SCDL – Compensation Management PGDBA (HR) IV Semester
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SCDL – Compensation Management PGDBA (HR) IV Semester Disclaimer This document contains a collection of online assignment questions intended solely for the use of the SCDL students. If you are not the intended recipient, please delete the document. This document may contain viruses. I have taken every reasonable precaution to minimize this risk, but not liable for any damage you may sustain as a result of any virus in this document. You should carry out your own virus checks. Please note that this document is susceptible to change and I shall not be liable for any improper, untimely or incomplete transmission. I have taken every reasonable precaution to make sure that the questions from other subjects do not creep in. If this happens without my knowledge, please ignore it and bring it to my notice so that I can rectify it at the earliest. I do not guarantee the occurrence of these questions in your FINAL EXAMINATIONS. Thank you for all the support. -- Santosh. K *********************************************************************************************************************************************** Multiple Answer Question Extent of employees turnover depends upon :Correct Answer Physical conditions within organisation , Type of industry , Male to female ratio True/False Question Performance standards & norms for incentive payments should be set up high for better results. Correct Answer False Multiple Choice Multiple Answer Question E.S.I. Act aims at providing for certain cash benefits to employees in case of :Correct Answer Sickness , Maternity , Medical True/False Question Employer's contribution to Superannuation Fund is taxable. Correct Answer False Multiple Choice Multiple Answer Question Forces that favour regional differences are :Correct Answer Low mobility , Lower skilled job , Sources of income True/False Question The goals and ideals of a traditional Indian family were spiritual and religious. Correct Answer True Multiple Choice Single Answer Question In graduated time rates system, if basic salary is Rs.2000 and dearness allowance is 150% then total remuneration will be :Correct Answer Rs.5000/Match The Following Collected by Santosh. K Page 1 of 29 SCDL – Compensation Management Question Correct Answer Top managers Non-financial benefits Workers Piece-rate Salesmen Commission Managers Bonus PGDBA (HR) IV Semester Select The Blank Question The scanlon plan of profit sharing gives utmost importance to ________. Correct Answer Employee participation True/False Question If workers do not understand relationship between performance and rewards, incentive plans cannot motivate workers. Correct Answer True Multiple Choice Single Answer Question Financial &/or quantitative statement prepared & approved prior to period of time is called :Correct Answer Budget Multiple Choice Multiple Answer Question Group incentive plans may not become successful due to :Correct Answer Unevenness of performance of different members of groups , Ill-feeling among group members , No recognition for individual performance True/False Question Bonus is component of deductions. Correct Answer False Select The Blank Question The ________ criterion is usually regarded as an automatic minimum equity pay criterion. Correct Answer Cost of living pay Multiple Choice Single Answer Question Wages of security men in a production unit comes under :Correct Answer Indirect labour Multiple Choice Multiple Answer Question Major features of production are :Correct Answer Labour , Land , Capital Collected by Santosh. K Page 2 of 29 SCDL – Compensation Management PGDBA (HR) IV Semester True/False Question The Scanlon plan of profit sharing is more effective where no of participants is more than 1000. Correct Answer False Multiple Choice Multiple Answer Question Incentive plans fail due to :Correct Answer Lack of required tools / training , Unfair standards , Fear of rate cut Multiple Choice Multiple Answer Question Objectives laid down by I.L.O. are :Correct Answer Abolish malpractices , Abuse in wage payment , Promote Trade Union Select The Blank Question Persons interested in enhancing their reputations and receiving recognition may respond to ________. Correct Answer Verbal praise Multiple Choice Multiple Answer Question Profit sharing, as an incentive plan, realizes these advantages :Correct Answer Higher profits , Increased efficiency , Climate for better employee relations Multiple Choice Single Answer Question Characteristic of a good compensation system is :Correct Answer Higher the efficiency of worker, higher is compensation. Multiple Choice Single Answer Question The institutions of marriage and family are also to be found in every :Correct Answer Society Multiple Choice Single Answer Question Hospitality industries includes :Correct Answer Hotels Multiple Choice Multiple Answer Question To make Scanlon plan successful, there should be :Correct Answer Stable product lines and costs , Strong commitment to plan , Healthy labour relations Select The Blank Question For higher management, ________ are influenced by the size of a company, specific industry and the process of decision making. Correct Answer Salaries True/False Question Indirect labour cost forms a part of overheads. Collected by Santosh. K Page 3 of 29 SCDL – Compensation Management Correct Answer PGDBA (HR) IV Semester True True/False Question Salary is still the only or chief