Which of the following is not an internal factor affecting the wage and salary administration

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Chapter 14

Multiple Choice Questions

This activity contains 17 questions.

	Providing equal pay for jobs of equal nature based on job evaluation ensures _______ in compensation administration.   external equity internal equity neutrality None of the above

	Payment of cash rewards for the work extracted from the employee is normally called   direct compensation indirect compensation non-monetary compensation None of the above

	Which of the following is the fixed component in compensation packages?   Profit-sharing Base salary Gain-sharing Equity stock options

	Insurance schemes, retirement benefits and leave travel concession are examples of   indirect monetary compensation direct monetary compensation non-monetary compensation None of the above

	Ensuring a fair balance between an employee’s contributions to the job and the rewards received in return from that job is the essence of   equity theory expectancy theory agency theory contingency theory

	Which of the following theory states that the employees work hard in the job only when they are sure of positive outcomes from that job?   Equity theory Expectancy theory Agency theory Contingency theory

	Managers never own complete responsibility for the all the decisions made by them since they are not the owners of the business is the assumption of   equity theory expectancy theory agency theory contingency theory

	Wages which are usually positioned above the minimum wages but below the living wages are described as   real wages fair wages minimum wages living wages

	_______ ensure that the employees get an income which is sufficient for meeting their present and future necessities and contingencies.   Real wages Minimum wages Living wages None of the above

	Wages usually adjusted for the prevailing rate of inflation is called   real wages fair wages minimum wages living wages

	When there are several pay grades in a pay structure, it is called   traditional pay structure broad-graded structure job family structure None of the above

	Which of the following factors is not an external influencing factor in wages and salary administration?   Cost of living Labour legislations Labour market conditions Ability to pay

	Which of the following factors is not an external influencing factor in wages and salary administration?   Capacity of the organization to pay Corporate policies and philosophy Performance evaluation report None of the above

	Which of the following is not an objective of executive compensation plans?   Separating ownership interest and controlling interest Enhancing employee motivation, involvement and commitment Promoting managerial efficiency Attracting and retaining the best executives

	Provision for cars, parking lots and membership in country club are examples of   base salary of executives short-term incentive plans executive perks None of the above

	Stock option and performance shares are examples of   base salary short-term incentive plan long-term incentive plan All of the above

	Performance-based annual bonuses are an example of   base salary short-term incentive plan long-term incentive plan All of the above

Which internal factors influence the wage and salary administration?

What are the 4 factors that affect wages?

Which of the following factors is not an external influencing factors in wage and salary?

Which of the following factors does not affect the wages?