Multiple Choice Multiple Answer
Question
Extent of employees turnover depends upon :Correct Answer Physical conditions within organisation , Type of industry , Male to
female ratio
Your Answer
Type of industry , Physical conditions within organisation ,
Educational levels of employees
True/False
Question
Performance standards & norms for incentive payments should be
set up high for better results.
Correct Answer False
Your Answer
True
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
Your Answer
Sickness , Maternity , Medical , Child Education
True/False
Question
Employer's contribution to Superannuation Fund is taxable.
Correct Answer False
Your Answer
True
Multiple Choice Multiple Answer
Question
Forces that favour regional differences are :Correct Answer Low mobility , Lower skilled job , Sources of income
Your Answer
Low mobility , Lower skilled job , Sources of income , Compensation
structure
True/False
Question
The goals and ideals of a traditional Indian family were spiritual and
religious.
Correct Answer True
Your 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/-
Your Answer
Rs.3000/-
Match The Following
Question
Correct Answer
Your Answer
Top managers
Non-financial benefits
Compensatory day-off
Workers
Piece-rate
Piece-rate
Salesmen
Commission
Bonus
Managers
Bonus
Overtime
Select The Blank
Question
The scanlon plan of profit sharing gives utmost importance to
________.
Correct Answer Employee participation
Your Answer
Employee participation
True/False
Question
If workers do not understand relationship between performance and
rewards, incentive plans cannot motivate workers.
Correct Answer True
Your Answer
True
Multiple Choice Single Answer
Question
Financial &/or quantitative statement prepared & approved prior to
period of time is called :Correct Answer Budget
Your 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 , Illfeeling among group members , No recognition for individual
performance
Your Answer
Unevenness of performance of different members of groups , Illfeeling among group members , No recognition for individual
performance
True/False
Question
Bonus is component of deductions.
Correct Answer False
Your Answer
False
Select The Blank
Question
The ________ criterion is usually regarded as an automatic minimum
equity pay criterion.
Correct Answer Cost of living pay
Your Answer
Prevailing market rate
Multiple Choice Single Answer
Question
Wages of security men in a production unit comes under :Correct Answer Indirect labour
Your Answer
Direct labour
Multiple Choice Multiple Answer
Question
Major features of production are :Correct Answer Labour , Land , Capital
Your Answer
Labour , Land , Capital , Machines
True/False
Question
The Scanlon plan of profit sharing is more effective where no of
participants is more than 1000.
Correct Answer False
Your 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
Your Answer
Unfair standards , Fear of rate cut , Lack of support of top
management
Multiple Choice Multiple Answer
Question
Objectives laid down by I.L.O. are :Correct Answer Abolish malpractices , Abuse in wage payment , Promote Trade
Union
Your Answer
Abolish malpractices , Abuse in wage payment , Increase economic
welfare
Select The Blank
Question
Persons interested in enhancing their reputations and receiving
recognition may respond to ________.
Correct Answer Verbal praise
Your 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
Your 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.
Your 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
Your Answer
Society
Multiple Choice Single Answer
Question
Hospitality industries includes :Correct Answer Hotels
Your 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
Your Answer
Stable product lines and costs , Strong commitment to plan , Healthy
labour relations , Large no of participants
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
Your Answer
Incentives
True/False
Question
Indirect labour cost forms a part of overheads.
Correct Answer True
Your Answer
True
True/False
Question
Salary is still the only or chief motivator for IT employees.
Correct Answer False
Your Answer
True
Multiple Choice Single Answer
Question
Perquisites taxable in all cases include :Correct Answer Value of rent free accommodation provided by employer to his
employee
Your Answer
Medical reimbursement
Multiple Choice Multiple Answer
Question
A good incentive scheme should have :Correct Answer Elasticity , Parity , Less operational costs
Your Answer
Elasticity , Parity , Less operational costs , High performance
standards
Select The Blank
Question
In Taylor differential piece rate system, high piece rate is applicable if
________.
Correct Answer Output is above standard
Your Answer
Output is above standard
Select The Blank
Question
Leave pay of current year is treated as ________.
Correct Answer Direct Expenses
Your Answer
Direct cost
Select The Blank
Question
Cost of time spent on conducting interviews & selecting a candidate
for ________ is called Replacement cost.
Correct Answer Replacement
Your 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/Your Answer
Rs.96/-
Multiple Choice Multiple Answer
Question
Wage differentials are of following factors :Correct Answer Difference in labour efficiency , Social esteem , Occupation
Your Answer
Difference in labour efficiency , Occupation
Multiple Choice Single Answer
Question
Monetary incentives imply :Correct Answer External motivation
Your Answer
Internal motivation
Multiple Choice Multiple Answer
Question
Documents useful for the purpose of wage analysis are :Correct Answer Wage sheets , Payroll , Accounting registers
Your Answer
Wage sheets , Payroll , Accounting registers , Historical records of
employees
Multiple Choice Single Answer
Question
Variance analysis is done in case of :Correct Answer Standard costing
Your Answer
Budgetary costing
Multiple Choice Single Answer
Question
If classification system is used, the jobs are already categorized into
grade or :-
Correct Answer Class
Your Answer
Departments
Select The Blank
Question
Inter-firm differentials reflect ________ wage levels of workers.
Correct Answer Relative
Your Answer
Relative
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
________ 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
Your Answer
Employee-centered approach
Match The Following
Question
Correct Answer
Your Answer
Institutions of marriages &
family
Society
Metros
Past Marriages
Permanent
Society
True/False
Question
Incentive payments should be made at the end of fiscal year.
Correct Answer False
Your Answer
False
True/False
Question
Most companies as against earlier visible cost don't use the "Total
Cost To The Company".
Correct Answer False
Your 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
Your 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
Your Answer
Year of lay-offs