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Exam Question
Compensation is one of the organization’s largest expenditures. Compensation philosophies and systems vary from one organization to the next. Why is that?
- 1. There is no “one right way” to compensate employees. Many systems will work equally well in any organization
- 2. Different organizations have different organizational objectives and strategies
- 3. Legal requirements mandate different types of compensation systems depending on the organization’s industry
- 4. Organizations depend heavily on consultants to design their compensation systems, and each consulting firm has its own system
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Compensation Management question set and give online exam quiz test for Compensation Management, so you can check your knowledge. You can get MCQ Study and Exam link from home page.
Exam Question
Stock option and performance shares are examples of
- 1. base salary
- 2. short-term incentive plan
- 3. long-term incentive plan
- 4. All of the above
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Compensation Management question set and give online exam quiz test for Compensation Management, so you can check your knowledge. You can get MCQ Study and Exam link from home page.
Exam Question
The remuneration system needs to meet the following type(s) of equity
- 1. Internal
- 2. External
- 3. Individual
- 4. All of the above
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Compensation Management question set and give online exam quiz test for Compensation Management, so you can check your knowledge. You can get MCQ Study and Exam link from home page.
Exam Question
At Artistic Floral Creations, the non-managerial employees all receive the same pay increase every year. Usually this increase is about 5%, but some years it has been as high as 10% depending on changes in the cost-of-living. Artistic Floral Creations has a/an…philosophy of compensation.
- 1. performance
- 2. entitlement
- 3. quartile-based
- 4. total rewards
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Compensation Management question set and give online exam quiz test for Compensation Management, so you can check your knowledge. You can get MCQ Study and Exam link from home page.
Exam Question
A fair day work for fair day pay’ denotes a sense of…felt by employees
- 1. Responsibility
- 2. Equity
- 3. Happines
- 4. Respect
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Compensation Management question set and give online exam quiz test for Compensation Management, so you can check your knowledge. You can get MCQ Study and Exam link from home page.
Exam Question
The two basic compensation philosophies, which should be seen as opposite ends of a continuum, are the…and the…orientations.
- 1. competency, productivity
- 2. exempt; non-exempt
- 3. entitlement; performance
- 4. market-driven, equity-driven
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Compensation Management question set and give online exam quiz test for Compensation Management, so you can check your knowledge. You can get MCQ Study and Exam link from home page.
Exam Question
When there are several pay grades in a pay structure, it is called
- 1. traditional pay structure
- 2. broad-graded structure
- 3. job family structure
- 4. None of the above
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Compensation Management question set and give online exam quiz test for Compensation Management, so you can check your knowledge. You can get MCQ Study and Exam link from home page.
Exam Question
Which of the following factor influence(s) employee compensation?
- 1. Labour market
- 2. Cost of living
- 3. labour unions
- 4. All of the above
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Compensation Management question set and give online exam quiz test for Compensation Management, so you can check your knowledge. You can get MCQ Study and Exam link from home page.
Exam Question
A behaviour which has rewarding experience is likely to be repeated’ is postulated by
- 1. Reinforcement and expectancy theory
- 2. Equity theory
- 3. Agency theory
- 4. None of the above
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Compensation Management question set and give online exam quiz test for Compensation Management, so you can check your knowledge. You can get MCQ Study and Exam link from home page.
Exam Question
A company that structures its compensation system so that half of its competitors pay their employees more than it does and half of its competitors pay less than it does is using a…the market strategy.
- 1. lag
- 2. meet
- 3. lead
- 4. follow
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Compensation Management question set and give online exam quiz test for Compensation Management, so you can check your knowledge. You can get MCQ Study and Exam link from home page.
Exam Question
Skill-based pay is a person-based and not a job-based
- 1. Job education
- 2. Skill based pay
- 3. Induction
- 4. Pay Per Performance
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Compensation Management question set and give online exam quiz test for Compensation Management, so you can check your knowledge. You can get MCQ Study and Exam link from home page.
Exam Question
The following is a perquisites.
- 1. Club membership
- 2. Provident fund
- 3. Medical allowance
- 4. Group insurance
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Compensation Management question set and give online exam quiz test for Compensation Management, so you can check your knowledge. You can get MCQ Study and Exam link from home page.
Exam Question
A wage is a basic compensation for labor and for Labor per period of time referred to as the wage rate.
- 1. Wage
- 2. Salary
- 3. Both
- 4. None
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Compensation Management question set and give online exam quiz test for Compensation Management, so you can check your knowledge. You can get MCQ Study and Exam link from home page.
Exam Question
The term ‘wages’ has emerged from a French Word…meaning to pledge or promise
- 1. Waiger
- 2. gaiger
- 3. both of above
- 4. paiger
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Compensation Management question set and give online exam quiz test for Compensation Management, so you can check your knowledge. You can get MCQ Study and Exam link from home page.
Exam Question
A…must be fixed considering the general economic conditions of the country.
- 1. Minimum wages
- 2. Fair Wage
- 3. Living Wage
- 4. All of the above
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Compensation Management question set and give online exam quiz test for Compensation Management, so you can check your knowledge. You can get MCQ Study and Exam link from home page.
Exam Question
The following is paid only at the time of employees exit after serving more than five years
- 1. Perquisites
- 2. Claims
- 3. Gratuity
- 4. Allowances
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Compensation Management question set and give online exam quiz test for Compensation Management, so you can check your knowledge. You can get MCQ Study and Exam link from home page.
Exam Question
…is a reward for long and meritorious service.
- 1) Gratuity
- 2) Fringe Benefits
- 3) Retirement benefits
- 4) Provident Fund
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Compensation Management question set and give online exam quiz test for Compensation Management, so you can check your knowledge. You can get MCQ Study and Exam link from home page.
Exam Question
Jack and Jerry are twins. Both started working at competing firms in the same industry. Jack and Jerry were given exactly the same starting salary. They have been with their companies for ten years, and both have identical positions and identical performance ratings. Both Jack and Jerry are consistently average performers. Jack works at a company with an entitlement compensation philosophy. Jerry works at a company with a pay-for-performance compensation philosophy. The two companies are identical in revenue and profitability. They allocate the same budget amount for employee raises each year. All other factors remaining equal, which of the following statements is most likely to be true?
- 1. Jerry will have a higher salary than Jack
- 2. Jack will have a higher salary than Jerry
- 3. Jerry and Jack will have identical salaries
- 4. Jerry and Jack will have identical levels of pay satisfaction
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Compensation Management question set and give online exam quiz test for Compensation Management, so you can check your knowledge. You can get MCQ Study and Exam link from home page.
Exam Question
What introduces more rigor by comparing jobs in pairs, but really it’s a more structured way of building a basic rank order?
- 1. Job Ranking
- 2. Pair Comparison
- 3. Benchmarking
- 4. Job Matching
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Compensation Management question set and give online exam quiz test for Compensation Management, so you can check your knowledge. You can get MCQ Study and Exam link from home page.
Exam Question
…allows employees to pick benefits that most their needs.
- 1. Fringe benefits
- 2. Wages
- 3. Flexible benefits
- 4. Allowances
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Compensation Management question set and give online exam quiz test for Compensation Management, so you can check your knowledge. You can get MCQ Study and Exam link from home page.
Important note for exam preparation: Must try Online MCQ Quiz Test after practice these Compensation Management MCQ, so you can check your knowledge and improve efficiency. You can get link from above mention for these subjects.