Hey buddy I’m looking for the Compensation Strategies and Practices MCQs which come under MBA program so that you can have idea about it?

Ya sure buddy I will help you here to get the Compensation Strategies and Practices MCQs for MBA so that you can have idea.

Here are the MCQ question

MCQ The compensation quartile strategy in which 75% of employers pays below than market and remaining 25% pays compensations higher than market is called

forth quartile strategy
third quartile strategy
second quartile strategy
first quartile strategy

MCQ The concept in which the whole or part of yearly pay increase is paid as single payment is called

consumer price index adjustment
lump sum increase
cost of living adjustment
all of above

MCQ The factors such as earnings level, discretionary authority and percentage of time spent time in manual work are factors that must be held to define

overtime pay status
exempt status
non-exempt status
distributive status

MCQ The perceived fairness between what person receives and what person did is classified as

procedural justice
distributive justice
recency justice
equity

MCQ The key issues related to internal equity are

distributive justice
procedural justice
primacy justice
both a and b

MCQ The collection of data consisting compensation rates of all the workers who performs similar jobs in other organizations classified as

KSA survey
pay survey
job survey
skills survey

MCQ The basic compensations given to employees as salaries or wages are called

base pay
wages
variable pay
salaries

MCQ According to total rewards approach, the variable pay of the employee is

added into base pay
subtracted from base pay
multiplied to base pay
divided to base pay

MCQ The systematic way of determining the worth of all the jobs within any organization is called

compensable evaluation
job evaluation
benchmark job
job promotion structure

MCQ The employee who is paid more than the specified range for the job is classified as

green circled employee
red circled employee
blue circled employee
white circled employee

MCQ Considering the non-exempt status of employees, the employees to whom overtime must be paid according to FLS act are classified as

salaried exempt
salaried non-exempt
hourly pay employees
clerical level employees

MCQ The ratio in which the pay level is divided by the pay range midpoint is classified as

primacy ratio
regression ratio
matrix ratio
compa-ratio

MCQ The factors must be considered to price the jobs in any organization includes

job importance
difficulty of job
skills and abilities required
all of above

MCQ The analysis of job such as job specification and job description leads to

job evaluation
garnishment laws
pay surveys
both a and c

MCQ The time spent in organization while performing the particular job is classified as

seniority
career maturity
career equity
non equity

MCQ The outcomes of competency based system such as improved and higher employee satisfaction and commitment are classified as

quartile strategy based outcome
organization-related outcomes
employee-related outcomes


MCQ The situation in organization in which differences of individual pay with different level of performance becomes small is classified as

pay compression
grade compression
equity compression
matrix compression


MCQ The factors that are common in group of jobs and are used to identify the value of job are called

primacy factors
exemption factors
compensable factors
equity factors

MCQ The tangible components of compensation programs usually designed by the organization consists of

indirect compensation
recency compensation
direct compensation
both a and c

MCQ The graph which shows the relationship between job value which is determined rates of pay survey and job evaluation points is classified as

market line
pay line
regression line
pay structure line