Human Resource Management COMPENSATION ADMINISTRATION MCQs Total Questions : 211 Page 1 of 22 pages Question 1. In employees' pension plan, a portion of employees' earnings contribution into the fund is classified as cash balance plans early retirement window deferred profit sharing plan savings and thrift plan See Solution Discuss Question Answer is Option D. -> savings and thrift planAnswer: (d).savings and thrift plan Question 2. A plan to accommodate employees' preferences of planning for benefit, classified as cafeteria benefit plans fixed benefit plans flexible benefit plans both a and c See Solution Discuss Question Answer is Option C. -> flexible benefit plansAnswer: (c).flexible benefit plans Question 3. The kind of pension plan in which employer's contribution is specified in employee's retirement savings funds is classified as defined benefit pension plan defined contribution pension plan defined noncontributory pension plan deferred contribution pension plan See Solution Discuss Question Answer is Option B. -> defined contribution pension planAnswer: (b).defined contribution pension plan Question 4. A pension plan, an employer's acknowledgement of financial standing of employee's account, placing percentage on the basis of annual compensation and interest, regarded as cash balance plan severance pay plan early retirement window plan employee stock ownership plan See Solution Discuss Question Answer is Option A. -> cash balance planAnswer: (a).cash balance plan Question 5. The pension plan, in which specific amount of profit is transferred to employees account, that are payable at the time of retirement or death is classified as deferred profit sharing plan savings and thrift plan cash balance plans early retirement window See Solution Discuss Question Answer is Option A. -> deferred profit sharing planAnswer: (a).deferred profit sharing plan Question 6. The increments based on performance is a basis of direct financial payments non direct financial payments direct compensation bonuses See Solution Discuss Question Answer is Option A. -> direct financial paymentsAnswer: (a).direct financial payments Question 7. The person's fixed pay and guaranteed bonus is included in base pay short-term incentives executive benefits long-term incentives See Solution Discuss Question Answer is Option A. -> base payAnswer: (a).base pay Question 8. The compensation for top executive job is largely based on job complexity employer's ability to pay executive's human capital all of above See Solution Discuss Question Answer is Option D. -> all of aboveAnswer: (d).all of above Question 9. An 'Equity theory of Motivation' does not include internal equity external equity collective equity individual equity See Solution Discuss Question Answer is Option C. -> collective equityAnswer: (c).collective equity Question 10. In which incentive the executives are given right to purchase stocks for specific period? long-term incentives short-term incentives pay scale ranking jobs See Solution Discuss Question Answer is Option A. -> long-term incentivesAnswer: (a).long-term incentives 1234567...2122Next → Share on Facebook! Share on Pinterest!