Wages and Salary Administration
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This set of Human Resource Management (HRM) Multiple Choice Questions & Answers (MCQs) focuses on Wages and Salary Administration
Q1 | Who are the two main stakeholders in an organisation?
- ceo and top management
- employers and employees
- executives and owners
- none of the above
Q2 | Which of these is an internal factor influencing remuneration?
- business strategy
- cost of living
- legislations
- society
Q3 | Which of the following is a challenge mentioned in remuneration?
- employee participation
- pay secrecy
- comparable worth
- all of the above
Q4 | Under which conditions does skill - based pay system work well?
- employee turnover is relatively high
- to set minimum wages for workers whose bargaining position is weak
- to abolish malpractices and abuses in wage and salary payments
- none of the above
Q5 | Which of the wage concept is higher than fair wage?
- minimum wage
- living wage
- team based pay
- none of the above
Q6 | Effective supervision is an activity of
- organization function
- staffing function
- control function
- direction function
Q7 | Off the Job Training Method consists
- role playing method
- case study method
- programmed training
- all of the above
Q8 | Which is the Human Relation Policy?
- open communication
- common interest
- mutual acceptance
- all of the above
Q9 | In job-evaluation the Key Jobs are designated as ones
- which are more in number in the organisation.
- which are most important for the survival of the organisation
- which are most secure
- all of the above
Q10 | ---------- is the process of deciding how to fill the company's most important executive positions.
- succession planning
- organisational restructuring
- self directed teams
- corporate downsizing
Q11 | Compensation can be _____ benefits.
- monetary
- non-monetary
- both ‘a’ and ‘b’
- none of the above
Q12 | Wages represents _____ rates of pay.
- hourly
- daily
- weekly
- monthly
Q13 | ______ are also called ‘payments by results’.
- allowances
- claims
- incentives
- fringe benefits
Q14 | Incentives depends upon
- productivity
- sales
- profits
- all of the above
Q15 | The following is paid only at the time of employees exit after serving more than five years.
- perquisites
- claims
- gratuity
- allowances
Q16 | The following is a perquisites.
- club membership
- provident fund
- medical allowance
- group insurance
Q17 | ‘A behaviour which has rewarding experience is likely to be repeated’ is postulated by
- reinforcement and expectancy theory
- equity theory
- agency theory
- none of the above
Q18 | ‘A fair day work for fair day pay’ denotes a sense of _______ felt by employees.
- responsibility
- equity
- happiness
- respect
Q19 | The remuneration system needs to meet the following type(s) of equity.
- internal
- external
- individual
- all of the above
Q20 | Which of the following factor influence(s) employee compensation?
- labour market
- cost of living
- labour unions
- all of the above
Q21 | Any compensation plan must be
- understandable, workable, acceptable
- reasonable, workable, acceptable
- understandable, feasible, acceptable
- understandable, workable, compensable
Q22 | The following is not a part of remuneration model
- job description
- job evaluation
- job hierarchy
- job analysis
Q23 | Elitist remuneration systems are prevalent among
- well established firms
- companies with mature products
- companies with limited competition
- all of the above
Q24 | In organized industrial establishments pay review takes place once in ____ years.
- three
- seven
- ten
- fifteen
Q25 | Grievance redressal, discipline, collective bargaining are_______________ of HRM.
- integration function
- procurement function
- development function
- behavioural function