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 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/Select The Blank Question The scanlon plan of profit sharing gives utmost importance to ________. Correct Answer Employee participation Multiple Choice Single Answer Question Financial &/or quantitative statement prepared & approved prior to period of time is called :Correct Answer Budget 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 Select The Blank Question Persons interested in enhancing their reputations and receiving recognition may respond to ________. Correct Answer Verbal praise Multiple Choice Single Answer Question Characteristic of a good compensation system is :Correct Answer Higher the efficiency of worker, higher is compensation. Collected by Santosh. K Page 1 of 16 SCDL – Compensation Management PGDBA (HR) IV Semester 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 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 Multiple Choice Single Answer Question Perquisites taxable in all cases include :Correct Answer Value of rent free accommodation provided by employer to his employee 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 Single Answer Question Monetary incentives imply :Correct Answer External motivation Multiple Choice Single Answer Question Variance analysis is done in case of :Correct Answer Standard costing Multiple Choice Single Answer Collected by Santosh. K Page 2 of 16 SCDL – Compensation Management PGDBA (HR) IV Semester 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 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 Single Answer Question Gate time keeping helps for :Correct Answer Payroll preparations. Select The Blank Question Cost of employee welfare activities comes under ________ cost. Correct Answer Preventive Multiple Choice Single Answer Question As industrialization taking place, the family values have :Correct Answer Changed Multiple Choice Single Answer Question Control of labour cost is essential in every organisation to :Correct Answer Determine indirect labour cost. Multiple Choice Single Answer Collected by Santosh. K Page 3 of 16 SCDL – Compensation Management PGDBA (HR) IV Semester Question Carpenters engaged in cutting of wood in a furniture making shop is an example of :Correct Answer Direct labour Select The Blank Question Process of readjustment inevitable calls for changes in the ________ system and its practice. Correct Answer Human Resource Select The Blank Question Gross Earnings - Deductions equals ________. Correct Answer Net Earnings 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 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 Collected by Santosh. K Page 4 of 16 SCDL – Compensation Management PGDBA (HR) IV Semester 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 Select The Blank Question A person would readily respond to opportunities related to jobs if he has strong need for ________. Correct Answer Affiliation Multiple Choice Single Answer Question Production planning includes :Correct Answer Product engineering. 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 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 Single Answer Question When a dotcom company starts earning profits, promoters are focused on the launch of:- Collected by Santosh. K Page 5 of 16 SCDL – Compensation Management Correct Answer PGDBA (HR) IV Semester IPO 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. Correct Answer Bonuses 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 Single Answer Question In recent times, in addition to stock options, employees of dotcom companies are demanding :Correct Answer Cash bonus 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 Collected by Santosh. K Page 6 of 16 SCDL – Compensation Management PGDBA (HR) IV Semester 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 Single Answer Question In developmental phase, the dotcom companies concentrate on :Correct Answer Building brand 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 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 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 7 of 16 SCDL – Compensation Management PGDBA (HR) IV Semester 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. Select The Blank Question Overtime payment given to the worker due to inefficiency of other department is charged to ________. Correct Answer Responsible Department Select The Blank Question Organization's ability to pay, determines ________. Correct Answer Wage level 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 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 :Correct Answer Eliminate friction between capital and labour 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 Collected by Santosh. K Page 8 of 16 SCDL – Compensation Management PGDBA (HR) IV Semester 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 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 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. 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 :Correct Answer Hospitality industries Multiple Choice Single Answer Collected by Santosh. K Page 9 of 16 SCDL – Compensation Management PGDBA (HR) IV Semester Question The objective of evaluation & analysis of labour cost is :Correct Answer To control direct labour cost for increasing efficiency of worker. 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 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 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 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 Select The Blank Question Standards of efficiency should be fixed by taking into consideration ________ worker & Normal working conditions. Correct Answer Normal Multiple Choice Single Answer Question Bonus or Commission and Leave travel are common features of :Correct Answer Annual Payment Collected by Santosh. K Page 10 of 16 SCDL – Compensation Management PGDBA (HR) IV Semester Select The Blank Question Executives are compensated for the various ________ incurred by them. Correct Answer Expenses 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 Multiple Choice Single Answer Question Rate of crime is very high in :Correct Answer Industrial towns , Industrial cities , Industrial districts 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 Multiple Choice Single Answer Question A job is rated to determine :Correct Answer Its value relative to other jobs in organization Multiple Choice Single Answer Question In co-partnership Incentive system, there is division of :- Collected by Santosh. K Page 11 of 16 SCDL – Compensation Management PGDBA (HR) IV Semester Correct Answer Surplus profit 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 Select The Blank Question Life and Medical insurance or reimbursement of medical bills is considered as a part of ________. Correct Answer Perks 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 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 12 of 16 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 Multiple Choice Single Answer Question Following is a labour cost control technique :Correct Answer Production planning Select The Blank Question After deducting depreciation and initial or development rebate from profit, we arrive at ________. Correct Answer Surplus profit Multiple Choice Single Answer Question If the ranking plan is used the grade consists of a specific number of :Correct Answer Ranks 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 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 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 Collected by Santosh. K Page 13 of 16 SCDL – Compensation Management PGDBA (HR) IV Semester Question Wage Policy in general is :Correct Answer To rise living standard of worker Multiple Choice Single Answer Question Profession Tax is deducted as per the enactment by :Correct Answer State Govt. 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 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 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 Multiple Choice Single Answer Question Person working in MNC's occupying higher positions devote most of their time for their :Correct Answer Employment & job Multiple Choice Single Answer Question Job evaluation is the output provided by :Correct Answer Job Analysis Multiple Choice Single Answer Question Job cluster is defined as the stable group of :Correct Answer Job Classification 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 Single Answer Question Work study department is engaged in activities like determining :Correct Answer Standard procedure Collected by Santosh. K Page 14 of 16 SCDL – Compensation Management PGDBA (HR) IV Semester 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. 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 Collected by Santosh. K Page 15 of 16 SCDL – Compensation Management PGDBA (HR) IV Semester 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 16 of 16