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 18 of 22

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Q171.
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
Q172.
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
Q173.
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
Q174.
The plans for sales compensation does not include
Discuss
Answer: (d).recognition award
Q175.
The concept in which the pay for the jobs that require similar skills, abilities and knowledge without taking duties into consideration is called
Discuss
Answer: (a).pay equity
Q176.
The payments made to employees for the amount of time in which the employee has worked are classified as
Discuss
Answer: (d).wages
Q177.
The compensation given with the base pay linked to individual team or organizational performance is classified as
Discuss
Answer: (a).variable pay
Q178.
In an organization, the base pay is classified as being part of
Discuss
Answer: (a).direct compensation
Q179.
According to traditional compensation approach, the perks and bonuses are
Discuss
Answer: (c).for executive only
Q180.
The curve which is used to represent relationship between pay rate and experience is classified as
Discuss
Answer: (b).maturity curve