Compensation Management - 12

Question The lacuna which led to the introduction of 'Employee's
Deposit Linked Insurance Scheme' did not have effect from :-
Answer 7th of March 1971 , 3rd of March 1971 , 2nd of March 1971
Question Time rate system at ordinary level is suitable where :-
Answer Quality of output is of great importance , Quantitative
measurement of work is not possible , Production unit is small
Question In piece rate & time rate combination, if payment is
calculated on the basis of piece rate guaranteed and if number of pieces
fall below the minimum wages guaranteed, he is paid by time rate (T).
Answer True
Question E.S.I. Act aims at providing for certain cash benefits to
employees in case of :-
Answer Sickness , Maternity , Medical
Question Overtime payment given to the worker due to inefficiency of
other department is charged to ________.
Answer Responsible Department
Question Wage differentials are inter-industry, inter-firm and
________.
Answer Inter area
Question If the point method of job evaluation is used the pay grade
consists of jobs falling within the range of :-
Answer Points
Question ________ is the unique code allotted to each & every
employee in the organization.
Answer Employee No.
Question Earning in time rate systems, at ordinary levels is
calculated by formula :-
Answer Rate per hour x hours worked
Question The nature and extent of wage differential are conditioned
by a ________.
Answer Set of factors
Question Monetary incentive plans result in :-
Answer Greater output per man-hour , Lower unit cost , Higher wages

Question Contribution to the Provident Funds are made at certain rate
or certain percentage of salary of employee, only by the Employer.
Answer False
Question For adequate and effective internal check on disbursement of
wages, these factors are important :-
Answer Proper time recording , Proper record of output by workers ,
Well-defined terms of remuneration and incentive schemes
Question With about 2-5 years of experience, an employee can move
upto manager level from executive level in IT industry.
Answer True
Question In dotcom companies, there is :-
Answer Huge no of employees , Direct interaction with customers and
client organizations , Reduction of capital cost
Question Any other amenity or service excluded from the computation
of wages by a general or special order of appropriate Govt.
Answer False
Question In effective incentive plan, standards on which plan is
based should be :-
Answer Fair , Reasonable , Specific
Question The institutions of marriage and family are also to be found
in every :-
Answer Society
Institutions of marriages & family Society Metros

Past Marriages Permanent Society

Question In the history of Indian IT industry, the year 2001-2002
will be remembered as ________.
Answer Year of lay-offs
Question Sequence of operations for a job is clear in case of :-
Answer Job cards.
Question The wage structure or grade is comprised of jobs of
appropriately equal difficulty or importance as determined by :-
Answer Job evaluation
Question Generally, the strong & more powerful is the trade union,
the ________ are the wages.
Answer Higher
Question Overtime payment given to the worker due to general pressure
of work is treated as ________ cost.
Answer Indirect
Question In standard costing, cost is controlled through :-
Answer Variance analysis
Question The expenditure on remuneration of workers/employees
responsible for conversion of raw material into finished products is called
:-
Answer Direct labour
Employee turnover Separation rate Difficult to control

Direct labour cost Difficult to control Fixed costs

Indirect labour cost Cannot be easily identified with product
Cannot be easily identified with product

