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    MCQ Compensation Mgt. Sem Iii

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    Charu Lata
    This document contains a 25 question multiple choice quiz on compensation and reward management. The questions cover topics such as graduated time rates, profit sharing plans, budgets, minimum wage criteria, types of labor costs, motivational incentives, variance analysis in standard costing, wage classification systems, inter-firm wage differentials, industrialization's impact on family values, and controlling labor costs. The answer key is provided at the end.

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    MCQ Compensation Mgt. Sem Iii

    Uploaded by

    Charu Lata
    2K views7 pages
    This document contains a 25 question multiple choice quiz on compensation and reward management. The questions cover topics such as graduated time rates, profit sharing plans, budgets, minimum wage criteria, types of labor costs, motivational incentives, variance analysis in standard costing, wage classification systems, inter-firm wage differentials, industrialization's impact on family values, and controlling labor costs. The answer key is provided at the end.

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    COMPENSATION MGT. MCQ

    Original Title

    MCQ COMPENSATION MGT. SEM III - Copy

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    This document contains a 25 question multiple choice quiz on compensation and reward management. The questions cover topics such as graduated time rates, profit sharing plans, budgets, minimum wage criteria, types of labor costs, motivational incentives, variance analysis in standard costing, wage classification systems, inter-firm wage differentials, industrialization's impact on family values, and controlling labor costs. The answer key is provided at the end.

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    Flag for inappropriate content
    Download as docx, pdf, or txt
    2K views7 pages

    MCQ Compensation Mgt. Sem Iii

    Uploaded by

    Charu Lata
    This document contains a 25 question multiple choice quiz on compensation and reward management. The questions cover topics such as graduated time rates, profit sharing plans, budgets, minimum wage criteria, types of labor costs, motivational incentives, variance analysis in standard costing, wage classification systems, inter-firm wage differentials, industrialization's impact on family values, and controlling labor costs. The answer key is provided at the end.

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    of 7

    Sub.

    317 HRM : Compensation and Reward Management III 2 Credits IL

    MCQ

    1-In graduated time rates system, if basic salary is Rs.2000 and dearness allowance is 150%
    then total remuneration will be :-

    (A) Rs. 4,000/-

    (B) Rs. 5,000/-

    (C) Rs. 6,000/-

    (D) Rs. 7,000/-

    2-The Scanlon plan of profit sharing gives utmost importance to ________.

    (A) Employee participation

    (B) Employer’s participation

    (C) Both (A) and (B)

    (D) None of the above

    3-Financial &/or quantitative statement prepared & approved prior to period of time is
    called:-

    (A) Financial plan

    (B) Financial statement

    (C) Budget

    (D) Finance bill

    4-The ________ criterion is usually regarded as an automatic minimum equity pay


    criterion.

    (A) Value of minimum wage

    (B) Cost of living pay

    (C) Nominal value

    (D) None of the above


    5-Wages of security men in a production unit comes under:-

    (A) Indirect labour

    (B) Direct labour

    (C) Miscellaneous cost

    (D) None of the above

    6. -Persons interested in enhancing their reputations and receiving recognition may


    respond to ________.

    (A) Verbal praise

    (B) Treats

    (C) Awards

    (D) All of the above

    7-Characteristic of a good compensation system is:-

    (A) Higher the qualification of worker, higher is compensation

    (B) Higher the efficiency of worker, higher is compensation

    (C) Higher the rank of worker, higher is compensation

    (D) All of the above

    8-The institutions of marriage and family are also to be found in every:-

    (A) Society

    (B) State

    (C) Country

    (D) None of the above

    9-Hospitality industries includes:-

    (A) Hospitals

    (B) Hotels
    (C) Both (A) and (B)

    (D) Banks

    10-For higher management, ________ are influenced by the size of a company, specific
    industry and the process of decision making.

    (A) Bonuses

    (B) Promotions

    (C) Salaries

    (D) All of the above

    11-In Taylor differential piece rate system, high piece rate is applicable if ________

    A) Output is below standard

    (B) Output is up to standard

    (C) Output is above standard

    (D) Any of the above

    12-Leave pay of current year is treated as ________.

    (A) Indirect Expenses

    (B) Direct Expenses

    (C) Direct labour cost

    (D) Indirect labour cost

    13-Cost of time spent on conducting interviews & selecting a candidate is called


    __________ cost.

    (A) Replacement

    (B) Recruitment

    (C) Training

    (D) All of the above


    14-One worker is working under piece rate & time rate combination system of
    compensation. He has worked in a week of 06 days consisting of 48 hours. His hourly rate is
    Rs.2/- per piece. His output for the week is 40 units. What will be his earning?

    (A) Rs. 80/-

    (B) Rs. 88/-

    C) Rs.96/-

    (D) Rs. 100/-

    15-Monetary incentives imply:-

    (A) External motivation

    (B) Internal motivation

    (C) Both (A) and (B)

    (D) None of the above

    16-Variance analysis is done in case of:-

    (A) Marginal costing

    (B) Historical costing

    (C) Standard costing

    (D) Absorption costing

    17-If classification system is used, the jobs are already categorized into grade or:-

    (A) Scale

    (B) Division

    (C) Class

    (D) Any of the above

    18-Inter-firm differentials reflect ________ wage levels of workers.

    (A) Minimum
    (B) Relative

    (C) Maximum

    (D) None of the above

    19-Wage Policy is of great concern to:-

    (A) Labour Management

    (B) Government

    (C) Both (A) and (B)

    (D) Company Management

    20-________ of payment recognizes that individuals are concerned about the money paid to
    them and also the relationship of this amount to what others are paid.

    (A) Monetary approach

    B) Equity approach

    (C) Absorption approach

    (D) Any of the above

    21-During the research it was found that in certain cities prevailing wage rate are ________where as
    organizational ability to pay is more.

    (A) Very low

    (B) Low

    (C) Medium

    (D) High

    22-Gate time keeping helps for:-

    (A) Overtime payments

    (B) Payroll preparations

    (C) Allowances payments


    (D) All of the above

    23-Cost of employee welfare activities comes under ________ cost.

    (A) Prevention

    (B) Appraisal

    (C) Internal failure

    (D) External failure

    24-As industrialization taking place, the family values have:-

    (A) Changed

    (B) Lowered

    (C) Improved

    (D) None of the above

    25-Control of labour cost is essential in every organization to:-

    (A) Determine indirect labour cost

    (B) Determine of direct labour cost

    (C) Determine of direct material cost

    (D) Determine of indirect material cost

    Sub. Semester: 317 HRM : Compensation and Reward Management III 2 Credits UL

    MCQ 25 Marks Date : 27 OCT. 2020


    ANSWER KEY :

    1-(B), 2-(A), 3-(C), 4-(B), 5-(A), 6-(A), 7-(B), 8-(A), 9-(B), 10-(C)

    11-(C), 12-(B), 13-(A), 14-(C), 15-(A), 16-(C), 17-(C), 18-(B), 19-(C), 20-(B)

    21-(A), 22-(B), 23-(A), 24-(A), 25-(A)

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