Establishing Strategic Pay Plans MCQs

Option A: tension is created

Option B: person is more motivated

Option C: person is less motivated

Option D: person is never motivated

Correct Answer: tension is created ✔

Option A: jobs of equal difficulty

Option B: jobs of equal pay

Option C: jobs of equal incentives

Option D: jobs of equal skills

Correct Answer: jobs of equal difficulty ✔

Option A: time based pay

Option B: performance based pay

Option C: extra bonuses

Option D: discount on fares

Correct Answer: time based pay ✔

Option A: comparable worth

Option B: incomparable worth

Option C: definable worth

Option D: indefinable worth

Correct Answer: comparable worth ✔

Option A: classes

Option B: rank jobs

Option C: grades

Option D: rows

Correct Answer: rank jobs ✔

Option A: individual equity

Option B: pay rate equity

Option C: collective equity

Option D: procedural equity

Correct Answer: individual equity ✔

Option A: pay ranges

Option B: grade scales

Option C: group of similar jobs

Option D: tuning pay rates

Correct Answer: pay ranges ✔

Option A: procedural equity

Option B: pay rate equity

Option C: primary equity

Option D: individual equity

Correct Answer: procedural equity ✔

Option A: external equity

Option B: internal equity

Option C: individual equity

Option D: all of above

Correct Answer: all of above ✔

Option A: direct financial payments

Option B: indirect financial payments

Option C: compensations

Option D: counseling

Correct Answer: direct financial payments ✔

Option A: individual equity

Option B: pay rate equity

Option C: collective equity

Option D: procedural equity

Correct Answer: individual equity ✔

Option A: employee performance and competencies

Option B: company growth and market share

Option C: employee skills and creativity

Option D: pay for knowledge

Correct Answer: employee performance and competencies ✔

Option A: point method

Option B: factor comparison

Option C: job classification

Option D: alternation ranking method

Correct Answer: point method ✔

Option A: pay ranges

Option B: grade ranges

Option C: similar jobs grades

Option D: anchoring pay ratings

Correct Answer: pay ranges ✔

Option A: internal equity

Option B: external equity

Option C: collective equity

Option D: individual equity

Correct Answer: external equity ✔

Option A: external equity

Option B: collective equity

Option C: individual equity

Option D: internal equity

Correct Answer: internal equity ✔

Option A: point method

Option B: job grading

Option C: factor comparison method

Option D: alternation ranking method

Correct Answer: factor comparison method ✔

Option A: under paid

Option B: over paid

Option C: regularly paid

Option D: non paid internees

Correct Answer: under paid ✔

Option A: selection of compensable factors

Option B: selection of intuitive factors

Option C: selection of logical factors

Option D: selection of comprehensive factors

Correct Answer: selection of compensable factors ✔

Option A: direct pay

Option B: indirect pay

Option C: compensation

Option D: direct recruitment

Correct Answer: direct pay ✔

Option A: compensable factors

Option B: intuitive factors

Option C: logical factors

Option D: comprehensive factors

Correct Answer: compensable factors ✔

Option A: broad banding

Option B: less branding

Option C: competency model

Option D: skill based pay model

Correct Answer: broad banding ✔

Option A: point method

Option B: factor comparison method

Option C: graphical evaluation

Option D: none of above

Correct Answer: none of above ✔

Option A: the job itself

Option B: the qualification only

Option C: the skills and knowledge only

Option D: the training completed only

Correct Answer: the job itself ✔

Option A: combine ratings

Option B: rank jobs

Option C: selecting compensable factors

Option D: select and group jobs

Correct Answer: select and group jobs ✔

Option A: point method

Option B: job classification

Option C: alternative ranking method

Option D: aligned reward strategy

Correct Answer: job classification ✔

Option A: classes

Option B: grades

Option C: rows

Option D: columns

Correct Answer: classes ✔

Option A: problem solving

Option B: creativity

Option C: technical knowledge and expertise

Option D: all of above

Correct Answer: all of above ✔

Option A: creativity

Option B: problem solving

Option C: training

Option D: Both A and B

Correct Answer: Both A and B ✔

Option A: salary

Option B: bonuses

Option C: commissions

Option D: stock options for employees

Correct Answer: salary ✔

Option A: benchmark jobs

Option B: salary survey

Option C: permanent job

Option D: temporary job

Correct Answer: benchmark jobs ✔

Option A: logical factors

Option B: comprehensive factors

Option C: compensable factors

Option D: intuitive factors

Correct Answer: compensable factors ✔

Option A: job description

Option B: job specification

Option C: job evaluation

Option D: job analysis

Correct Answer: job evaluation ✔

Option A: secondary equity

Option B: collective equity

Option C: primary equity

Option D: individual equity

Correct Answer: individual equity ✔

