Lakshya Education MCQs

Question: The factors which are to be considered while developing a good wage incentive plan will include
A.Adequate incentive
B.Ease of administration
C.Guaranteed basic pay
D.All of these
Answer: Option D

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More Questions on This Topic :

Question 1. In the Halsey system of wage incentive plan, a worker is
  1.    Paid as per efficiency
  2.    Ensured of minimum wages
  3.    Not paid any bonus till his efficiency
  4.    Never a loser
Answer: Option B
Question 2. If ‘F’ is the fixed cost, ‘V’ is the variable cost per unit (or total variable costs) and ‘P’ is the selling price of each unit (or total sales value), then break-even point is equal to
  1.    (F × V)/P
  2.    (F × P)/V
  3.    F/[1 + (V/P)]
  4.    F/[1 - (V/P)]
Answer: Option D
Question 3. Under the Apprenticeship Act
  1.    All industries have to necessarily train the apprentices
  2.    Industries have to train apprentices according to their requirement
  3.    All industries employing more than 100 workers have to recruit apprentices
  4.    Only industries employing more than 500 workers have to recruit apprentices
Answer: Option D
Question 4. PERT stands for
  1.    Program Estimation and Reporting Technique
  2.    Process Estimation and Review Technique
  3.    Program Evaluation and Review Technique
  4.    Planning Estimation and Resulting Technique
Answer: Option C
Question 5. PERT requires
  1.    Single time estimate
  2.    Double time estimate
  3.    Triple time estimate
  4.    None of these
Answer: Option C
Question 6. PERT is the
  1.    Time oriented technique
  2.    Event oriented technique
  3.    Activity oriented technique
  4.    Target oriented technique
Answer: Option B

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