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Using legal connotations, we can exclude following payments to employees from the purview
of wages:
Payment of bonus which is outside the contract of employment
Question 5
Identify which is not an objective of compensation:
Micro-economic stability Correct Answer
Question 7
Indicate which is not a theory of compensation determination:
Institutional theory
Question 8
Question 12:
Indicate which characteristic of a job cannot be attributed to higher level of employees' job
satisfaction:
Task simplification
CHAPTER2:
Question 1
Identify which is not a strategy for job analysis:
Interviewing customers who are using the products and services for doing the job
Question 6
Identify which is not a common performance indicators for an organization:
Ans: Profit Correct Answer
Question 7
A simple model of performance matrix does not consider:
Goals
Question 8
Performance engineering model (PEM) was pioneered by:
Gilbert
Question 9
Competency-based pay does not emphasize on:
Job efficiency
CHAPTER 3
Question 1
A trade-off between executive compensation and organizational objectives can be achieved with the
following action plans, excepting:
Question 2
In deciding executive compensation, organization follow different criteria, identify which is not a
criterion for executive compensation design:
Higher qualification
Question 4
Indicate which statement is not correct for sales cycles:
For long sales cycle, organizations being unable to ascertain the closure of a sales deal, no
Question 5
Indicate which does not form the part of sales compensation component:
Travelling Allowances
Question 6
Contribution-based sales compensation is designed with the following considerations, excepting:
Decision on base salary levels Correct Answer
Question 7
Which one of the following is not an objective of wage incentive programmes
Question 8
Indicate which one of the following is an example of fringe benefits
Health insurance
Question 9
Equal pay for equal job ensures:
Neutrality
Question 10
Wages which are usually positioned above the minimum wages but below the living wages are
described as:
Question 11
A broad band pay structure represents a:
Question 12
When executives are offered free membership of a club, we call it:
Perquisites
CHAPTER 4
Question 1
The term `industry of the common people' was advocated by:
F.W. Taylor
Question 2
uestion 3
Bargain theory of wages was advocated by:
Davidson
Question 8
The term strike price denotes:
A stock option gives an employee the ability to purchase specific numbers of shares of
Market price of stock when the employees decide to sell their stake
Question 10
Difficulty in productivity measurement for knowledge workers centre on the following
aspects:
Effects of a strategic decision, both positive and negative, may not be immediately
evident
Knowledge workers often contribute indirectly to the achievement of the end result, which
is difficult to measure
CHAPTER 5
Question 1
Indicate which is not part of employee benefits:
Question 4
Indicate which is not a valid statement on perks:
PRP
Question 6
Strategic non-monetary incentives is/are:
Question 9
Employee benefits cover:
Employment security
Healthcare
Retirement
CHAPTER 6
Question 1
Indicate which is not part of the continuum of motivational cycle:
Inorganic growth
Question 3
Question 4
Motivation is a dynamic human resource process because:
Question 7
Identify which is not a hygiene factor as per Herzberg:
Status
Question 8
Indicate which is not a group of motivational theories:
Normative theories
CHAPTER 7
Question 3
The principles of job design incorporate the:
Control
Question 4
While designing a job, management must be concerned with the:
Practical considerations of quantity and quality of available personnel, both within the
Question 9
Job rotation involves:
tasks
Providing some relief from the boredom and monotony of the repetitive jobs or
tasks
CHAPTER 8
Question 3
Job evaluation serves following purposes, excepting:
Question 6
Job evaluation techniques are:
Ranking, classification, points rating, and factor comparison Correct Answer
Question 9
Effectiveness of a job evaluation technique is assessed in terms of the following criteria, excepting:
Feasibility
Question 11
Work study assists management in meeting following objectives, excepting:
CHAPTER 9
Question 1
Identify which is not relevant for performance management:
Question 2
PMS helps us to think through various facets of performance, excepting:
Question 5
Which is not a PRP principle:
Question 6
For implementing PRP, which factor(s) is/are ignored:
Question 7
Adverse selection syndrome affects PRP in Public Sector companies:
As low quality workers prefer a job with fixed/guaranteed pay Correct Answer
Question 9
Identify which statement is not appropriate for EVA based performance measures:
CHAPTER 10
Question 1
Indicate which is not a feature of team:
Question 7