Option A: direct financial payments

Option B: indirect financial payments

Option C: paid bonuses

Option D: Both A and B

Correct Answer: Both A and B ✔

Option A: equity theory of motivation

Option B: equity theory of salaries

Option C: equity theory of wages

Option D: equity theory of compression

Correct Answer: equity theory of motivation ✔

Option A: HR strategy

Option B: performance appraisal

Option C: aligned reward strategy

Option D: aligned compensating strategy

Correct Answer: aligned reward strategy ✔

Option A: long-term incentives

Option B: short-term benefits

Option C: executive perks

Option D: job ranking

Correct Answer: executive perks ✔

Option A: job complexity

Option B: complexity in hiring

Option C: complexity in training

Option D: complexity in recruitment

Correct Answer: job complexity ✔

Option A: salary compression

Option B: incentive compression

Option C: aligned reward strategy

Option D: bonuses compression

Correct Answer: salary compression ✔

Option A: external equity

Option B: primary equity

Option C: secondary equity

Option D: collective equity

Correct Answer: external equity ✔

Option A: long-term incentives

Option B: short-term incentives

Option C: pay scale

Option D: ranking jobs

Correct Answer: short-term incentives ✔

Option A: company size

Option B: company performance

Option C: company internal equity

Option D: both A and B

Correct Answer: both A and B ✔

Option A: skills

Option B: efforts and responsibility

Option C: working conditions

Option D: all of above

Correct Answer: all of above ✔

Option A: focal reviews

Option B: unvocal reviews

Option C: vocal reviews

Option D: local reviews

Correct Answer: focal reviews ✔

Option A: pay plan based on knowledge

Option B: pay plan based on skills

Option C: pay plan based on tenure

Option D: pay plan based on performance

Correct Answer: pay plan based on skills ✔

Option A: competency based pay

Option B: time based pay

Option C: internship based salary

Option D: training based pay

Correct Answer: competency based pay ✔

Option A: internal equity

Option B: external equity

Option C: procedural equity

Option D: all of above

Correct Answer: all of above ✔

Option A: internal equity

Option B: external equity

Option C: procedural equity

Option D: collective equity

Correct Answer: internal equity ✔

Option A: monetary funds

Option B: interest rate

Option C: inflation

Option D: deflation

Correct Answer: inflation ✔

Option A: rank jobs

Option B: grades

Option C: classes

Option D: columns

Correct Answer: grades ✔

Option A: performance management process

Option B: high performance work system

Option C: less performance work system

Option D: quantitative job evaluation

Correct Answer: performance management process ✔

Option A: primary data

Option B: secondary data

Option C: collective equity

Option D: both A and B

Correct Answer: both A and B ✔

Option A: combining ratings

Option B: ranking jobs

Option C: selection of compensable factors

Option D: grouping jobs

Correct Answer: combining ratings ✔

Option A: external equity

Option B: internal equity

Option C: compensating equity

Option D: collective equity

Correct Answer: external equity ✔

Option A: collective equity

Option B: primary equity

Option C: secondary equity

Option D: internal equity

Correct Answer: internal equity ✔

Option A: rank jobs

Option B: grades

Option C: classes

Option D: columns

Correct Answer: classes ✔

Option A: job specification

Option B: job description

Option C: job evaluation

Option D: employee training

Correct Answer: job evaluation ✔

Option A: direct financial payments

Option B: payroll

Option C: counseling

Option D: indirect financial payments

Correct Answer: direct financial payments ✔

Option A: time based pay

Option B: performance based pay

Option C: bonuses

Option D: promotion

Correct Answer: performance based pay ✔

Option A: classifying jobs

Option B: grading jobs

Option C: ranking jobs

Option D: none of above

Correct Answer: none of above ✔

Option A: person oriented

Option B: job oriented

Option C: tenure oriented

Option D: evaluation oriented

Correct Answer: person oriented ✔

Option A: salary survey

Option B: market survey

Option C: equity survey

Option D: HR survey

Correct Answer: salary survey ✔

Option A: job evaluation

Option B: job grading

Option C: pay grading

Option D: job ranking

Correct Answer: job evaluation ✔

Option A: direct financial payments

Option B: salary increments

Option C: paid counseling

Option D: non direct financial payment

Correct Answer: non direct financial payment ✔

Option A: working capital

Option B: human capital

Option C: compensation capital

Option D: size of working capital

Correct Answer: human capital ✔

Option A: point method

Option B: job classification

Option C: job grading

Option D: aligned reward strategy

Correct Answer: job grading ✔

Option A: competencies

Option B: job description

Option C: job specification

Option D: job evaluation

Correct Answer: competencies ✔

Option A: base pay

Option B: long-term

