Match The Following
Question
Correct Answer
Top managers
Non-financial benefits
Workers
Piece-rate
Salesmen
Commission
Managers
Bonus
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Question
Correct Answer
Institutions of marriages & family
Society
Past Marriages
Permanent
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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
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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.
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Question
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Elements of good Wage Plan
Two
Remuneration
Employees
Wage Differentials
Three categories
Mathematical tables
Calculations
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Question
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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
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Question
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Classification System
Class
Ranking System
Ranks
Wage and salary administration
Compensation
Remuneration paid
Wage
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Question
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Unskilled worker
Lower compensation
Good compensation system
Avoid exploitation
High demand & Low supply
High compensation
Equal work
Equal pay
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Question
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David Ricardo
1772 – 1823
Adam Smith
1723 – 1790
Karl Marx
1849 – 1883
Francis A Walker
1840 - 1897
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Question
Time' incentive plan
Correct Answer
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
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Question
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Attendance Register
Input to payroll process
Pay slips
Output of payroll process
Journal entry
Amounts of debit & credit
Wage disbursement
Actual payment of remuneration
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Question
Correct Answer
Piece Worker
Payment per unit of output
Casual Worker
Payment for total work
Out workers
Payment on monthly basis
Normal Worker
Skill comparison in time study
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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
To avoid exploitation of labour
To bring appropriate labour