Incentive Compensation Notes Questions with Answers PDF Download - 51

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

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

The addition of new responsibilities regarding management functions such as organizing, planning and evaluating to increase job depth is classified as

1. job validity
2. job reliability
3. job enrichment
4. job enlargement

The situation in which the disputes arose from the labor's contract and different interpretations are settled by third party is called

1. grievance conciliation
2. grievance procedures
3. grievance arbitration
4. grievance ratification

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

The process in which comparison of one's company outputs are made with the one of the best in the similar industry is classified as

1. primary ratio
2. secondary ratio
3. ternary ratio
4. benchmarking