Compensation Management

List of Attempted Questions and Answers

Select The Blank

Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
True/False
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer

Life and Medical insurance or reimbursement of medical bills is considered as a

part of ________.
Perks
Following are causes of idle time of labour pertaining to production,
Failure of electricity. , Seasonal nature of demand. , Breakdown of machinery
Profit sharing plans can be on :Industry basis , Locality basis , Unit basis
Employees in the railways are entitled of payment of wages Act, 1936 who are
drawing wages and salaries below :Rs. 1600/- a month
House rent allowance paid to a employee residing in his own house is not
exempt from tax.
True
If the employment is merely incidental to the exercise of a profession, the gains
from such employment would be :Professional earnings
If classification system is used, the jobs are already categorized into grade or :Class
Production planning includes :Product engineering.

True/False
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer
Multiple Choice Multiple Answer
Question

Trade unions do affect rate of wages.

True
In addition to the result of job analysis and wage survey several other variables
have to be given due consideration in establishing :Wage structure
When a dotcom company starts earning profits, promoters are focused on the
launch of:IPO
Employees are paid incentives on 'Time' basis if :Units of output are difficult to measure , Delays in work are frequent , Quality
is prime consideration
When the cost of living increases, workmen and trade unions demanded to :Increase the wage
In post IPO stage, dotcom company gives its employees :Balanced total reward package
Documents used for wage analysis are :Job cards , Wage sheets
In co-partnership Incentive system, there is division of :Surplus profit
Main features of society are :Domination of machines , Exploitation of workers , Poor working conditions
In dotcom companies, there is :-

Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer
True/False
Question
Correct Answer
Select The Blank
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Select The Blank
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Select The Blank
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Select The Blank

Huge no of employees , Direct interaction with customers and client

organizations , Reduction of capital cost
In profit-sharing plan, employees :Work more diligently , Try to achieve higher profits , Fulfill entirely their
responsibilities
The goals and ideals of a traditional Indian family were spiritual and religious.
True
To perform a ________ function by way of determining the social status of
workers.
Social
The most important deductions from wages / salaries are :Statutory deductions
Standards of efficiency should be fixed by taking into consideration ________
worker & Normal working conditions.
Normal
In recent times, in addition to stock options, employees of dotcom companies
are demanding :Cash bonus
Persons interested in enhancing their reputations and receiving recognition
may respond to ________.
Verbal praise
Dotcom companies were founded to go beyond :Physical business

Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
True/False
Question
Correct Answer
True/False
Question
Correct Answer
True/False
Question
Correct Answer
Select The Blank
Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer
Select The Blank
Question
Correct Answer
True/False

Wage differentials have been classified into ________ categories.

3
Apart from salaries, IT employees are giving importance to :Job content , Job security , Company image
Reward may be money or promotion, but more likely it will be some pay-off -a
smile, and :Acceptance by peer
Incentive schemes sometimes lead to jealousies and misunderstanding among
the workers.
True
Any other amenity or service excluded from the computation of wages by a
general or special order of appropriate Govt.
False
The cost of time lost in strikes is charged to Profit & Loss Account.
True
After deducting depreciation and initial or development rebate from profit, we
arrive at ________.
Surplus profit
Documents useful for the purpose of wage analysis are :Wage sheets , Payroll , Accounting registers
Gross Earnings - Deductions equals ________.
Net Earnings

Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Match The Following
Question
Institutions of marriages & family
Past Marriages
Select The Blank
Question
Correct Answer
True/False
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer
Multiple Choice Single Answer
Question

With about 2-5 years of experience, an employee can move upto manager level
from executive level in IT industry.
True
In Payroll process, a Journal entry is treated as Control entry to :Book deductions effected during the month , Book expenses for the month on
account of payroll , Make remittances to respective authorities
In developmental phase, the dotcom companies concentrate on :Building brand
Long-term wage Incentive plans are useful, where :Jobs are inter-related
Correct Answer
Society
Permanent
In material costing ________ Costs are written at to Marginal profit & loss A/c.
Fixed
Halsey Premium plan is a combination of the day wage & piece wage in
modified form.
True
Some companies are paid on the higher side of the market in order to :Ensure an adequate supply of labour
Article 43 reads: State shall endeavour to secure by suitable legislation to all :Agricultural workers , Industrial , Working in a living wage
At germination stage, to attract and retain talent, dotcom companies offer :

Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Match The Following
Question
Under E.S.I. employee's contribution
Employee Pension Scheme is 8.33% of
Employer & Employee Contribution under E.P.F.
Under E.S.I., employer's contribution
Multiple Choice Multiple Answer
Question
Correct Answer
True/False
Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer
True/False
Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Match The Following
Question

Stock option
Standard cost is a :Predetermined cost
Correct Answer
0.0175
Employer
0.12
0.0475
Extent of employees turnover depends upon :Physical conditions within organisation , Type of industry , Male to female ratio
Performance standards & norms for incentive payments should be set up high
for better results.
False
E.S.I. Act aims at providing for certain cash benefits to employees in case of :Sickness , Maternity , Medical
Employer's contribution to Superannuation Fund is taxable.
False
Forces that favour regional differences are :Low mobility , Lower skilled job , Sources of income
In graduated time rates system, if basic salary is Rs.2000 and dearness
allowance is 150% then total remuneration will be :Rs.5000/Correct Answer

Top managers
Workers
Salesmen
Managers
Select The Blank
Question
Correct Answer
True/False
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer
True/False
Question
Correct Answer
Select The Blank
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer

Non-financial benefits
Piece-rate
Commission
Bonus
The scanlon plan of profit sharing gives utmost importance to ________.
Employee participation
If workers do not understand relationship between performance and rewards,
incentive plans cannot motivate workers.
True
Financial &/or quantitative statement prepared & approved prior to period of
time is called :Budget
Group incentive plans may not become successful due to :Unevenness of performance of different members of groups , Ill-feeling among
group members , No recognition for individual performance
Bonus is component of deductions.
False
The ________ criterion is usually regarded as an automatic minimum equity
pay criterion.
Cost of living pay
Wages of security men in a production unit comes under :Indirect labour
Major features of production are :Labour , Land , Capital

True/False
Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer

The Scanlon plan of profit sharing is more effective where no of participants is

more than 1000.
False
Incentive plans fail due to :Lack of required tools / training , Unfair standards , Fear of rate cut
Objectives laid down by I.L.O. are :Abolish malpractices , Abuse in wage payment , Promote Trade Union
Profit sharing, as an incentive plan, realizes these advantages :Higher profits , Increased efficiency , Climate for better employee relations
Characteristic of a good compensation system is :Higher the efficiency of worker, higher is compensation.
The institutions of marriage and family are also to be found in every :Society
Hospitality industries includes :Hotels
To make Scanlon plan successful, there should be :Stable product lines and costs , Strong commitment to plan , Healthy labour
relations

Select The Blank

Question
Correct Answer
True/False
Question

For higher management, ________ are influenced by the size of a company,

specific industry and the process of decision making.
Salaries
Indirect labour cost forms a part of overheads.

Correct Answer
True/False
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer
Select The Blank
Question
Correct Answer
Select The Blank
Question
Correct Answer
Select The Blank
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer

True
Salary is still the only or chief motivator for IT employees.
False
Perquisites taxable in all cases include :Value of rent free accommodation provided by employer to his employee
A good incentive scheme should have :Elasticity , Parity , Less operational costs
In Taylor differential piece rate system, high piece rate is applicable if ________.
Output is above standard
Leave pay of current year is treated as ________.
Direct Expenses
Cost of time spent on conducting interviews & selecting a candidate for
________ is called Replacement cost.
Replacement
One worker is working under piece rate & time rate combination system of
compensation. He has worked in a week of 06 days consisting of 48 hours. His
hourly rate is Rs.2/- per piece. His output for the week is 40 units. What will be
his earning ?
Rs.96/Wage differentials are of following factors :Difference in labour efficiency , Social esteem , Occupation
Monetary incentives imply :External motivation

Multiple Choice Single Answer

Question
Correct Answer
Select The Blank
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Select The Blank
Question
Correct Answer
True/False
Question
Correct Answer
True/False
Question
Correct Answer
Select The Blank
Question
Correct Answer
Select The Blank
Question
Correct Answer
True/False
Question

