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MCQs

Total Questions : 211 | Page 11 of 22 pages
Question 101. The process of establishing the pay rates includes an ensuring is called
  1.    internal equity
  2.    external equity
  3.    procedural equity
  4.    all of above
 Discuss Question
Answer: Option D. -> all of above
Answer: (d).all of above
Question 102. An employee's salary paid for his skills and knowledge is called
  1.    competency based pay
  2.    time based pay
  3.    internship based salary
  4.    training based pay
 Discuss Question
Answer: Option A. -> competency based pay
Answer: (a).competency based pay
Question 103. A company manage, reviews employees performance and matches with the set standards are called
  1.    focal reviews
  2.    unvocal reviews
  3.    vocal reviews
  4.    local reviews
 Discuss Question
Answer: Option A. -> focal reviews
Answer: (a).focal reviews
Question 104. The workers with the manual jobs are mostly paid as
  1.    pay plan based on knowledge
  2.    pay plan based on skills
  3.    pay plan based on tenure
  4.    pay plan based on performance
 Discuss Question
Answer: Option B. -> pay plan based on skills
Answer: (b).pay plan based on skills
Question 105. An 'Equal Pay Act' emphasizes compensable factors are such as
  1.    skills
  2.    efforts and responsibility
  3.    working conditions
  4.    all of above
 Discuss Question
Answer: Option D. -> all of above
Answer: (d).all of above
Question 106. The Blue collar workers often get paid on
  1.    time based pay
  2.    performance based pay
  3.    extra bonuses
  4.    discount on fares
 Discuss Question
Answer: Option A. -> time based pay
Answer: (a).time based pay
Question 107. A pay grade is comprised of
  1.    jobs of equal difficulty
  2.    jobs of equal pay
  3.    jobs of equal incentives
  4.    jobs of equal skills
 Discuss Question
Answer: Option A. -> jobs of equal difficulty
Answer: (a).jobs of equal difficulty
Question 108. The concept in which the whole or part of yearly pay increase is paid as single payment, is called
  1.    consumer price index adjustment
  2.    lump sum increase
  3.    cost of living adjustment
  4.    all of the above
 Discuss Question
Answer: Option D. -> all of the above
Answer: (d).all of the above
Question 109. The 'compensation quartile strategy' in which 75% of employers pay below than market and remaining 25% pay compensations higher than market is called
  1.    forth quartile strategy
  2.    third quartile strategy
  3.    second quartile strategy
  4.    first quartile strategy
 Discuss Question
Answer: Option B. -> third quartile strategy
Answer: (b).third quartile strategy
Question 110. If a person finds imbalance between his services and paid salary,
  1.    tension is created
  2.    person is more motivated
  3.    person is less motivated
  4.    person is never motivated
 Discuss Question
Answer: Option A. -> tension is created
Answer: (a).tension is created

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