The document contains a self-assessment test with 10 multiple choice questions related to compensation and wages. The questions cover topics such as internal and external equity, wage surveys, compensation programs, employee stock options, job evaluation, payroll, wages as compensation, and rationalization of wages across sectors.
The document contains a self-assessment test with 10 multiple choice questions related to compensation and wages. The questions cover topics such as internal and external equity, wage surveys, compensation programs, employee stock options, job evaluation, payroll, wages as compensation, and rationalization of wages across sectors.
The document contains a self-assessment test with 10 multiple choice questions related to compensation and wages. The questions cover topics such as internal and external equity, wage surveys, compensation programs, employee stock options, job evaluation, payroll, wages as compensation, and rationalization of wages across sectors.
The document contains a self-assessment test with 10 multiple choice questions related to compensation and wages. The questions cover topics such as internal and external equity, wage surveys, compensation programs, employee stock options, job evaluation, payroll, wages as compensation, and rationalization of wages across sectors.
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Self Assessment 1.
Which of the following will imply that wage differentials are structured in such a way that they correspond to relative differences in job contents?
a. Internal equity b. External equity c. Rational equity d. Rationality of pay-packet
2. Which of the following is usually ensured by using the results of a wage and salary survey? a. Internal equity b. External equity c. Rational equity d. Rationality of pay-packet
3. Achieving an optimal wage and salary programme is an _____________ process. a. revolutionary
b. compensation c. evolutionary d. compulsory
4. In ______________ organisations, employee stock option plans are becoming increasingly
popular. a. software development b. automobile c. textile d. telecom
5. ______________ is a systematic method of evaluating each job in relation to other jobs in an
organisation. a. Job empowerment b. Job enlargement c. Job rotation d. Job evaluation
6. The term _______________ is used to mean employees’ gross earnings in the form of financial rewards and benefits as part of employment relationship. a. payroll b. wages c. compensation d. job evaluation
7. ___________ is the main instrument for ensuring the external equity. a. DA b. Incentives c. Bonus d. Wages 13/JNU OLE
8. _____________ of wages and incomes in different sectors and for different categories of employees can be attempted only as a part of an integrated policy on wages, incomes and prices. a. Compensation b. Rationalisation c. Inspection d. Evaluation
9. Every _________ wants rapid changes. a. employee b. organisation c. consumer d. manager
10. Wage supplements roughly contribute _________ per cent or more of the total wages in the industry. a. 20 to 25 b. 30 to 35 c. 40 to 45 d. 10 to 15.
ANSWERS: 1. a 2. b 3. c 4. a 5. d 6. c 7. d 8. b 9. b 10. a