motivator for IT employees. Correct Answer False Multiple Choice Single Answer Question Perquisites taxable in all cases include :Correct Answer Value of rent free accommodation provided by employer to his employee Multiple Choice Multiple Answer Question A good incentive scheme should have :Correct Answer Elasticity , Parity , Less operational costs Select The Blank Question In Taylor differential piece rate system, high piece rate is applicable if ________. Correct Answer Output is above standard Select The Blank Question Leave pay of current year is treated as ________. Correct Answer Direct Expenses Select The Blank Question Cost of time spent on conducting interviews & selecting a candidate for ________ is called Replacement cost. Correct Answer Replacement Multiple Choice Single Answer Question 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 ? Correct Answer Rs.96/Multiple Choice Multiple Answer Question Wage differentials are of following factors :Correct Answer Difference in labour efficiency , Social esteem , Occupation Multiple Choice Single Answer Question Monetary incentives imply :Correct Answer External motivation Multiple Choice Multiple Answer Question Documents useful for the purpose of wage analysis are :Correct Answer Wage sheets , Payroll , Accounting registers Multiple Choice Single Answer Collected by Santosh. K Page 4 of 29 SCDL – Compensation Management PGDBA (HR) IV Semester Question Variance analysis is done in case of :Correct Answer Standard costing Multiple Choice Single Answer Question If classification system is used, the jobs are already categorized into grade or :Correct Answer Class Select The Blank Question Inter-firm differentials reflect ________ wage levels of workers. Correct Answer Relative Multiple Choice Single Answer Question Wage Policy is of great concern to :Correct Answer Labour Management & Govt. Select The Blank Question ________ 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. Correct Answer Equity approach Match The Following Question Correct Answer Institutions of marriages & family Society Past Marriages Permanent True/False Question Incentive payments should be made at the end of fiscal year. Correct Answer False True/False Question Most companies as against earlier visible cost don't use the "Total Cost To The Company". Correct Answer False Select The Blank Question During the research it was found that in certain cities prevailing wage rate are ________where as organizational ability to pay is more. Correct Answer Very low Select The Blank Question In the history of Indian IT industry, the year 2001-2002 will be remembered as ________. Correct Answer Year of lay-offs Multiple Choice Multiple Answer Collected by Santosh. K Page 5 of 29 SCDL – Compensation Management PGDBA (HR) IV Semester Question In effective incentive plan, standards on which plan is based should be :Correct Answer Fair , Reasonable , Specific Match The Following Question Correct Answer Cost accounting Dept. Accumulation & classification all cost data Personnel Dept. Selection & training of employees. Payroll Dept. Maintain record of wage rate of each employee. Engineering Dept. Preparation of time & motion studies Multiple Choice Single Answer Question Gate time keeping helps for :Correct Answer Payroll preparations. True/False Question Incentive schemes should be installed right from beginning of production. Correct Answer False True/False Question In industrialization there is not always mass production. Correct Answer False Select The Blank Question Cost of employee welfare activities comes under ________ cost. Correct Answer Preventive Multiple Choice Multiple Answer Question Components of deductions in salary are :Correct Answer E.S.I. , Housing loan installment. Multiple Choice Single Answer Question As industrialization taking place, the family values have :Correct Answer Changed True/False Question Compensation policy does not need criteria for promotions. Correct Answer False Multiple Choice Multiple Answer Question Differential piece rate system is suitable where :Correct Answer Fixed costs are higher in proportion to veriable cost , It is possible to count production accurately , There are standardised methods of production Collected by Santosh. K Page 6 of 29 SCDL – Compensation Management PGDBA (HR) IV Semester Multiple Choice Single Answer Question Control of labour cost is essential in every organisation to :Correct Answer Determine indirect labour cost. Multiple Choice Multiple Answer Question In India, Group incentive plans face problems like :Correct Answer Numerous slabs in rate structure , High norms of standard work , Illiterate workforce True/False Question If the employee receives conveyance allowance, or, he is provided with a vehicle by employer, he is not eligible to get 'Standard deduction' from his salary. Correct Answer False Multiple Choice Single Answer Question Carpenters engaged in cutting of wood in a furniture making shop is an example of :Correct Answer Direct labour Multiple Choice Multiple Answer Question Employees cost to the company includes :Correct Answer Basic wages , Incentives Select The Blank Question Process of readjustment inevitable calls for changes in the ________ system and its practice. Correct Answer Human Resource Match The Following Question Correct Answer Idle time due to tea breaks Direct costs Basic Salary Gross Earning Professional Tax Deductions Overtime due to general pressure of work Indirect costs. Multiple Choice Multiple Answer Question