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MBA Human Resource Management MCQs – Practice Test 6 (Chapter 1)

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The "Compensation Strategies and Practices MCQ" App Download (iOS & Android): According to traditional compensation approach, the perks and bonuses are; MCQ with answers: for all employees, for ceo only, for executive only, and not for executives. Practice Managing Human Resources Quiz Questions, download Apple Book (Free Chapter) to strengthen leadership virtual effectiveness.

Compensation Strategies & Practices MCQ – Practice Test 6 PDF Download

MCQ 26: In an organization, the base pay is classified as being part of:

  1. direct compensation
  2. primacy compensation
  3. indirect compensation
  4. recency compensation

MCQ 27: According to traditional compensation approach, the perks and bonuses are:

  1. for CEO only
  2. for all employees
  3. for executive only
  4. not for executives

MCQ 28: 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 29: The procedure of using less and more broad pay grades than the traditional system of compensation is classified as:

  1. salary banding
  2. structure banding
  3. broad banding
  4. grade banding

MCQ 30: The compensation philosophy according to which the organization increase the salary of employees every year is called:

  1. primacy orientation philosophy
  2. entitlement orientation philosophy
  3. performance orientation philosophy
  4. recency orientation philosophy

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