Variance analysis is done in case of :Standard costing

Inter-firm differentials reflect ________ wage levels of workers.
Relative
Wage Policy is of great concern to :Labour Management & Govt.
________ of payment recognizes that individuals are concerned about the
money paid to them and also the relationship of this amount to what others are
paid.
Equity approach
Incentive payments should be made at the end of fiscal year.
False
Most companies as against earlier visible cost don't use the "Total Cost To The
Company".
False
During the research it was found that in certain cities prevailing wage rate are
________where as organizational ability to pay is more.
Very low
In the history of Indian IT industry, the year 2001-2002 will be remembered as
________.
Year of lay-offs
The management must concentrate on creating proper industrial relations
climate before introducing incentive schemes.

Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Select The Blank
Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Select The Blank
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
True/False
Question
Correct Answer
Match The Following
Question
Cost accounting Dept.
Personnel Dept.
Payroll Dept.
Engineering Dept.
Multiple Choice Multiple Answer
Question

True
Time booking on job helps for :Estimating labour cost.
________ is the unique code allotted to each & every employee in the
organization.
Employee No.
Monetary incentive plans result in :Greater output per man-hour , Lower unit cost , Higher wages
First to lay down the guidelines for fixation of Minimum Wages was :Indian Labour Conference
Payment is done on the basis of units of output, incase of ________ workers.
Piece
In Payroll process, Cost of Living Index provides the basis for calculating :D.A.
Usually multinational companies ay higher than small scale industry.
True
Correct Answer
Accumulation & classification all cost data
Selection & training of employees.
Maintain record of wage rate of each employee.
Preparation of time & motion studies
Salient features of profit-sharing are :-

Correct Answer

Agreement is voluntary , Payment may be in cash / stock of future credits ,

Computation on the basis of some agreed formula

Multiple Choice Multiple Answer

Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Select The Blank
Question
Correct Answer
True/False
Question
Correct Answer
Select The Blank
Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer
Match The Following
Question
Elements of good Wage Plan
Remuneration
Wage Differentials
Mathematical tables
Multiple Choice Multiple Answer
Question
Correct Answer

Any imbalance in input-output relation in any incentive payment scheme can

result in :Tension , Lower productivity , More absenteeism
A worker produces 50 units a week of 06 days and piece rate is Rs.2/- per
piece. Then his earning will be :Rs.100/________ are also aid to executives a certain percentage of the profits.
Bonuses
Education expenses on employee's family members paid or reimbursed by the
employer are not taxable.
False
Payment to out workers is done on ________ basis.
Monthly
Following are causes of idle time of labour pertaining to administration :Poor management , Management policy
Correct Answer
Two
Employees
Three categories
Calculations
Apart from salaries, IT employees are giving importance to :Company image , Job content , Job security

True/False
Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer
Select The Blank
Question
Correct Answer
Select The Blank
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Select The Blank
Question
Correct Answer
Select The Blank
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Select The Blank
Question
Correct Answer
Multiple Choice Multiple Answer
Question

The cost of time lost in setting a machine is treated as indirect cost.

False
The contemporary practice for enhancing organizational growth involves
focuses on internal and external factors such as :Customer needs , Market trends , Costs
Wage differentials have a great ________ and social significance.
Economic
________ is a source document for preparation of wage sheet.
Attendance Register
Individuals from various level of the organisation have different :Life Style
________ are assured of a stable amount of money.
Employees
________ provides benefits at the time of retirement/ death / following
disability of worker.
Deferred plan
Demand for a particular skill is high and supply is low, compensation given is:High
Employee's State Insurance Act, ________ is a pioneering measure in the field of
social insurance of our country.
1948
Bonus, as the incentive to managers is determined :-

Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer

By formula , By discretion used in allocation of bonus

Following are the forms of the cost of replacement :Cost of advertisement for recruitment , Cost of conducting interviews , Cost of
interruption in production

Multiple Choice Single Answer

Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
True/False
Question
Correct Answer
Select The Blank
Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer
Select The Blank
Question