Level II in junior managers comprises of :Correct Answer Engineers , Officers , Senior Engineers Select The Blank Question Gross Earnings - Deductions equals ________. Correct Answer Net Earnings Collected by Santosh. K Page 7 of 29 SCDL – Compensation Management PGDBA (HR) IV Semester Multiple Choice Single Answer Question When the cost of living increases, workmen and trade unions demanded to :Correct Answer Increase the wage Multiple Choice Single Answer Question It was commonly believed by Hindus that marriage was :Correct Answer Necessary 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 Select The Blank Question Factors not related to money can also serve as ________. Correct Answer Attention seekers Select The Blank Question Wage differentials have been classified into ________ categories. Correct Answer 3 Multiple Choice Multiple Answer Question Source documents for preparations of wages are :Correct Answer Daily time sheet , Weekly time sheet. , Attendance register. Select The Blank Question ________ is necessary to calculate Dearness Allowance in Payroll process. Correct Answer Cost of Living Index Multiple Choice Single Answer Question In profit-sharing plan, the proportion of profits to be distributed among the employees is determined :Correct Answer In advance True/False Question If the car is used for office duty, only the value of the use of motor car is taken as 'NIL'. Correct Answer True Multiple Choice Single Answer Question Long-term wage Incentive plans are useful, where :Correct Answer Jobs are inter-related Select The Blank Question Today there is strong competition for acquiring as much ________ as possible. Correct Answer Wealth Collected by Santosh. K Page 8 of 29 SCDL – Compensation Management PGDBA (HR) IV Semester True/False Question Accumulated leave pay is treated as Indirect expenses. Correct Answer True True/False Question House rent allowance paid to a employee residing in his own house is not exempt from tax. Correct Answer True Multiple Choice Multiple Answer Question Cost accounting department analyze payroll for the purpose of revealing :Correct Answer Normal and abnormal idle time , Direct & indirect labour , Variance from budgeted costs Multiple Choice Multiple Answer Question The approach of managerial / executive staff towards the perquisites has changed since last Correct Answer 10 years , 9 years , 8 years Select The Blank Question A person would readily respond to opportunities related to jobs if he has strong need for ________. Correct Answer Affiliation True/False Question Halsey Premium plan is a combination of the day wage & piece wage in modified form. Correct Answer True Multiple Choice Single Answer Question Production planning includes :Correct Answer Product engineering. True/False Question The management must concentrate on creating proper industrial relations climate before introducing incentive schemes. Correct Answer True Multiple Choice Single Answer Question Time booking on job helps for :Correct Answer Estimating labour cost. Select The Blank Question ________ is the unique code allotted to each & every employee in the organization. Correct Answer Employee No. Multiple Choice Multiple Answer Question Monetary incentive plans result in :- Collected by Santosh. K Page 9 of 29 SCDL – Compensation Management Correct Answer PGDBA (HR) IV Semester Greater output per man-hour , Lower unit cost , Higher wages Multiple Choice Single Answer Question First to lay down the guidelines for fixation of Minimum Wages was :Correct Answer Indian Labour Conference Multiple Choice Single Answer Question At germination stage, to attract and retain talent, dotcom companies offer : Correct Answer Stock option Select The Blank Question Payment is done on the basis of units of output, incase of ________ workers. Correct Answer Piece Multiple Choice Single Answer Question In Payroll process, Cost of Living Index provides the basis for calculating :Correct Answer D.A. Multiple Choice Multiple Answer Question Following are causes of idle time of labour pertaining to production, Correct Answer Failure of electricity. , Seasonal nature of demand. , Breakdown of machinery True/False Question Usually multinational companies ay higher than small scale industry. Correct Answer True Multiple Choice Single Answer Question When a dotcom company starts earning profits, promoters are focused on the launch of:Correct Answer IPO Multiple Choice Multiple Answer Question Salient features of profit-sharing are :Correct Answer Agreement is voluntary , Payment may be in cash / stock of future credits , Computation on the basis of some agreed formula Multiple Choice Multiple Answer Question Any imbalance in input-output relation in any incentive payment scheme can result in :Correct Answer Tension , Lower productivity , More absenteeism Multiple Choice Single Answer Question A worker produces 50 units a week of 06 days and piece rate is Rs.2/- per piece. Then his earning will be :Correct Answer Rs.100/Select The Blank Question ________ are also aid to executives a certain percentage of the profits. Collected by Santosh. K Page 10 of 29 SCDL – Compensation Management Correct Answer PGDBA (HR) IV Semester Bonuses True/False Question Education expenses on employee's family members paid or reimbursed by the employer are not taxable. Correct Answer False Multiple Choice Single Answer Question In post IPO stage, dotcom company gives its employees :Correct Answer Balanced total reward package Select The Blank Question