Stability index Skill dilution index Skill dilution index

Question Hospitality industries includes :-
Answer Hotels
Question By using straight piece rate system of compensation output
:-
Answer Increases
Question Ratio of number persons over 4 years of service at present
to total employed 4 years ago is called ________
Answer Skill wastage index
Question Group incentive plans may not become successful due to :-
Answer Unevenness of performance of different members of groups ,
Ill-feeling among group members , No recognition for individual performance
Question compensation should be ________ efficiency & result .
Answer Directly proportional
Question Rate of change in the working force of an organisation
during a period of time is known as employee turnover.
Answer True
Question In case of construction work / transportation / bidi rolling
businesses, internal check of disbursement of payment to workers is very
important.
Answer True
Question Group incentive system is more widely prevalent in the
Indian industry than the system of individual incentive.
Answer True
Question After deducting depreciation and initial or development
rebate from profit, we arrive at ________.
Answer Surplus profit
Question Profession Tax is deducted as per the enactment by :-
Answer State Govt.
Question Gradewise flat allowances are also being considered
generally except where tax exemption benefit are still available.
Answer True
Question Incentive plans fail due to :-
Answer Unfair standards , Fear of rate cut , Lack of required tools
/ training
Question Any imbalance in input-output relation in any incentive
payment scheme can result in :-
Answer Tension , Lower productivity , More absenteeism
Question The management must concentrate on creating proper
industrial relations climate before introducing incentive schemes.
Answer True
Question Wage & salary administration refers to the establishment and
implementation of sound policies and practices of employee :-
Answer Compensation
Question Factors not related to money can also serve as ________.
Answer Attention seekers
Question According to the thinking and beliefs of these young
persons, the major need filled by marriage is biological and this can be
easily satisfied out of :-
Answer Wedlock
Question Wages have at least ________ connotations from stand points
of employers and employees.
Answer 2
Question Advantage of disc method of attendance recording is :-
Answer Suitable for illiterate worker.
Question Overtime paid because of inefficiency of other department is
charged to the job.
Answer False

Under E.S.I. employee's contribution 0.0175 0.0175

Employee Pension Scheme is 8.33% of Employer Employer

Employer & Employee Contribution under E.P.F. 0.12 0.12

Under E.S.I., employer's contribution 0.0475 0.0475

Question The cutting edge of an organization is its people. The work
culture thus is being redefined to bring out the best in :-
Answer Employees , Managers , Executives
Question When a dotcom company starts earning profits, promoters are
focused on the launch of:-
Answer IPO
Question Halsey Premium plan is a combination of the day wage & piece
wage in modified form.
Answer True
Question Main features of society are :-
Answer Domination of machines , Exploitation of workers , Poor
working conditions
Question In material costing ________ Costs are written at to
Marginal profit & loss A/c.
Answer Fixed
Question Level II in junior managers comprises of :-
Answer Engineers , Officers , Senior Engineers
Question Forces that favour regional differences are :-
Answer Low mobility , Lower skilled job , Sources of income
Question ________ under profit sharing contributes directly to an
employee's immediate economic gain.
Answer Cash plan
Question Indirect labour cost forms a part of overheads.
Answer True
Question In following circumstances of overtimes, the cost is treated
indirect costs :-
Answer General pressure of work. , Inefficiency.
Question Following are the forms of the cost of replacement :-
Answer Cost of advertisement for recruitment , Cost of conducting
interviews , Cost of interruption in production
Question To make Scanlon plan successful, there should be :-
Answer Stable product lines and costs , Strong commitment to plan ,
Healthy labour relations
Question Monetary incentives imply :-
Answer External motivation
Question Return and wage differentials are contained by a set of
factors such as :-
Answer Market conditions , Bargaining power , Productivity
Question Monitory payment often act as motivators and satisfiers
interdependently of other job factors.
Answer True
Question Time booking on job helps for :-
Answer Estimating labour cost.
Question Process of readjustment inevitable calls for changes in the
________ system and its practice.
Answer Human Resource
Question Wage differentials have a great ________ and social
significance.
Answer Economic
Question Employee turnover rate focuses on stability of employee in
the organisation.
Answer False
Question Jobs are graded according to the relative skill :-
Answer Effort , Responsibility , Calculations
Question Direct labour costs are included in cost of production of
each unit.
Answer True
Question ________ provides benefits at the time of retirement/ death
/ following disability of worker.
Answer Deferred plan
Question To minimize disparity in wages & levels, following act is
passed :-
Answer Minimum wages Act
Question A job is rated to determine :-
Answer Its value relative to other jobs in organization
Article 43 Emphasizes need for legislation To avoid exploitation of
labour

