direct Labour
Your Answer
Direct Labour

Multiple Choice Multiple Answer
Question
The characteristics of profit sharing plan are :-
Correct Answer
Profits are payable at long intervals , Payments to employees are uncertain , Payment is regarded sometimes as windfall gain
Your Answer
Profits are payable at long intervals , Payments to employees are uncertain , Payment is regarded sometimes as windfall gain

Multiple Choice Multiple Answer
Question
Broad groups may be illustrated within manufacturing as :-
Correct Answer
Managerial , Clerical , Factory
Your Answer
Managerial , Clerical , Factory

Multiple Choice Single Answer
Question
Wages of security men in a production unit comes under :-
Correct Answer
Indirect labour
Your Answer
Indirect expenses

Multiple Choice Single Answer
Question
Wage Policy is of great concern to :-
Correct Answer
Labour Management & Govt.
Your Answer
Labour Management & Govt.

Select The Blank
Question
After deducting depreciation and initial or development rebate from profit, we arrive at ________.
Correct Answer
Surplus profit
Your Answer
Surplus profit

True/False
Question
Education expenses on employee's family members paid or reimbursed by the employer are not taxable.
Correct Answer
False
Your Answer
True

Select The Blank
Question
Casual workers comes under ________ class of workers.
Correct Answer
Unskilled
Your Answer
Unskilled

Select The Blank
Question
Employee's State Insurance Act, ________ is a pioneering measure in the field of social insurance of our country.
Correct Answer
1948
Your Answer
1948

Select The Blank
Question
________ are also aid to executives a certain percentage of the profits.
Correct Answer
Bonuses
Your Answer
Bonuses

True/False
Question
Trade unions do affect rate of wages.
Correct Answer
True
Your Answer
False

Multiple Choice Single Answer
Question
In the 60's salaries of Bargainable workers increased due to :-
Correct Answer
Success of Union
Your Answer
Success of Union