Payment to out workers is done on ________ basis. Correct Answer Monthly Multiple Choice Multiple Answer Question Following are causes of idle time of labour pertaining to administration :Correct Answer Poor management , Management policy Multiple Choice Single Answer Question In recent times, in addition to stock options, employees of dotcom companies are demanding :Correct Answer Cash bonus Match The Following Question Correct Answer Elements of good Wage Plan Two Remuneration Employees Wage Differentials Three categories Mathematical tables Calculations Multiple Choice Multiple Answer Question Apart from salaries, IT employees are giving importance to :Correct Answer Company image , Job content , Job security 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 True/False Question The cost of time lost in setting a machine is treated as indirect cost. Correct Answer False Collected by Santosh. K Page 11 of 29 SCDL – Compensation Management PGDBA (HR) IV Semester Multiple Choice Multiple Answer Question The contemporary practice for enhancing organizational growth involves focuses on internal and external factors such as :Correct Answer Customer needs , Market trends , Costs Select The Blank Question Wage differentials have a great ________ and social significance. Correct Answer Economic Select The Blank Question ________ is a source document for preparation of wage sheet. Correct Answer Attendance Register Multiple Choice Single Answer Question In addition to the result of job analysis and wage survey several other variables have to be given due consideration in establishing :Correct Answer Wage structure Multiple Choice Single Answer Question Individuals from various level of the organisation have different :Correct Answer Life Style Select The Blank Question ________ are assured of a stable amount of money. Correct Answer Employees Select The Blank Question ________ provides benefits at the time of retirement/ death / following disability of worker. Correct Answer Deferred plan Multiple Choice Single Answer Question Demand for a particular skill is high and supply is low, compensation given is:Correct Answer High 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 Multiple Choice Multiple Answer Question Bonus, as the incentive to managers is determined :Correct Answer By formula , By discretion used in allocation of bonus Multiple Choice Single Answer Collected by Santosh. K Page 12 of 29 SCDL – Compensation Management PGDBA (HR) IV Semester Question In developmental phase, the dotcom companies concentrate on :Correct Answer Building brand Multiple Choice Multiple Answer Question Following are the forms of the cost of replacement :Correct Answer Cost of advertisement for recruitment , Cost of conducting interviews , Cost of interruption in production True/False Question Any other amenity or service excluded from the computation of wages by a general or special order of appropriate Govt. Correct Answer False Multiple Choice Single Answer Question Minimum wages are not to be fixed in an industry which employs less then how many employees in the entire state? Correct Answer 1000 Multiple Choice Single Answer Question Remuneration paid for the service of the labour in production is :Correct Answer Wage Multiple Choice Multiple Answer Question Profit sharing plans can be on :Correct Answer Industry basis , Locality basis , Unit basis Multiple Choice Multiple Answer Question Provident Funds can be of the following types :Correct Answer Statutory Provident Fund , Recognised Provident Fund , Public Provident Fund Multiple Choice Single Answer Question Following is not a function of personnel department :Correct Answer Time keeping. Multiple Choice Single Answer Question Dotcom companies were founded to go beyond :Correct Answer Physical business True/False Question If an employee pays fees for attending some management course, the fees can be allowed for deduction from salary income. Correct Answer False Multiple Choice Single Answer Question To enable employees to participate in profit sharing, employees should have :Correct Answer Worked for certain no. of years in company Collected by Santosh. K Page 13 of 29 SCDL – Compensation Management PGDBA (HR) IV Semester True/False Question The payment of profit sharing plan is of uncertain nature because of uncertainty of profits to the company. Correct Answer True True/False Question If the car is used for office duty, only the value of the use of motor car is taken as 'NIL'. Correct Answer True True/False Question Monitory payment often act as motivators and satisfiers interdependently of other job factors. Correct Answer True True/False Question If the employee receives conveyance allowance, or, he is provided with a vehicle by employer, he is not eligible to get 'Standard deduction' from his salary. Correct Answer False Multiple Choice Single Answer Question Better production planning & control is facilitated through :Correct Answer Job cards. Multiple Choice Single Answer Question Time spent by same worker on various jobs is recorded on daily basis in :Correct Answer Daily time sheet. Multiple Choice Multiple Answer Question Broad groups may be illustrated within manufacturing as :Correct Answer Managerial , Clerical , Factory Select The Blank Question Overtime payment given to the worker due to inefficiency of other department is charged to ________. Correct Answer Responsible Department Multiple Choice Multiple Answer Question Following are unavoidable causes of employees