I. L. O. To bring appropriate payment systems Increase economic
welfare

Child Exploitation Article 39 Article 39

Wage Policy Increase economic welfare To bring appropriate payment
systems

Question Cost accounting department analyze payroll for the purpose
of revealing :-
Answer Normal and abnormal idle time , Direct & indirect labour ,
Variance from budgeted costs
Question Marriages were supposed to be made in :-
Answer Heaven
Question Bonus is component of deductions.
Answer False
Question Provident Funds can be of the following types :-
Answer Statutory Provident Fund , Recognised Provident Fund ,
Public Provident Fund

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Posted in: Compensation Management (Set-4)

Compensation Management - 11

Question Minimum wages are not to be fixed in an industry which
employs less then how many employees in the entire state?
Answer 1000
Question Control of labour cost is essential in every organisation to
:-
Answer Determine indirect labour cost.
Question Effectiveness of incentive system is ascertained with the
help of :-
Answer Efficiency report.
Question In case of ________ workers payment is done on the basis of
total work done.
Answer Casual
Question Following are unavoidable causes of employees turnover :-
Answer Retirement , Marriage
Question Cost of labour minute operation is available from :-
Answer Job cards.
Question Broad groups may be illustrated within manufacturing as :-
Answer Managerial , Clerical , Factory
Question Contribution to the Provident Funds are made at certain rate
or certain percentage of salary of employee, only by the Employer.
Answer False
Question The management must concentrate on creating proper
industrial relations climate before introducing incentive schemes.
Answer True
Question Time booking helps to ascertain direct and indirect labour
costs.
Answer True
Question ________ generated out of payroll system shows amounts of
debits and credits.
Answer Journal entry
Question In post IPO stage, dotcom company gives its employees :-
Answer Balanced total reward package
Question In material costing ________ Costs are written at to
Marginal profit & loss A/c.
Answer Fixed
Question If the employee receives conveyance allowance, or, he is
provided with a vehicle by employer, he is not eligible to get 'Standard
deduction' from his salary.
Answer False
Question Overtime payment given to the worker for completing work
before scheduled date art the instruction of buyer is treated as ________
cost
Answer Direct
Question Major features of production are :-
Answer Labour , Land , Capital
Question The Scanlon plan of profit sharing is more effective where
no of participants is more than 1000.
Answer False
Question In developmental phase, the dotcom companies concentrate on
:-
Answer Building brand
Question In recent times, in addition to stock options, employees of
dotcom companies are demanding :-
Answer Cash bonus
Question Sequence of operations for a job is clear in case of :-
Answer Job cards.
Question The wages of workers not present at the time of payment
disbursement should be entered into ________.
Answer Undisbursed wage register
Question Wage & salary are also subject to a variety of legislation &
in this context, compliance with existing legislative measure is very
important.
Answer True
Question For the valuation of rent free accommodation, 'Salary'
includes :
Answer D A , Bonus , Education Allowance
Bonus to top management Overall corporate results Overall corporate
results

Time' incentive plan Delays in work are frequent Delays in work are
frequent

Output' Incentive plan Units of output are measurable Units of output are
measurable

Commission' to salesmen Unsupervised nature of job Unsupervised nature
of job

Select The Blank
Question In the history of Indian IT industry, the year 2001-2002
will be remembered as ________.
Answer Year of lay-offs
Question Basic compensation systems are :-
Answer Time rate system , Piece rate system
Question Dotcom companies were founded to go beyond :-
Answer Physical business
Question From economic and ________ point of view woman was subject
to man.
Answer Social
Question In effective incentive plan, standards on which plan is
based should be :-
Answer Fair , Reasonable , Specific
Question The cost of living pay criterion is usually regarded as an
automatic minimum equity pay criterion
Answer True
Question E.S.I. Act aims at providing for certain cash benefits to
employees in case of :-
Answer Sickness , Maternity , Medical
Question Wages have at least ________ connotations from stand points
of employers and employees.
Answer 2

