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Total Questions : 211 | Page 7 of 22 pages
Question 61. The procedure of using less and more broad pay grades than the traditional system of compensation is classified as
  1.    salary banding
  2.    structure banding
  3.    broad banding
  4.    grade banding
 Discuss Question
Answer: Option C. -> broad banding
Answer: (c).broad banding
Question 62. The curve which is used to represent relationship between pay rate and experience is classified as
  1.    equity curve
  2.    maturity curve
  3.    experience curve
  4.    seniority curve
 Discuss Question
Answer: Option B. -> maturity curve
Answer: (b).maturity curve
Question 63. The compensation quartile strategy in which employer of organization pays below than market compensations is called
  1.    forth quartile strategy
  2.    third quartile strategy
  3.    second quartile strategy
  4.    first quartile strategy
 Discuss Question
Answer: Option D. -> first quartile strategy
Answer: (d).first quartile strategy
Question 64. The compensation philosophy according to which the organization increase the salary of employees every year is called
  1.    primacy orientation philosophy
  2.    entitlement orientation philosophy
  3.    performance orientation philosophy
  4.    recency orientation philosophy
 Discuss Question
Answer: Option B. -> entitlement orientation philosophy
Answer: (b).entitlement orientation philosophy
Question 65. The employee who is paid less than the specified range for the job is classified as
  1.    blue circled employee
  2.    white circled employee
  3.    green circled employee
  4.    red circled employee
 Discuss Question
Answer: Option C. -> green circled employee
Answer: (c).green circled employee
Question 66. If the mid-point is 20 and the current pay of an employee is $25 then the compa ratio is
  1.    75
  2.    225
  3.    125
  4.    25
 Discuss Question
Answer: Option C. -> 125
Answer: (c).125
Question 67. The benefits offered in traditional compensation approach are usually
  1.    fixed and tied to tenure
  2.    variable and tied to tenure
  3.    benchmarked to other companies
  4.    none of above
 Discuss Question
Answer: Option A. -> fixed and tied to tenure
Answer: (a).fixed and tied to tenure
Question 68. The outcomes of competency based pay system such as fewer bottlenecks, more workforce flexibility and increased effectiveness are classified as
  1.    quartile strategy based outcome
  2.    organization-related outcomes
  3.    employee-related outcomes
  4.    percentiles strategy outcomes
 Discuss Question
Answer: Option B. -> organization-related outcomes
Answer: (b).organization-related outcomes
Question 69. The most common and usual form of direct compensation paid in organizations is
  1.    base pay and benefits
  2.    base and variable pay
  3.    variable pay and benefits
  4.    all of the above
 Discuss Question
Answer: Option B. -> base and variable pay
Answer: (b).base and variable pay
Question 70. The type of rewards employees get in form of praise for successfully accomplishing goals or completing project is classified as
  1.    primacy rewards
  2.    intrinsic rewards
  3.    extrinsic rewards
  4.    leniency rewards
 Discuss Question
Answer: Option B. -> intrinsic rewards
Answer: (b).intrinsic rewards

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