Compensation Strategies and Practices Multiple Choice Questions 1 PDF Download

Practice compensation strategies and practices multiple choice questions (MCQs), HRM test 1 online for exams. Practice 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 helping answer key with choices as third quartile strategy, forth quartile strategy, second quartile strategy and first quartile strategy of multiple choice questions as compensation quartile strategy in which 75% of employers pays below than market and remaining 25% pays compensations higher than market is called to test learning skills for viva exam preparation and job's interview questions. Study to learn compensation system design quiz questions to learn online 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