Psychological & social factor Determines how hard a person will work for
compensation received Determines how hard a person will work for
compensation received

Trade union bargaining power Affect rate of wages Affect rate of wages

Job requirement The more difficult a job, the higher the wages The more
difficult a job, the higher the wages

Managerial attitudes Decisive influence on the wage structure
Decisive influence on the wage structure

Multiple Choice Single Answer
Question Rate range can be developed in many ways, one usually
adopted is :-
Answer Wage curve
Question Earning in time rate systems, at ordinary levels is
calculated by formula :-
Answer Rate per hour x hours worked
Question Remuneration paid for the service of the labour in
production is :-
Answer Wage
Question Contribution to the P.F. have to be remitted along with the
challan for Account No.:-
Answer 2 , 21 , 10
Question Payment is done on the basis of units of output, incase of
________ workers.
Answer Piece
Question Differential piece rate system is suitable where :-
Answer Fixed costs are higher in proportion to veriable cost , It
is possible to count production accurately , There are standardised methods
of production
Question Cost of time spent on conducting interviews & selecting a
candidate for ________ is called Replacement cost.
Answer Replacement
Question Direct labour cost varies in proportion to output of
production.
Answer False
Question Group incentive system is more widely prevalent in the
Indian industry than the system of individual incentive.
Answer True
True/False
Question The management must concentrate on creating proper
industrial relations climate before introducing incentive schemes.
Answer True
Question Time booking on job helps for :-
Answer Estimating labour cost.
Question ________ is the unique code allotted to each & every
employee in the organization.
Answer Employee No.
Question Monetary incentive plans result in :-
Answer Greater output per man-hour , Lower unit cost , Higher wages

Question First to lay down the guidelines for fixation of Minimum
Wages was :-
Answer Indian Labour Conference
Question At germination stage, to attract and retain talent, dotcom
companies offer :
Answer Stock option
Question Payment is done on the basis of units of output, incase of
________ workers.
Answer Piece
Question In Payroll process, Cost of Living Index provides the basis
for calculating :-
Answer D.A.
Question Following are causes of idle time of labour pertaining to
production,
Answer Failure of electricity. , Seasonal nature of demand. ,
Breakdown of machinery
Question Usually multinational companies ay higher than small scale
industry.
Answer True
Question When a dotcom company starts earning profits, promoters are
focused on the launch of:-
Answer IPO
Question Correct Answer

Cost accounting Dept. Accumulation & classification all cost data

Personnel Dept. Selection & training of employees.

Payroll Dept. Maintain record of wage rate of each employee.

Engineering Dept. Preparation of time & motion studies

Multiple Choice Multiple Answer
Question Salient features of profit-sharing are :-
Answer Agreement is voluntary , Payment may be in cash / stock of
future credits , Computation on the basis of some agreed formula
Question Any imbalance in input-output relation in any incentive
payment scheme can result in :-
Answer Tension , Lower productivity , More absenteeism
Question A worker produces 50 units a week of 06 days and piece rate
is Rs.2/- per piece. Then his earning will be :-
Answer Rs.100/-
Question ________ are also aid to executives a certain percentage of
the profits.
Answer Bonuses
Question Education expenses on employee's family members paid or
reimbursed by the employer are not taxable.
Answer False
Question In post IPO stage, dotcom company gives its employees :-
Answer Balanced total reward package
Question Payment to out workers is done on ________ basis.
Answer Monthly
Question Following are causes of idle time of labour pertaining to
administration :-
Answer Poor management , Management policy
Question In recent times, in addition to stock options, employees of
dotcom companies are demanding :-
Answer Cash bonus
Elements of good Wage Plan Two

