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 17 of 22

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Q161.
In piece rate system, the method in which the same amount is paid for standard output and higher amount is paid for more units is classified as
Discuss
Answer: (b).differential piece rate system
Q162.
The technique of giving incentive to employees in which the productivity more than expected is shared with the employees is classified as
Discuss
Answer: (d).gain sharing
Q163.
The special perk available for executives to provide the security against the loss of job while takeover of companies is classified as
Discuss
Answer: (a).golden parachute
Discuss
Answer: (b).pay plan based on skills
Q165.
A company manage, reviews employees performance and matches with the set standards are called
Discuss
Answer: (a).focal reviews
Q166.
An 'Equal Pay Act' emphasizes compensable factors are such as
Discuss
Answer: (d).all of above
Q167.
The top managers' salaries traditionally depend upon
Discuss
Answer: (d).both a and b
Q168.
The cash and stock bonuses for achieving short-term goals are included in
Discuss
Answer: (b).short-term incentives
Q169.
The job's pay rate in comparison with one's own firm is an example of
Discuss
Answer: (a).external equity
Q170.
The situation in which senior employees' salaries are lesser than recruited employees, called
Discuss
Answer: (a).salary compression