Pay Increase Issues Multiple Choice Questions (MCQ) PDF Download

MCQ 1: 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 the above

MCQ 2: The ratio in which the pay level is divided by the pay range midpoint is classified as

1. primacy ratio
2. regression ratio
3. matrix ratio
4. Compa-ratio

MCQ 3: The time spent in organization while performing the particular job is classified as

1. seniority
2. career maturity
3. career equity
4. non-equity

MCQ 4: The curve which is used to represent relationship between pay rate and experience is classified as

1. equity curve
2. maturity curve
3. experience curve
4. seniority curve

MCQ 5: If the mid-point is 20 and the current pay of an employee is $25 then the compa ratio is

1. 75
2. 225
3. 125
4. 25