turnover :Correct Answer Retirement , Marriage Multiple Choice Multiple Answer Question More executives are compensated for various expenses incurred by, for taxation takes away a major portion of their salary, like :Correct Answer Medical care , Tax problem , Books Collected by Santosh. K Page 14 of 29 SCDL – Compensation Management PGDBA (HR) IV Semester True/False Question Direct labour costs are included in cost of production of each unit. Correct Answer True Select The Blank Question Organization's ability to pay, determines ________. Correct Answer Wage level Multiple Choice Multiple Answer Question In dotcom companies, there is :Correct Answer Direct interaction with customers and client organizations , Reduction of capital cost , Huge no of employees Multiple Choice Multiple Answer Question Jobs are graded according to the relative skill :Correct Answer Effort , Responsibility , Calculations Select The Blank Question Overtime payment given to the worker for completing work before scheduled date art the instruction of buyer is treated as ________ cost Correct Answer Direct Multiple Choice Single Answer Question Effectiveness of incentive system is ascertained with the help of :Correct Answer Efficiency report. Select The Blank Question Packing articles in plastic bags is an example of ________ system. Correct Answer Piece rate system True/False Question In piece rate & time rate combination system, the workers may feel over secured and do not try hard to increase production. Correct Answer True True/False Question Gradewise flat allowances are also being considered generally except where tax exemption benefit are still available. Correct Answer True Multiple Choice Single Answer Question Disadvantage of maintaining hand written register for attendance is :Correct Answer Depends upon honesty. Multiple Choice Single Answer Question Co-partnership system tries to :- Collected by Santosh. K Page 15 of 29 SCDL – Compensation Management Correct Answer PGDBA (HR) IV Semester Eliminate friction between capital and labour True/False Question In engineering and chemical industries, mostly we find group system of incentives. Correct Answer True Multiple Choice Multiple Answer Question Documents used for wage analysis are :Correct Answer Job cards , Wage sheets True/False Question Within the factory group promotion is important. Correct Answer False True/False Question Direct labour cost varies in proportion to output of production. Correct Answer False Select The Blank Question ________ generated out of payroll system shows amounts of debits and credits. Correct Answer Journal entry 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 Multiple Choice Multiple Answer Question Following are economic causes of idle time of labour :Correct Answer Trade cycles. , Non availability of working capital. Multiple Choice Multiple Answer Question Job analysis describes :Correct Answer Duties , Responsibilities , Working conditions Select The Blank Question Piece workers come under ________ class of workers. Correct Answer Semi – skilled Match The Following Question Correct Answer Human Relations Human attitudes Person working in MNC's Lavish life-style Collected by Santosh. K Page 16 of 29 SCDL – Compensation Management PGDBA (HR) IV Semester Marriage age of metropolitan boys & girls 25 to 35 Individuals Life-style Multiple Choice Single Answer Question Time spent by different workers on same job is recorded in :Correct Answer Job card. Multiple Choice Single Answer Question Group incentive plans are best suited for :Correct Answer Small work groups True/False Question Incentive schemes sometimes lead to jealousies and misunderstanding among the workers. Correct Answer True True/False Question Indirect labour cost are distributed on a basis of suitable proportion. Correct Answer True Select The Blank Question Overtime payment given to the worker due to general pressure of work is treated as ________ cost. Correct Answer Indirect Select The Blank Question Wages have at least ________ connotations from stand points of employers and employees. Correct Answer 2 Multiple Choice Single Answer Question Following is a method of attendance time recording method :Correct Answer Time recording clock. True/False Question Group incentive system is more widely prevalent in the Indian industry than the system of individual incentive. Correct Answer True Multiple Choice Single Answer Question Prevailing market rate is also known as :Correct Answer Comparable wage Multiple Choice Single Answer Question Travel & Tourism agencies is an example of :- Collected by Santosh. K Page 17 of 29 SCDL – Compensation Management Correct Answer PGDBA (HR) IV Semester Hospitality industries Multiple Choice Multiple Answer Question Major components of compensation :Correct Answer Salary , Basic salary , Consolidated salary Multiple Choice Single Answer Question The objective of evaluation & analysis of labour cost is :Correct Answer To control direct labour cost for increasing efficiency of worker. Multiple Choice Multiple Answer Question In profit-sharing plan, employees :Correct Answer Work more diligently ,Try to achieve higher profits ,Fulfill entirely their responsibilities Select The Blank Question ________ cost do not vary much in proportion to output or volume of production. Correct Answer Direct Multiple Choice Multiple Answer Question In following circumstances of overtimes, the cost is treated indirect costs :Correct Answer General pressure of work ,Inefficiency ,Uncontrollable reasons Select The Blank Question When cost of running a machine for one hour is relatively higher than the hourly wage rate, then ________ system of compensation is suitable. Correct Answer Gantt task plan Multiple Choice Multiple Answer Question Which of the following are used to compensate major executives? Correct Answer Straight salaries , Bonuses , Profit sharing True/False Question Time booking helps to ascertain direct and indirect labour costs. Correct Answer True Select The Blank Question From economic and ________ point of view woman was subject to man. Correct Answer Social Select The Blank Question ________ is financial / quantitative statement prepared & approved prior to a period of time. Correct Answer Budget Multiple Choice Multiple Answer Collected by Santosh. K Page 18 of 29 SCDL – Compensation Management PGDBA (HR) IV Semester Question Due to the paucity of relevant data on wage differentials, it is possible to analyze in India :Correct Answer Wage structure , Pay structure , Salary structure Multiple Choice Multiple Answer Question Through payroll system, Recovery statements like these can be generated :Correct Answer Recovery of ESI , Deductions of Profession Tax , LIC Premium recovered Multiple Choice Single Answer Question In piece rate and time rate combination system, if piece rate earning constantly fall below minimum guaranteed payment, labour cost :Correct Answer Increases Match The Following Question Correct Answer Post IPO stage of dotcoms More balanced total reward package Ideation stage of dotcoms Low cash compensation Developmental stage of dotcoms First real revenue flows IPO stage of dotcoms Compensation at market level Multiple Choice Single Answer Question In marginal costing costs are classified as:Correct Answer Fixed & Variable Multiple Choice Single Answer Question Employees Compensation System is vital for :Correct Answer Motivation True/False Question Equal remuneration Act, 1976 discriminates on the ground of sex against women in the matter of employment. Correct Answer False Select The Blank Question Standards of efficiency should be fixed by taking into consideration ________ worker & Normal working conditions. Correct Answer Normal Multiple Choice Multiple Answer Question Basic compensation systems are :Correct Answer Time rate system , Piece rate system Multiple Choice Single Answer Collected by Santosh. K Page 19 of 29 SCDL – Compensation Management PGDBA (HR) IV Semester Question Bonus or Commission and Leave travel are common features of :Correct Answer Annual Payment Select The Blank Question Executives are compensated for the various ________ incurred by them. Correct Answer Expenses Multiple Choice Multiple Answer Question Time rate system at ordinary level is suitable where :Correct Answer Quality of output is of great importance , Quantitative measurement of work is not possible , Production unit is small True/False Question Economic system does result in the concentration of wealth. Correct Answer False Select The Blank Question Ratio of number of persons over 4 years of service at present to present total employees is called ________ Correct Answer Skill dilution index Multiple Choice Single Answer Question Payment of wages Act, 1936 does not include :Correct Answer Sikkim Match The Following Question Correct Answer Classification System Class Ranking System Ranks Wage and salary administration Compensation Remuneration paid Wage Multiple Choice Multiple Answer Question The term salary does not include :Correct Answer Value of free use of motorcar ,DA ,Employer's contribution to Provident Fund 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 Multiple Choice Multiple Answer Collected by Santosh. K Page 20 of 29 SCDL – Compensation Management PGDBA (HR) IV Semester Question Various enactments that are applicable to employees of organization are :Correct Answer Payment of Gratuity Act ,Payment of Bonus Act ,Employee's Provident Fund & Misc. Provisions Act Multiple Choice Multiple Answer Question In Payroll process, a Journal entry is treated as Control entry to :Correct Answer Book deductions effected during the month ,Book expenses for the month on account of payroll ,Make remittances to respective authorities Multiple Choice Single Answer Question Rate of crime is very high in :Correct Answer Industrial towns , Industrial cities , Industrial districts Multiple Choice Multiple Answer Question Aspects which were considered while determining pay ranges are :Correct Answer Maintain adequate difference between supervisors & subordinates ,Attention must be given to handling upward changes in wage structure ,Regional difference in wages should not be invariably maintained Multiple Choice Single Answer Question Wage & salary administration refers to the establishment and implementation of sound policies and practices of employee :Correct Answer Compensation Select The Blank Question ________ is that portion of Dearness Allowance which Government declares to be paid for all purposes. Correct Answer Dearness Pay Multiple Choice Single Answer Question Some companies are paid on the higher side of the market in order to :Correct Answer Ensure an adequate supply of labour Select The Blank Question ________ cost do not vary much in proportion to output or volume of production. Correct Answer Direct Labour Multiple Choice Single Answer Question Indirect compensation mainly acts as :Correct Answer Maintenance factor True/False Question IT jobs still remain the best paying