MCQ Bank
In which method of job evaluation the grades are created by identifying some common denominators for group of jobs .
- A) Point method
- B) Job classification
- C) Factor comparison
- D) Ranking
Which one of following is an example of legally required benefits?
- A) Unemployment Compensation
- B) payment for time not worked
- C) Health and security benefits
- D) Premium pay
Which of the following is not a factor among the Six Criteria for performance value?
- A) Timeliness
- B) Behavior
- C) Quantity
- D) Quality
If an individual pursues personal plans and ignores the plans of the organization, which of the following would suffer?
- A) Corporate Wide Plans
- B) Plant Wide Plans
- C) Individual Based Plans
- D) Team Based Plans
Which one of the following is NOT a feature of 'Scanlon plan'?
- A) A sharing of ideas & issues
- B) A philosophy of cooperation
- C) An involvement system
- D) An emphasis on individual achievement
Which of the following is an incentive plan that rewards employees for exceeding a predetermined goal by sharing the extra profits?
- A) Piece-work plan
- B) Variable pay plan
- C) Scanlon plan
- D) Gainsharing plan
A plan of payment that refers to the payment on the basis of performance of the whole organization rather than a department is called:
- A) Team based plans
- B) Plant wide plans
- C) Group based plans
- D) Corporate wide plans
For an organization to succeed, its employees and management must create a harmony between the individual plans and ________.
- A) Corporate Wide Plans
- B) Plant Wide Plans
- C) Team Based Plans
- D) Individual Based Plans
What type of pay plan is used when a worker is being paid for the number of units produced?
- A) Bonus pay
- B) Job pay
- C) Piecework pay
- D) Competency pay
Which one of the following pay plans is used by an organization when a worker is being paid for the number of units produced?
- A) Job pay
- B) Piecework pay
- C) Competency pay
- D) Bonus pay
A plan of payment that refers to the payment on the basis of section or department of a particular organization is called:
- A) Team based plans
- B) Plant wide plans
- C) Corporate wide plans
- D) Group based plans
The compensation philosophy; "higher pay for higher contribution" is known as:
- A) Seniority-based pay
- B) Skilled-base pay
- C) Merit-based pay
- D) Competency-based pay
An organization XYZ offers lucrative salaries to its employees and excellent working conditions but follows dictatorial sort of leadership where credit goes to the boss only. People leave this organization because of:
- A) Compensation
- B) Limited Recognition and praise
- C) Limited authority
- D) Working load
Which of the following is a factor among the Six Criteria for the value of Performance?
- A) Need for Job Satisfaction
- B) Need for supervision
- C) Need for motivation
- D) Need for coordination
A firm that wants to minimize the impact of free riders among the employees of its teams should better adopt:
- A) Team Based Plans
- B) Plant Wide Plans
- C) Individual Based Plans
- D) Corporate Wide Plans
How money is perceived by employees as a part of their compensation?
- A) Money enhances management’s influence
- B) Money motivates employees
- C) Money makes effective evaluations
- D) Money empowers employees