Compensation Multiple Choice Questions PDF

Summary

This document contains multiple-choice questions on compensation topics, including fixed pay, job evaluation, and compensation philosophy. The questions are suitable for students studying business or human resources management.

Full Transcript

**Multiple-choice questions:** 1. What is fixed pay also known as? A) Base pay B) Variable pay C) Commission D) Pay at risk A 2. What is the purpose of job evaluation? A) To determine employee performance B) To establish compensation programs C) To conduct market salary surveys D) To grou...

**Multiple-choice questions:** 1. What is fixed pay also known as? A) Base pay B) Variable pay C) Commission D) Pay at risk A 2. What is the purpose of job evaluation? A) To determine employee performance B) To establish compensation programs C) To conduct market salary surveys D) To group jobs into families B 3. What is the first step in determining an organization\'s compensation philosophy? A) Conducting a job analysis B) Setting salary ranges C) Determining the approach to compensation D) Grouping jobs into families C 4. Which method assigns numerical values to specific job components? A) Ranking method B) Classification method C) Point method D) Factor method C 5. What is the main difference between compensation and benefits? A) Compensation is monetary, benefits are not B) Compensation is non-monetary, benefits are monetary C) Compensation is for employees, benefits are for employers D) Compensation is fixed, benefits are variable A \+

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