Compensation Administration MCQs

Welcome to our comprehensive collection of Multiple Choice Questions (MCQs) on Compensation Administration, a fundamental topic in the field of Human Resource Management. Whether you're preparing for competitive exams, honing your problem-solving skills, or simply looking to enhance your abilities in this field, our Compensation Administration MCQs are designed to help you grasp the core concepts and excel in solving problems.

In this section, you'll find a wide range of Compensation Administration mcq questions that explore various aspects of Compensation Administration problems. Each MCQ is crafted to challenge your understanding of Compensation Administration principles, enabling you to refine your problem-solving techniques. Whether you're a student aiming to ace Human Resource Management tests, a job seeker preparing for interviews, or someone simply interested in sharpening their skills, our Compensation Administration MCQs are your pathway to success in mastering this essential Human Resource Management topic.

Note: Each of the following question comes with multiple answer choices. Select the most appropriate option and test your understanding of Compensation Administration. You can click on an option to test your knowledge before viewing the solution for a MCQ. Happy learning!

So, are you ready to put your Compensation Administration knowledge to the test? Let's get started with our carefully curated MCQs!

Compensation Administration MCQs | Page 1 of 22

In employees' pension plan, a portion of employees' earnings contribution into the fund is classified as
Answer: (d).savings and thrift plan
The pension plan, in which specific amount of profit is transferred to employees account, that are payable at the time of retirement or death is classified as
Answer: (a).deferred profit sharing plan
A pension plan, an employer's acknowledgement of financial standing of employee's account, placing percentage on the basis of annual compensation and interest, regarded as
Answer: (a).cash balance plan
A plan to accommodate employees' preferences of planning for benefit, classified as
Answer: (c).flexible benefit plans
The kind of pension plan in which employer's contribution is specified in employee's retirement savings funds is classified as
Answer: (b).defined contribution pension plan
The sabbatical leave, funeral leave, jury duty and vacations are the examples of
Answer: (d).supplemental pay benefits
For continuous work growth, company's direct, non-financial and financial payments are being received by the employees, categorized as
Answer: (a).benefits
The benefit paid to terminated employees or laid-off employees is
Answer: (c).severance pay
The job schedules in which the employees can work for fewer days, but, for longer time in each day are classified as
Answer: (b).compressed work week
Answer: (b).supplemental pay benefits
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