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 20 of 22

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Q191.
The compensation which is calculated as percentage of total revenue generated by the sales is classified as
Discuss
Answer: (b).commission
Q192.
The plan which gives the right to sell or buy the stock of the organization at fixed price for specific period of time is classified as
Discuss
Answer: (c).stock option
Q193.
In sales incentives and compensation, the amount which is deducted from future commissions in advance is classified as
Discuss
Answer: (a).draw
Q194.
The non-cash benefits usually reserved for executives of organization are classified as
Discuss
Answer: (a).perks
Q195.
The employee stock options, deferred compensations and executive stock options are classified as techniques of
Discuss
Answer: (c).organization wide pay plans
Q196.
The system which is followed in organizations to distribute some portion from profits to all employees in organization is classified as
Discuss
Answer: (a).profit sharing
Q197.
The amount of compensation which is linked to teams, individuals and organizational performance is classified as
Discuss
Answer: (c).variable pay
Q198.
The cost reduction, quality improvement and gain sharing are classified as techniques of
Discuss
Answer: (d).group based pay plans
Q199.
The objectives of using techniques of profit sharing to give incentive the employees include
Discuss
Answer: (d).all of the above
Discuss
Answer: (d).both a and b