Remuneration Employees

Wage Differentials Three categories

Mathematical tables Calculations

Question The scanlon plan of profit sharing gives utmost importance
to ________.
Answer Employee participation
Question Apart from salaries, IT employees are giving importance to
:-
Answer Company image , Job content , Job security
Question Article 43 reads: State shall endeavour to secure by
suitable legislation to all :-
Answer Agricultural workers , Industrial , Working in a living wage

Question The cost of time lost in setting a machine is treated as
indirect cost.
Answer False
Question The contemporary practice for enhancing organizational
growth involves focuses on internal and external factors such as :-
Answer Customer needs , Market trends , Costs
Question Wage differentials have a great ________ and social
significance.
Answer Economic
Question ________ is a source document for preparation of wage sheet.
Answer Attendance Register
Question In addition to the result of job analysis and wage survey
several other variables have to be given due consideration in establishing
:-
Answer Wage structure
Question Wage differentials have been classified into ________
categories.
Answer 3
Question Individuals from various level of the organisation have
different :-
Answer Life Style
Question ________ are assured of a stable amount of money.
Answer Employees
Question ________ provides benefits at the time of retirement/ death
/ following disability of worker.
Answer Deferred plan
Question Demand for a particular skill is high and supply is low,
compensation given is:-
Answer High
Question Employee's State Insurance Act, ________ is a pioneering
measure in the field of social insurance of our country.
Answer 1948
Question Bonus, as the incentive to managers is determined :-
Answer By formula , By discretion used in allocation of bonus
Question In developmental phase, the dotcom companies concentrate on
:-
Answer Building brand
Question Following are the forms of the cost of replacement :-
Answer Cost of advertisement for recruitment , Cost of conducting
interviews , Cost of interruption in production
Question Any other amenity or service excluded from the computation
of wages by a general or special order of appropriate Govt.
Answer False
Question Minimum wages are not to be fixed in an industry which
employs less then how many employees in the entire state?
Answer 1000
Question Remuneration paid for the service of the labour in
production is :-
Answer Wage
Question Profit sharing plans can be on :-
Answer Industry basis , Locality basis , Unit basis
Question Provident Funds can be of the following types :-
Answer Statutory Provident Fund , Recognised Provident Fund ,
Public Provident Fund
Question Direct labour cost varies in proportion to output of
production.
Answer False
Question Components of deductions in salary are :-
Answer E.S.I. , Housing loan installment.
Question Payment is done on the basis of units of output, incase of
________ workers.
Answer Piece

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Posted in: Compensation Management (Set-4)

Compensation Management - 10

  Question  
What is the main objective of the promoting Discount and finance house of
India (DFHI) ?
  Answer
Increasing transactions of money market assets
  Question  
A portfolio manager need not necessarily sell or purchase securities
separately for each client.
  Answer
False
  Question  
During the budget 2003 - 04, Finance Minister made some announcements which
he hopes will make investors think in terms of returning to stock market :-
  Answer
No capital gains tax on investment made in equity after 1/3/03 held for 1
year , Removal of income tax on dividends in the hands of receiver
  Question  
What is the time frame to submit a report to SEBI for acquisition
transactions arising out of firm allotment in public issues right issues
etc?
  Answer
21 days
  Question  
Who can buy or sell securities on containing the certificate of
registration?
  Answer
Underwriter , Merchant banker , Investment advisor
  Question  
Which company was responsible for spreading the equity culture in India ?
  Answer
Reliance Industries
  Question  
When is the share of the target company deemed to be frequently traded
  Answer
If the turnover in the preceding 6 months prior to the month in which PA is
made is m ore than 5%
  Question  
What are the facilities offered by NSDL?
  Answer
Enable surrender and withdrawal of securities to and from the depository ,
Maintain the investor's holdings in an electronic form , Effect settlement
of securities traded on exchanges
  Question  
What is a Point of sale terminal?
  Answer
Mechanism for collecting debit card payments
  Question  
What must be the quality of a good portfolio manager?
  Answer
Sound General knowledge , Analytical ability and marketing skills ,
Experience
  Question  
SEBI can investigate and inspect books of accounts and records of insiders.
  Answer
True
  Question  
The depository can legally transfer beneficial ownership.
  Answer
True
  Question  
The issue price for placement portion and net offer to public are not the
same.
  Answer
False
  Question  
What is Discretionary Portfolio management service ?
  Answer
Client gives his money for investment to the portfolio manager and leaves it
to him to make all the investment decisions.
  Question  
In case of a public issue by a listed company participation by promoters in
the proposed issues in excess of the required minimum percentage shall also
be looked in for a period of ________.
  Answer
1 year
  Question  
RBI has permitted all commercial banks, financial institutions and large
corporates to issue certificate of deposits.
  Answer
False
 Match The Following
Question
Correct Answer
Your Answer

