Compensation Strategies and Practices Multiple Choice Questions 1 PDF Download

Practice compensation strategies and practices multiple choice questions (MCQs), HRM test 1 for online course prep exams. Learn compensation system design MCQs questions and answers on compensation system design, pay increase issues, pay systems legal constraints, pay fairness perceptions with answers.

Free compensation strategies and practices quiz online, study guide has multiple choice question on compensation quartile strategy in which 75% of employers pays below than market and remaining 25% pays compensations higher than market is called with options third quartile strategy, forth quartile strategy, second quartile strategy and first quartile strategy to test online e-learning skills for viva exam prep and job's interview questions with answers key. Study to learn compensation system design quiz questions with online learning MCQs for competitive exam preparation test. Compensation System Design Video

MCQ on Compensation Strategies and Practices Quiz PDF Download Test 1

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

  1. forth quartile strategy
  2. third quartile strategy
  3. second quartile strategy
  4. first quartile strategy

B

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

  1. consumer price index adjustment
  2. lump sum increase
  3. cost of living adjustment
  4. all of above

D

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

  1. overtime pay status
  2. exempt status
  3. non-exempt status
  4. distributive status

C

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

  1. procedural justice
  2. distributive justice
  3. recency justice
  4. equity

D

MCQ. The key issues related to internal equity are

  1. distributive justice
  2. procedural justice
  3. primacy justice
  4. both a and b

D