Compensation Management Quiz - 2

1. Incentive schemes sometimes lead to jealousies and misunderstanding among the workers.
[A]TRUE
[B]FALSE



2. Indirect labour cost are distributed on a basis of suitable proportion.
[A]TRUE
[B]FALSE



3. Insurance of a worker is a part of gross salary.
[A]TRUE
[B]FALSE



4. IT jobs still remain the best paying jobs in the country.
[A]TRUE
[B]FALSE



5. Many companies have chosen some what shady reimbursement or perquisite in order to contain the overall cost in the assumption of being non taxable.
[A]TRUE
[B]FALSE



6. Performance standards & norms for incentive payments should be set up high for better results.
[A]TRUE
[B]FALSE



7. Rate of change in the working force of an organization during a period of time is known as employee turnover.
[A]TRUE
[B]FALSE



8. Salary is still the only or chief motivator for IT employees.
[A]TRUE
[B]FALSE



9. Surprise check on calculation & disbursement of payments is necessary to avoid any fraud.
[A]TRUE
[B]FALSE



10. Taylor differential piece rate system is difficult to understand and implement.
[A]TRUE
[B]FALSE



11. Taylor differential piece rate system is suitable for large scale production.
[A]TRUE
[B]FALSE



12. The cost of living pay criterion is usually regarded as an automatic minimum equity pay criterion
[A]TRUE
[B]FALSE



13. The cost of time lost in strikes is charged to Profit & Loss Account.
[A]TRUE
[B]FALSE



14. The payment of profit sharing plan is of uncertain nature because of uncertainty of profits to the company.
[A]TRUE
[B]FALSE



15. The Scanlon plan of profit sharing is more effective where no of participants is more than 1000.
[A]TRUE
[B]FALSE