Minimum wages are not to be fixed in an industry which employs less then
how many employees in the entire state?
1000
Remuneration paid for the service of the labour in production is :Wage
Provident Funds can be of the following types :Statutory Provident Fund , Recognised Provident Fund , Public Provident Fund
Following is not a function of personnel department :Time keeping.
If an employee pays fees for attending some management course, the fees can
be allowed for deduction from salary income.
False
The wages of workers not present at the time of payment disbursement should
be entered into ________.
Undisbursed wage register
Basic compensation systems are :Time rate system , Piece rate system
Overtime payment given to the worker due to inefficiency of other department
is charged to ________.

Correct Answer
True/False
Question
Correct Answer
Select The Blank
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
True/False
Question
Correct Answer
True/False
Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer

Responsible Department
If the rent paid by employee for his accommodation is equal to or more than
the value of rent-free house, the value of the concession in rent is 'NIL'.
True
Factors not related to money can also serve as ________.
Attention seekers
Aggregate costs change, if there is change in volume of output in case of :Marginal cost
Bonus or other payments under a profit-sharing scheme form a part of the
contract of employment.
False
In businesses, where workers are illiterate and payments are done on weekly
basis, the scope for fraud or cheating is less.
False
Job analysis describes :Duties , Responsibilities , Working conditions
Contribution to the P.F. have to be remitted along with the challan for Account
No.:2 , 21 , 10
Profession Tax is deducted as per the enactment by :State Govt.
Through payroll system, Recovery statements like these can be generated :Recovery of ESI , Deductions of Profession Tax , LIC Premium recovered

True/False
Question
Correct Answer
Select The Blank
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Match The Following
Question
Normal Worker
Piece Worker
Casual Worker
Out workers
True/False
Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer
Select The Blank
Question
Correct Answer

IT jobs still remain the best paying jobs in the country.

True
Cost of employee welfare activities comes under ________ cost.
Preventive
Advantage of disc method of attendance recording is :Suitable for illiterate worker.
Source documents for preparations of wages are :Daily time sheet , Weekly time sheet. , Attendance register.
Consideration for wage and salary administration are :Job requirement
Correct Answer
Skill comparison in time study
Payment per unit of output
Payment for total work
Payment on monthly basis
Group incentive system is more widely prevalent in the Indian industry than
the system of individual incentive.
True
In dotcom companies, there is :Direct interaction with customers and client organizations , Reduction of capital
cost , Huge no of employees
Executives are compensated for the various ________ incurred by them.
Expenses

True/False
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Match The Following
Question
I. L. O.
Child Exploitation
Wage Policy
Article 43
Multiple Choice Single Answer
Question
Correct Answer
Select The Blank
Question
Correct Answer
Select The Blank
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer

In industrialization there is not always mass production.

False
In high profit making organisation compensation paid is relatively:Higher
Group incentive plans are best suited for :Small work groups
In traditional Indian society, marriages were considered to be :Permanent
Correct Answer
To bring appropriate payment systems
Article 39
Increase economic welfare
Emphasizes need for legislation
Prevailing market rate is also known as :Comparable wage
Ratio of number of persons over 4 years of service at present to present total
employees is called ________
Skill dilution index
There are many methods that an alive ________ management can creatively
develop for employees rendered redundant through little forethought.
HRD
Disadvantage of maintaining hand written register for attendance is :Depends upon honesty.

Match The Following

Question
High wage level system
Graduated time rate system
Straight piece rate system
Piece rate system & time rate combination
True/False
Question
Correct Answer
True/False
Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Select The Blank
Question
Correct Answer
True/False
Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer

Correct Answer
Incentive to worker to improve performance
Economical factor is consider
Productivity improvement
Protect learners & slow workers
An employee gets deduction to the extent, professional tax paid by him from
income chargeable under 'salaries'.
True
Contribution to the Provident Funds are made at certain rate or certain
percentage of salary of employee, only by the Employer.
False
The cutting edge of an organization is its people. The work culture thus is being
redefined to bring out the best in :Employees , Managers , Executives
Effectiveness of incentive system is ascertained with the help of :Efficiency report.
________ is that portion of Dearness Allowance which Government declares to
be paid for all purposes.
Dearness Pay
Gradewise flat allowances are also being considered generally except where tax
exemption benefit are still available.
True
Return and wage differentials are contained by a set of factors such as :Productivity , Market conditions , Bargaining power