Charge card
Form of plastic money
Form of plastic money

Warning Bulletin
Authenticity test
Authenticity test

Credit information company
SBI, HDFC bank
SBI, HDFC bank

Credit card issuing company
Visa/Master Card
Visa/Master Card

 
 Multiple Choice Single Answer
  Question  
A worker produces 50 units a week of 06 days and piece rate is Rs.2/- per
piece. Then his earning will be :-
  Answer
Rs.100/-
  Question  
Work study department is engaged in activities like determining :-
  Answer
Standard procedure
  Question  
Better production planning & control is facilitated through :-
  Answer
Job cards.
  Question  
If an employee pays fees for attending some management course, the fees can
be allowed for deduction from salary income.
  Answer
False
  Question  
For adequate and effective internal check on disbursement of wages, these
factors are important :-
  Answer
Proper time recording , Proper record of output by workers , Well-defined
terms of remuneration and incentive schemes
Question
Correct Answer
Your Answer

Good compensation system
Avoid exploitation
Higher skills

High demand & Low supply
High compensation
Long working hours

Equal work
Equal pay
Equal pay

Unskilled worker
Lower compensation
Lower compensation

 
 Multiple Choice Single Answer
  Question  
Indirect compensation mainly acts as :-
  Answer
Maintenance factor
  Question  
In graduated time rates system, if basic salary is Rs.2000 and dearness
allowance is 150% then total remuneration will be :-
  Answer
Rs.5000/-
  Question  
Source documents for preparations of wages are :-
  Answer
Daily time sheet , Weekly time sheet. , Attendance register.
  Question  
Wages of inspector at a particular point of production comes under :-
  Answer
Direct labour cost.
  Question  
Production bonus is calculated on the basis of output norms decided through
:-
  Answer
Job analysis , Time studies
  Question  
Profit sharing, as an incentive plan, realizes these advantages :-
  Answer
Higher profits , Increased efficiency , Climate for better employee
relations
  Question  
________ is financial / quantitative statement prepared & approved prior to
a period of time.
  Answer
Budget
Question
Correct Answer
Your Answer

Idle time due to tea breaks
Direct costs
Direct costs

Basic Salary
Gross Earning
Gross Earning

Professional Tax
Deductions
Deductions

Overtime due to general pressure of work
Indirect costs.
Indirect costs.