Option C: executive benefits

Option D: all of above

Correct Answer: all of above ✔

Option A: long-term shareholder value

Option B: calculating stock value

Option C: calculating return on investment

Option D: calculating working capital

Correct Answer: long-term shareholder value ✔

Option A: mission

Option B: vision

Option C: strategic goals

Option D: compensation strategy

Correct Answer: strategic goals ✔

Option A: alternation ranking method

Option B: point method

Option C: ranking method

Option D: job classification

Correct Answer: alternation ranking method ✔

Option A: short-term of shareholder value

Option B: long-term shareholder value

Option C: economic value added

Option D: managerial job evaluation

Correct Answer: short-term of shareholder value ✔

Option A: time based pay

Option B: performance based pay

Option C: bonuses

Option D: salary incentives

Correct Answer: performance based pay ✔

Option A: HR strategy

Option B: performance appraisal

Option C: aligned reward strategy

Option D: aligned compensating strategy

Correct Answer: aligned reward strategy ✔

Option A: pay plan based on knowledge

Option B: pay plan based on title of job

Option C: pay plan based on tenure

Option D: pay plan based on performance

Correct Answer: pay plan based on knowledge ✔

Option A: employer’s ability to pay

Option B: employer’s ability to hire

Option C: employer’s ability to train employees

Option D: employer’s ability to grow

Correct Answer: A. employer’s ability to pay ✔

Option A: job classification

Option B: job evaluation method

Option C: job ranking technique

Option D: pay ranges

Correct Answer: pay ranges ✔

Option A: skills

Option B: efforts and responsibility

Option C: knowledge

Option D: accountability

Correct Answer: accountability ✔

Option A: group similar jobs

Option B: price each pay grade

Option C: fine tune pay rates

Option D: determining the worth of each job

Correct Answer: group similar jobs ✔

Option A: working capital

Option B: human capital

Option C: compensation capital

Option D: size of working capital

Correct Answer: human capital ✔

Option A: intuitive approaches

Option B: systematic approaches

Option C: mathematical approaches

Option D: logical approaches

Correct Answer: intuitive approaches ✔

Option A: job description

Option B: job specification

Option C: job evaluation

Option D: ranking method

Correct Answer: ranking method ✔

Option A: internal equity

Option B: external equity

Option C: collective equity

Option D: individual equity

Correct Answer: collective equity ✔

Option A: long-term incentives

Option B: short-term incentives

Option C: pay scale

Option D: ranking jobs

Correct Answer: long-term incentives ✔

Option A: base pay

Option B: short-term incentives

Option C: executive benefits

Option D: long-term incentives

Correct Answer: base pay ✔

Option A: direct financial payments

Option B: non direct financial payments

Option C: direct compensation

Option D: bonuses

Correct Answer: direct financial payments ✔

Option A: obtain job information

Option B: select and group jobs

Option C: select compensable factors

Option D: rank jobs

Correct Answer: obtain job information ✔

Option A: internal equity

Option B: external equity

Option C: procedural equity

Option D: salary survey

Correct Answer: salary survey ✔

Option A: select compensable factors

Option B: combine ratings

Option C: rank jobs

Option D: select and group jobs

Correct Answer: select and group jobs ✔

Option A: short-term of shareholder value

Option B: compensation of company executive

Option C: determination of stocks

Option D: determination of investment

Correct Answer: short-term of shareholder value ✔

Option A: getting job information

Option B: combining ratings

Option C: ranking jobs

Option D: selecting and grouping jobs

Correct Answer: selecting and grouping jobs ✔

Option A: person oriented

Option B: job oriented

Option C: tenure oriented

Option D: evaluation oriented

Correct Answer: job oriented ✔

Option A: pay based on company’s profit

Option B: pay based on company’s stocks

Option C: pay based on competency

Option D: pay based on time

Correct Answer: pay based on competency ✔

Option A: combine ratings

Option B: rank jobs

Option C: selecting compensable factors

Option D: grouping jobs

Correct Answer: grouping jobs ✔

Option A: basic pay

Option B: short-term benefits

Option C: executive perks

Option D: job ranking

Correct Answer: executive perks ✔

Option A: comparable worth

Option B: incomparable worth

Option C: definable worth

Option D: indefinable worth

Correct Answer: comparable worth ✔

Option A: increments based on time

Option B: increments based on piecework

Option C: increments based on overtime

Option D: increments based on occupations

Correct Answer: increments based on time ✔

Option A: non direct financial payment

Option B: direct financial payments

Option C: compensation

Option D: pension benefits

Correct Answer: direct financial payments ✔

Option A: classes

Option B: grades

Option C: rank jobs

Option D: combine ratings

Correct Answer: grades ✔