Compensation Strategies and Practices Multiple Choice Questions Test 1 pdf Download

Practice MBA HRM test 1 with MCQ on compensation system design online for learning. Practice compensation strategies and practices multiple choice questions (MCQ) on compensation system design, pay increase issues, pay systems legal constraints, pay fairness perceptions,. Free study guide has answering options third quartile strategy, forth quartile strategy, second quartile strategy and first quartile strategy of multiple choice questions (MCQ) 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. Study to learn compensation system design quiz questions to practice MCQ based online exam preparation test.

MCQ on Compensation Strategies and Practices - Test 1

MCQ. 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. Concept in which 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. 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. 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. Key issues related to internal equity are

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

D

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