Professional Documents
Culture Documents
True/False
Question
IT jobs still remain the best paying jobs in the country.
Correct Answer
True
Your Answer
True
True/False
Question
Within the factory group promotion is important.
Correct Answer
False
Your Answer
True
True/False
Question
Indirect labour cost forms a part of overheads.
Correct Answer
True
Your Answer
True
True/False
Question
Performance standards & norms for incentive payments should be set up high for better results.
Correct Answer
False
Your Answer
False
True/False
Question
To maintain best manpower in the organization, Management Incentive Plan based on the individual
performance is necessary.
Correct Answer
True
Your Answer
True
True/False
Question
Wage and salary administration should be controlled by some proper agency.
Correct Answer
True
Your Answer
False
True/False
Question
Contribution to the Provident Funds are made at certain rate or certain percentage of salary of employee,
only by the Employer.
Correct Answer
False
Your Answer
False
True/False
Question
Incentive schemes should be installed right from beginning of production.
Correct Answer
False
Your Answer
True
Compensation Management - 2
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
True/False
Question
Wage & salary are also subject to a variety of legislation & in this context, compliance with existing
legislative measure is very important.
Correct Answer
True
Your Answer
True
True/False
Question
Provident fund is component of gross earnings.
Correct Answer
False
Your Answer
True
True/False
Question
Incentive payments should be made at the end of fiscal year.
Correct Answer
False
Your Answer
False
True/False
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).
Correct Answer
True
Your Answer
True
True/False
Question
Equal remuneration Act, 1976 discriminates on the ground of sex against women in the matter of
employment.
Correct Answer
False
Your Answer
False
True/False
Question
Education expenses on employee's family members paid or reimbursed by the employer are not taxable.
Correct Answer
False
Your Answer
True
True/False
Question
Trade unions do affect rate of wages.
Correct Answer
True
Your Answer
False
True/False
Question
E.S.I. Act does make a distinction between technical and non-technical employees.
Correct Answer
False
Your Answer
True
True/False
Question
Wage & salary are also subject to a variety of legislation & in this context, compliance with existing
legislative measure is very important.
Correct Answer
True
Your Answer
True
True/False
Question
Taylor differential piece rate system is difficult to understand and implement.
Correct Answer
False
Your Answer
False
True/False
Question
The payment of profit sharing plan is of uncertain nature because of uncertainty of profits to the company.
Correct Answer
True
Your Answer
True
True/False
Question
Indirect labour cost are distributed on a basis of suitable proportion.
Correct Answer
True
Your Answer
True
True/False
Question
If an employee pays fees for attending some management course, the fees can be allowed for deduction
from salary income.
Correct Answer
False
Your Answer
True
True/False
Question
Any other amenity or service excluded from the computation of wages by a general or special order of
appropriate Govt.
Correct Answer
False
Your Answer
True
True/False
Question
Incentive schemes should be installed right from beginning of production.
Correct Answer
False
Your Answer
True
True/False
Question
Performance standards & norms for incentive payments should be set up high for better results.
Correct Answer
False
Your Answer
True
True/False
Question
Surprise check on calculation & disbursement of payments is necessary to avoid any fraud.
Correct Answer
True
Your Answer
True