jobs in the country. Correct Answer True Multiple Choice Single Answer Collected by Santosh. K Page 21 of 29 SCDL – Compensation Management PGDBA (HR) IV Semester Question A job is rated to determine :Correct Answer Its value relative to other jobs in organization Match The Following Question Correct Answer Unskilled worker Lower compensation Good compensation system Avoid exploitation High demand & Low supply High compensation Equal work Equal pay Multiple Choice Single Answer Question In co-partnership Incentive system, there is division of :Correct Answer Surplus profit True/False Question If the rent paid by employee for his accommodation is equal to or more than the value of rent-free house, the value of the concession in rent is 'NIL'. Correct Answer True Multiple Choice Single Answer Question Important aspect while determining pay ranges is to make general adjustments in wage structure according to the :Correct Answer Price index number Select The Blank Question In material costing ________ Costs are written at to Marginal profit & loss A/c. Correct Answer Fixed Multiple Choice Single Answer Question Expenses incurred by business for packing & packaging, advertisement, sales promotion is called :Correct Answer Overheads Multiple Choice Multiple Answer Question Demerits of time rate system at ordinary level are :Correct Answer No distinction between efficient and inefficient workers at regards output , Increase the cost of production in case of low productivity Select The Blank Question Life and Medical insurance or reimbursement of medical bills is considered as a part of ________. Correct Answer Perks Collected by Santosh. K Page 22 of 29 SCDL – Compensation Management PGDBA (HR) IV Semester True/False Question Many companies have chosen some what shady reimbursement or perquisite in order to contain the overall cost in the assumption of being non taxable. Correct Answer True Multiple Choice Multiple Answer Question Compensation paid to worker should be directly proportional to his :Correct Answer Efficiency , Results , Skills Multiple Choice Single Answer Question In the 60's salaries of Bargainable workers increased due to :Correct Answer Success of Union Select The Blank Question There are many methods that an alive ________management can creatively develop for employees rendered redundant through little forethought. Correct Answer HRD Multiple Choice Single Answer Question Compensation Policies is an integrated part of :Correct Answer Economic Policies of Country Multiple Choice Single Answer Question In high profit making organisation compensation paid is relatively:Correct Answer Higher Match The Following Question Correct Answer David Ricardo 1772 – 1823 Adam Smith 1723 – 1790 Karl Marx 1849 – 1883 Francis A Walker 1840 - 1897 Match The Following Question Correct Answer Emerson efficiency plan Gradual increase in remuneration based on efficiency Co-partnership system Sharing profits undertaking Taylor's differential piece-rate plan No fear of wage cut Collected by Santosh. K Page 23 of 29 SCDL – Compensation Management PGDBA (HR) IV Semester Merric's multiple piece rate plan Low piece rate for slow workers and high piece rate for higher production Match The Following Question Correct Answer Time' incentive plan Delays in work are frequent Output' Incentive plan Units of output are measurable Commission' to salesmen Unsupervised nature of job Bonus to top management Overall corporate results 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 Match The Following Question Correct Answer Attendance Register Input to payroll process Pay slips Output of payroll process Journal entry Amounts of debit & credit Wage disbursement Actual payment of remuneration True/False Question Compensation given to an employee on termination or dismissal is considered as Salary Income. Correct Answer True Multiple Choice Single Answer Question Following is a labour cost control technique :Correct Answer Production planning Multiple Choice Multiple Answer Question Scanlon plan of profit sharing aims at :Correct Answer Workers participation , Reduction of cost of operation of increased production , Sharing in gains Select The Blank Collected by Santosh. K Page 24 of 29 SCDL – Compensation Management PGDBA (HR) IV Semester Question After deducting depreciation and initial or development rebate from profit, we arrive at ________. Correct Answer Surplus profit Multiple Choice Multiple Answer Question Time rate systems are :Correct Answer Ordinary level , High wage level , Graduated time rates Multiple Choice Single Answer Question If the ranking plan is used the grade consists of a specific number of :Correct Answer Ranks True/False Question Taylor differential piece rate system is suitable for large scale production. Correct Answer True True/False Question Provident fund is component of gross earnings. Correct Answer False Multiple Choice Single Answer Question Y2K era opened the flood gates for :Correct Answer IT. Industries Select The Blank Question The wages of workers not present at the time of payment disbursement should be entered into ________. Correct Answer Undisbursed wage register True/False Question Wage Policy is not of great concern to labour, management and Govt. Correct Answer False 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 Multiple Choice Single Answer Question A job is rated in order to determine its value relative to all the others jobs in organization which are subject to :Correct Answer Evaluation Multiple