Designing team-based compensation in organization is not always feasible because:
Organizations cannot avoid considering a portion of individual's base pay while deciding
team-based compensation
Question 8
To align individual and team performance to the compensation plan, organizations follow certain
steps, excepting:
Question 9
Identify which is not true for gain-sharing plan:
CHAPTER 11
Question 1
Indicate which is not a component of executive compensation:
Overtime allowances
Question 3
Calibrating executive pay to performance is known as:
Question 4
To sustain competitive advantage, organizations always focus on retention of executives because of
their:
Question 11
External inputs for performance measures to design executive compensation do not consider:
Question 12
Identify important benefit(s) of performance-based incentives plans:
Increased retention of key executives, allowing organization to focus on strategic
goals
Feasibility of rewarding executives for meeting performance goals, even when stock
Question 13
Identify which is not a criterion for executive compensation:
Performance criterion
CHAPTER 12
Question 3
Indicate which is an example of administrative work for a sales personnel:
Question 6
A combo-compensation plan for sales function cannot:
Question 7
For longer sales cycle, sales compensation are designed:
Question 3
Reward is add-on to compensation because:
It is given as an award for performance
Question 5
Rewards are more inclusive approach not because:
Question 7
C&B can influence:
Question 11
Indicate which is not a type of reward:
Strategic
CHAPTER 14
Question 2
Identify which is considered as wages under Section 2 of Payment of Wages Act, 1936:
any remuneration payable under any reward or settlement between the parties or order
of a court Correct Answer
Question 3
Which is not considered as wages under Section 2 of the Industrial Disputes Act 1947
any contribution paid or payable by the employer to any pension fund or provident fund or for the
benefit of the workers under any law for the time being in force
Question 4
Identify value of which is not excluded from the definition of wages as per Section 2(b) of the
Minimum Wages Act 1948:
any sum paid to employed persons to defray special expenses entailed on them by the nature of their
employment
Question 5
Identify which is not correct for section 80C of The Income Tax Act:
Question 10
Identify which section of The Income Tax Act does not run concurrently with section 80C:
80CCC
80CCD
Question 11
Maximum allowable deduction, including the preventive health check up costs under section 80D of
The Income Tax Act, when dependent parents are above 65 years are:
Rs. 40000 Correct Answer
CHAPTER 15
Question 1
Strategic compensation is:
Payment of compensation to employees for the services they render to the
organization Correct Answer
Question 2
In strategic compensation ?-2-3 principle means:
Aligning with business needs, vision, and mission
Question 5
Configuration school is part of:
Descriptive schools
Question 6
While framing compensation strategies, organization should:
Question 7
Human resource accounting theory was pioneered by:
Flamholtz
Question 8
The agency theory was pioneered by:
Eisenhardt
CHAPTER 15
Question 1
Interpret the table below and then relate your observation to identify the correct statement: Employee
Salary (rs) Midpoint (rs) Compa?ratio (%) Performance X 42,500 50,000 85 Excellent Y 56,000
50,000 112 Excellent
Question 2
For the variable pay plan to be optimally successful, the employees must understand how
their individual performance affects their variable pay and the company performance. This is
referred to as:
Line of sight Correct Answer
Question 4
Identify which compensation metrics help in tracking effectiveness of talent management in
the company:
Question 5
Information given in the table below can be measured by:
Observational Scale Correct Answer
Question 6
Payroll administration deals with:
Question 10
Perceived differences in compensation as presented in table below is an example of:
Ordinal Scale
Question 11
Identify which is not correct for RSU:
It is a hypothetical stock
Question 13
In comparative scaling, the respondent is asked to:
Question 14
In compensation design team goals have the advantage of:
Peer influence
CHAPTER 17
Question 1
Relocating production facilities to low labour cost countries do not require consideration of the
following issue(s):
Question 2
For short term international assignments, compensation design need to consider:
Expatriates will get their usual salaries plus some living expenses to meet their additional expenses in
international assignment.
Question 4
An expatriate is a citizen of:
Question 7
Chinese workers working for Infosys's software development projects in the US represent:
TCNs
Question 8
Designing performance-related pay (PRP) with more focus on individualization agenda may be a right
strategy for countries where the national culture emphasizes on:
Individual merit