Multiple Choice Multiple Answer

Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer
True/False
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer
Match The Following
Question
IPO stage of dotcoms
Post IPO stage of dotcoms
Ideation stage of dotcoms
Developmental stage of dotcoms
Select The Blank

Employees cost to the company includes :Basic wages , Incentives

A job is rated to determine :Its value relative to other jobs in organization
Components of deductions in salary are :E.S.I. , Housing loan installment.
Wage and salary administration should be controlled by some proper agency.
True
Employees Compensation System is vital for :Motivation
In following circumstances of overtimes, the cost is treated indirect costs :General pressure of work. , Inefficiency.
Following is a method of attendance time recording method :Time recording clock.
Employees are paid incentives on 'Output' basis if :Units of output can be measured , Direct relationship between employee efforts
and quantity of output , Jobs are standardised
Correct Answer
Compensation at market level
More balanced total reward package
Low cash compensation
First real revenue flows

Question
Correct Answer
True/False
Question
Correct Answer
Select The Blank
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer
True/False
Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Select The Blank
Question
Correct Answer

________ generated out of payroll system shows amounts of debits and credits.
Journal entry
Employee turnover rate focuses on stability of employee in the organisation.
False
Packing articles in plastic bags is an example of ________ system.
Piece rate system
By using straight piece rate system of compensation output :Increases
Following are avoidable causes of employees turnover :Unsatisfactory pay package , Absence of job satisfaction
If the same or about the same general rates of wages were not paid to the
employees as were paid by the organisation's competitors, it would not be able
to attract and maintain a sufficient quantity and quality of manpower.
False
For the valuation of rent free accommodation, 'Salary' includes :
D A , Bonus , Education Allowance
Cost of labour turnover includes :Replacement cost , Preventive cost
Wage & salary administration refers to the establishment and implementation
of sound policies and practices of employee :Compensation
Organization's ability to pay, determines ________.
Wage level

True/False
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
True/False
Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
True/False
Question
Correct Answer
Multiple Choice Multiple Answer
Question

Wage Policy is not of great concern to labour, management and Govt.

False
Towns are getting converted into cities and cities into :Metro
Profit sharing, as an incentive plan, realizes these advantages :Higher profits , Increased efficiency , Climate for better employee relations
In effective incentive plan, standards on which plan is based should be :Fair , Reasonable , Specific
Gate time keeping helps for :Payroll preparations.
Incentive schemes should be installed right from beginning of production.
False
Incentive plans fail due to :Unfair standards , Fear of rate cut , Lack of required tools / training
Components of deductions in salary are :E.S.I. , Housing loan installment.
As industrialization taking place, the family values have :Changed
Compensation policy does not need criteria for promotions.
False
Differential piece rate system is suitable where :-

Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer

Fixed costs are higher in proportion to veriable cost , It is possible to count

production accurately , There are standardised methods of production
Control of labour cost is essential in every organisation to :Determine indirect labour cost.
In India, Group incentive plans face problems like :Numerous slabs in rate structure , High norms of standard work , Illiterate
workforce

True/False
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer
Select The Blank
Question
Correct Answer
Match The Following
Question
Idle time due to tea breaks
Basic Salary
Professional Tax
Overtime due to general pressure of work
Multiple Choice Multiple Answer
Question

If the employee receives conveyance allowance, or, he is provided with a

vehicle by employer, he is not eligible to get 'Standard deduction' from his
salary.
False
Carpenters engaged in cutting of wood in a furniture making shop is an
example of :Direct labour
Employees cost to the company includes :Basic wages , Incentives
Process of readjustment inevitable calls for changes in the ________ system and
its practice.
Human Resource
Correct Answer
Direct costs
Gross Earning
Deductions
Indirect costs.
Documents useful for the purpose of wage analysis are :-

Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer
Select The Blank
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
True/False
Question
Correct Answer
Select The Blank
Question
Correct Answer
True/False
Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer
Multiple Choice Multiple Answer

Wage sheets , Payroll , Accounting registers

Level II in junior managers comprises of :Engineers , Officers , Senior Engineers
It was commonly believed by Hindus that marriage was :Necessary
Source documents for preparations of wages are :Daily time sheet , Weekly time sheet. , Attendance register.
________ is necessary to calculate Dearness Allowance in Payroll process.
Cost of Living Index
In profit-sharing plan, the proportion of profits to be distributed among the
employees is determined :In advance
If the car is used for office duty, only the value of the use of motor car is taken
as 'NIL'.
True
Today there is strong competition for acquiring as much ________ as possible.
Wealth
Accumulated leave pay is treated as Indirect expenses.
True
Cost accounting department analyze payroll for the purpose of revealing :Normal and abnormal idle time , Direct & indirect labour , Variance from
budgeted costs

Question
Correct Answer
Select The Blank
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer

The approach of managerial / executive staff towards the perquisites has

changed since last :10 years , 9 years , 8 years
A person would readily respond to opportunities related to jobs if he has strong
need for ________.
Affiliation
In metropolitan towns boys and girls are generally marring at the age of :25 to 35
Various enactments that are applicable to employees of organization are :Payment of Gratuity Act , Payment of Bonus Act , Employee's Provident Fund
& Misc. Provisions Act

Multiple Choice Single Answer

Question
Correct Answer
True/False
Question
Correct Answer
True/False
Question
Correct Answer
Select The Blank
Question
Correct Answer
True/False
Question

Pay grade consists of jobs falling within a range of points, if the system used for
job evaluation is :Point method
In engineering and chemical industries, mostly we find group system of
incentives.
True
In piece rate & time rate combination system, the workers may feel over
secured and do not try hard to increase production.
True
________ refers to the distribution of profits on the basis of certain percentage
on one's monthly wages.
Profit sharing bonus
Economic system does result in the concentration of wealth.

Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer

False
Time spent by different workers on same job is recorded in :Job card.
Advantages of having several pay ranges for each organisations are :The management could take a more flexible stance with respect to the labour
market , It made it easy to attract experienced employees from other
organisations , It helped to ensure that there was an overlap between the pay
rates and those prevailing in the labour market

Select The Blank

Question
Correct Answer
Match The Following
Question
Post IPO stage of dotcoms
Ideation stage of dotcoms
Developmental stage of dotcoms
IPO stage of dotcoms
Multiple Choice Multiple Answer
Question
Correct Answer
Multiple Choice Single Answer
Question
Correct Answer
Multiple Choice Multiple Answer
Question
Correct Answer
Multiple Choice Single Answer
Question

________ is financial / quantitative statement prepared & approved prior to a

period of time.
Budget
Correct Answer
More balanced total reward package
Low cash compensation
First real revenue flows
Compensation at market level
Level II in senior managers include or comprises of :General Manager , Senior General Manager , Deputy General Manager
Following is method of time booking :Daily time sheet.
Broad groups may be illustrated within manufacturing as :Managerial , Clerical , Factory
Person working in MNC's occupying higher positions devote most of their time
for their :-

Correct Answer
True/False
Question
Correct Answer
True/False
Question
Correct Answer
Select The Blank
Question
Correct Answer
Select The Blank
Question
Correct Answer
Match The Following
Question
Level II - Middle Managers
Level I - Senior Managers
Level II - Middle Managers
Level I - Junior Managers
Multiple Choice Multiple Answer
Question
Correct Answer

Employment & job

Equal remuneration Act, 1976 discriminates on the ground of sex against
women in the matter of employment.
False
Time booking helps to ascertain direct and indirect labour costs.
True
Equal remuneration Act, ________ provides for payment of equal remuneration
to men and women for the same work of similar nature.
1976
Overtime payment given to the worker for completing work before scheduled
date art the instruction of buyer is treated as ________ cost
Direct
Correct Answer
Assistant Managers
Executive vice President
Senior Managers
Deputy Managers
The term salary does not include :D A , Employer's contribution to Provident Fund , Value of free use of motorcar