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 16 of 22

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Q151.
If the standard amount is 200 units with piece rate $5 and the units produced are 250 with each extra unit paid for $6 then the total amount paid is
Discuss
Answer: (a).$1,300
Q152.
The plans for sales compensation does not include
Discuss
Answer: (d).recognition award
Q153.
The 'compensation quartile strategy' in which 75% of employers pay below than market and remaining 25% pay compensations higher than market is called
Discuss
Answer: (b).third quartile strategy
Q154.
The concept in which the whole or part of yearly pay increase is paid as single payment, is called
Discuss
Answer: (d).all of the above
Q155.
The factors such as earnings level, discretionary authority and percentage of spent time in manual work are factors that must be held to define
Discuss
Answer: (c).non-exempt status
Q156.
The perceived fairness between what person receives and what person did is classified as
Discuss
Answer: (d).equity
Q157.
The key issues related to internal equity are
Discuss
Answer: (d).both a and b
Q158.
The collection of data consisting compensation rates of all the workers, who perform similar jobs in other organizations are classified as
Discuss
Answer: (b).pay survey
Q159.
The basic compensations given to employees as salaries or wages are called
Discuss
Answer: (a).base pay
Q160.
According to total rewards approach, the variable pay of the employee is
Discuss
Answer: (a).added into base pay