 
 True/False
  Question  
Indirect labour cost are distributed on a basis of suitable proportion.
  Answer
True
  Question  
If the rent paid by employee for his accommodation is equal to or more than
the value of rent-free house, the value of the concession in rent is 'NIL'.
  Answer
True
  Question  
________ provides benefits at the time of retirement/ death / following
disability of worker.
  Answer
Deferred plan
  Question  
Equal remuneration Act, 1976 discriminates on the ground of sex against
women in the matter of employment.
  Answer
False
  Question  
By using straight piece rate system of compensation output :-
  Answer
Increases
  Question  
Gradewise flat allowances are also being considered generally except where
tax exemption benefit are still available.
  Answer
True
  Question  
Incentive schemes should be installed right from beginning of production.
  Answer
False
  Question  
Wage differentials have been classified into ________ categories.
  Answer
3
  Question  
________ refers to compensation programmes that allow employees to choose
the type and quantity of reward desired by him during the year.
  Answer
Cafeteria style compensation
  Question  
Demerits of time rate system at ordinary level are :-
  Answer
No distinction between efficient and inefficient workers at regards output ,
Increase the cost of production in case of low productivity
  Question  
Employees are paid incentives on 'Time' basis if :-
  Answer
Units of output are difficult to measure , Delays in work are frequent ,
Quality is prime consideration
  Question  
Economic system does result in the concentration of wealth.
  Answer
False
  Question  
With about 2-5 years of experience, an employee can move upto manager level
from executive level in IT industry.
  Answer
True
  Question  
Salary is still the only or chief motivator for IT employees.
  Answer
False
  Question  
Group incentive system is more widely prevalent in the Indian industry than
the system of individual incentive.
  Answer
True
  Question  
To minimize disparity in wages & levels, following act is passed :-
  Answer
Minimum wages Act
  Question  
Provident Funds can be of the following types :-
  Answer
Statutory Provident Fund , Recognised Provident Fund , Public Provident Fund

  Question  
Prevailing market rate is also known as :-
  Answer
Comparable wage
  Question  
Carpenters engaged in cutting of wood in a furniture making shop is an
example of :-
  Answer
Direct labour
  Question  
During the research it was found that in certain cities prevailing wage rate
are ________where as organizational ability to pay is more.
  Answer
Very low
  Question  
Documents used for wage analysis are :-
  Answer
Job cards , Wage sheets
  Question  
The contemporary practice for enhancing organizational growth involves
focuses on internal and external factors such as :-
  Answer
Customer needs , Market trends , Costs
  Question  
For higher management, ________ are influenced by the size of a company,
specific industry and the process of decision making.
  Answer
Salaries
  Question  
Cost of time spent on conducting interviews & selecting a candidate for
________ is called Replacement cost.
  Answer
Replacement
  Question  
Job cluster is defined as the stable group of :-
  Answer
Job Classification
  Question  
If the idle time is controllable and normal, its cost is treated as ________
cost.
  Answer
Indirect
  Question  
Overtime payment given to the worker for completing work before scheduled
date art the instruction of buyer is treated as ________ cost
  Answer
Direct
  Question  
Differential piece rate system is suitable where :-
  Answer
Fixed costs are higher in proportion to veriable cost , It is possible to
count production accurately , There are standardised methods of production
  Question  
The approach of managerial / executive staff towards the perquisites has
changed since last :-
  Answer
10 years , 9 years , 8 years
  Question  
Casual workers comes under ________ class of workers.
  Answer
Unskilled
  Question  
Monetary incentive plans result in :-
  Answer
Greater output per man-hour , Lower unit cost , Higher wages
  Question  
Payment is done on the basis of units of output, incase of ________ workers.
  Answer
Piece
  Question  
If classification system is used, the jobs are already categorized into
grade or :-
  Answer
Class
  Question  
The approach of managerial / executive staff towards the perquisites has
changed since last :-
  Answer
8 years , 10 years , 9 years
  Question  
According to the thinking and beliefs of these young persons, the major need
filled by marriage is biological and this can be easily satisfied out of :-
  Answer
Wedlock
  Question  
At germination stage, to attract and retain talent, dotcom companies offer :
  Answer
Stock option
  Question  
In Payroll process, a Journal entry is treated as Control entry to :-
  Answer
Book deductions effected during the month , Book expenses for the month on
account of payroll , Make remittances to respective authorities
  Question  
When a dotcom company starts earning profits, promoters are focused on the
launch of:-
  Answer
IPO

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Posted in: Compensation Management (Set-4)