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Monday, November 21, 2011

Compensation Management Quiz - 1

1. Any other amenity or service excluded from the computation of wages by a general or special order of appropriate Govt.
[A]TRUE
[B]FALSE



2. Compensation given to an employee on termination or dismissal is considered as Salary Income.
[A]TRUE
[B]FALSE



3. Direct labour costs are included in cost of production of each unit.
[A]TRUE
[B]FALSE



4. E.S.I. Act does make a distinction between technical and non-technical employees.
[A]TRUE
[B]FALSE



5. Economic system does result in the concentration of wealth.
[A]TRUE
[B]FALSE



6. Employer's contribution to Superannuation Fund is taxable.
[A]TRUE
[B]FALSE



7. Group incentive system is more widely prevalent in the Indian industry than the system of individual incentive.
[A]TRUE
[B]FALSE



8. House rent allowance paid to a employee residing in his own house is not exempt from tax.
[A]TRUE
[B]FALSE



9. If an employee pays fees for attending some management course, the fees can be allowed for deduction from salary income.
[A]TRUE
[B]FALSE



10. If the car is used for office duty, only the value of the use of motor car is taken as 'NIL'.
[A]TRUE
[B]FALSE



11. If the rent paid by employee for his accommodation is equal to or more than the value of rent-free house, the value of the concession in rent is 'NIL'.
[A]TRUE
[B]FALSE



12. If workers do not understand relationship between performance and rewards, incentive plans cannot motivate workers.
[A]TRUE
[B]FALSE



13. In case of construction work / transportation / bidi rolling businesses, internal check of disbursement of payment to workers is very important.
[A]TRUE
[B]FALSE



14. In piece rate & time rate combination, if payment is calculated on the basis of piece rate guaranteed and if number of pieces fall below the minimum wages guaranteed, he is paid by time rate (T).
[A]TRUE
[B]FALSE



15. Incentive schemes should be installed right from beginning of production.
[A]TRUE
[B]FALSE



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