Choice Single Answer Question In traditional Indian society, marriages were considered to be :Correct Answer Permanent Collected by Santosh. K Page 25 of 29 SCDL – Compensation Management PGDBA (HR) IV Semester Select The Blank Question In merrick's differential piece rate system, if output percentage is up to ________ percentage of standard, then earning will be at normal piece rate. Correct Answer 0.83 Multiple Choice Single Answer Question Wage Policy in general is :Correct Answer To rise living standard of worker 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 True/False Question The cost of living pay criterion is usually regarded as an automatic minimum equity pay criterion Correct Answer True Multiple Choice Single Answer Question Profession Tax is deducted as per the enactment by :Correct Answer State Govt. True/False Question Taylor differential piece rate system is difficult to understand and implement. Correct Answer False Multiple Choice Single Answer Question Standard cost is a :Correct Answer Predetermined cost Select The Blank Question In Taylor differential piece rate system, high piece rate is applicable if ________. Correct Answer Output is above standard Multiple Choice Multiple Answer Question For adequate and effective internal check on disbursement of wages, these factors are important :Correct Answer Proper time recording , Proper record of output by workers , Well-defined terms of remuneration and incentive schemes Match The Following Question Piece Worker Correct Answer Payment per unit of output Collected by Santosh. K Page 26 of 29 SCDL – Compensation Management Casual Worker Payment for total work Out workers Payment on monthly basis Normal Worker Skill comparison in time study PGDBA (HR) IV Semester Multiple Choice Single Answer Question The wage structure or grade is comprised of jobs of appropriately equal difficulty or importance as determined by :Correct Answer Job evaluation True/False Question Wage and salary administration should be controlled by some proper agency. Correct Answer True True/False Question Rate of change in the working force of an organisation during a period of time is known as employee turnover. Correct Answer True Multiple Choice Single Answer Question The incentive plan designed for the group based on group's performance is called :Correct Answer Long-term wage incentive plan True/False Question Contribution to the Provident Funds are made at certain rate or certain percentage of salary of employee, only by the Employer. Correct Answer False True/False Question The cost of time lost in strikes is charged to Profit & Loss Account. Correct Answer True Multiple Choice Single Answer Question Person working in MNC's occupying higher positions devote most of their time for their :Correct Answer Employment & job True/False Question The principle of determining minimum wages were evolved by the Govt. and have been incorporated in the Minimum Wages Act, 1948. Correct Answer True Multiple Choice Single Answer Question Job evaluation is the output provided by :Correct Answer Job Analysis Collected by Santosh. K Page 27 of 29 SCDL – Compensation Management PGDBA (HR) IV Semester Multiple Choice Single Answer Question Job cluster is defined as the stable group of :Correct Answer Job Classification True/False Question Any contribution to pension, provident fund or a scheme of social security etc. amounts to wages. Correct Answer False Multiple Choice Single Answer Question Employees in the railways are entitled of payment of wages Act, 1936 who are drawing wages and salaries below :Correct Answer Rs. 1600/- a month 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 Multiple Choice Single Answer Question Work study department is engaged in activities like determining :Correct Answer Standard procedure Multiple Choice Single Answer Question If the point method of job evaluation is used the pay grade consists of jobs falling within the range of :Correct Answer Points Questions to be answered: (Please get back to me if you get the correct answers for these) Select The Blank Question Combination plan/ Cash plan/Retirement benefits/ Deferred plan under profit sharing contributes directly to an employee's immediate economic gain. Match The Following Question Correct Answer Child Exploitation Article 39 Wage Policy Increase economic welfare Article 43 Emphasizes need for legislation I. L. O. To bring appropriate payment systems Collected by Santosh. K Page 28 of 29 SCDL – Compensation Management PGDBA (HR) IV Semester To avoid exploitation of labour To bring appropriate labour Choose Any One. If the point method of job evaluation is used the pay grade consists of jobs falling within the range of :Areas Duties Points Departments Choose all that Apply. In Compensation plans the following are taken into account :Cost of production Reduction in expenses Profits made Losses incurred Choose all that Apply. In Compensation plans the following are taken into account :Cost of production Reduction in expenses Profits made Losses incurred Contribution to the P.F. have to be remitted along with the challan for Account No.:2 21 10 12 The aim of a wage & salary policy is :To recognize the value of each job Provide stability in earning Allow individual to reach partial earning potential Increase employee turnover Against the past practice of modest gradual increase applicable to all, with only marginal additional to the Average/ Some what ok/ Bad/ Good performer. Collected by Santosh. K Page 29 of 29