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MCQs

Total Questions : 211 | Page 8 of 22 pages
Question 71. According to compensation programs, the benefits such as retirement pensions and life insurances are classified in the category of
  1.    direct compensation
  2.    primacy compensation
  3.    indirect compensation
  4.    recency compensation
 Discuss Question
Answer: Option C. -> indirect compensation
Answer: (c).indirect compensation
Question 72. The types of compensation the employees get from organization after timely completion of work includes
  1.    intrinsic rewards
  2.    extrinsic rewards
  3.    strictness reward
  4.    both a and b
 Discuss Question
Answer: Option D. -> both a and b
Answer: (d).both a and b
Question 73. According to compensation programs designed for employee, the variable pay other than base pay is classified as part ofThe employees to whom the overtime is must to be paid under the restriction of Fair Labor Standards Act are called
  1.    indirect compensationsalaried exempt employees
  2.    recency compensationsalaried nonexempt employees
  3.    direct compensationexempt employees
  4.    primacy compensationnon-exempt employees
 Discuss Question
Answer: Option D. -> primacy compensationnon-exempt employees
Answer: direct compensationnon-exempt employees
Question 74. In piece rate systems, the method in which number of units produced are multiplied by piece rate per unit, is classified as
  1.    fixed profit piece rate system
  2.    fixed cost piece rate system
  3.    straight piece rate system
  4.    differential piece rate system
 Discuss Question
Answer: Option C. -> straight piece rate system
Answer: (c).straight piece rate system
Question 75. According to compensation programs designed for employee, the variable pay other than base pay is classified as part of
  1.    indirect compensation
  2.    recency compensation
  3.    direct compensation
  4.    primacy compensation
 Discuss Question
Answer: Option C. -> direct compensation
Answer: (c).direct compensation
Question 76. The benefits provided in certain industries by the employers in unexpected conditions are classified as
  1.    supplemental unemployment benefits
  2.    supplemental employment benefits
  3.    optional employment benefits
  4.    optional unemployment benefits
 Discuss Question
Answer: Option A. -> supplemental unemployment benefits
Answer: (a).supplemental unemployment benefits
Question 77. The workers compensation, disability insurance, health and hospitalization costs are all types of
  1.    employment benefits
  2.    unemployment benefits
  3.    insurance benefits
  4.    optional benefits
 Discuss Question
Answer: Option C. -> insurance benefits
Answer: (c).insurance benefits
Question 78. The benefit provided to an individual who is unable to work, due to his or her own faults, regarded as
  1.    optional insurance
  2.    unemployment insurance
  3.    supplemental insurance
  4.    compensatory insurance
 Discuss Question
Answer: Option B. -> unemployment insurance
Answer: (b).unemployment insurance
Question 79. The types in which the benefits are classified are
  1.    insurance benefits
  2.    pay for time not worked
  3.    retirement benefits
  4.    all of above
 Discuss Question
Answer: Option D. -> all of above
Answer: (d).all of above
Question 80. A tax deductible bonus plan according to which employers contribute to a trust for later use for employees is classified as
  1.    early retirement window plan
  2.    employee stock ownership plan
  3.    cash balance plan
  4.    severance pay plan
 Discuss Question
Answer: Option B. -> employee stock ownership plan
Answer: (b).employee stock ownership plan

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