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Management Sciences 5307 MCQs [All-Courses]

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Management Sciences focuses on the planning, organizing, leading, and controlling of resources to achieve organizational goals.This subject is highly important for competitive exams, academic study, and professional careers in the business and public sectors.

All Topics  5307

The situation in which senior employees’ salaries are lesser than recruited employees, called?
A salary compression
B incentive compression
C aligned reward strategy
D bonuses compression
Correct Answer: salary compression
The job’s pay rate in comparison with one’s own firm is an example of?
A external equity
B primary equity
C secondary equity
D collective equity
Correct Answer: external equity
The cash and stock bonuses for achieving short-term goals are included in?
A long-term incentives
B short-term incentives
C pay scale
D ranking jobs
Correct Answer: short-term incentives
The top managers’ salaries traditionally depend upon?
A company size
B company performance
C company internal equity
D both A and B
Correct Answer: both A and B
An ‘Equal Pay Act’ emphasizes compensable factors are such as?
A skills
B efforts and responsibility
C working conditions
D all of above
Correct Answer: all of above
A company manage, reviews employees performance and matches with the set standards are called?
A focal reviews
B unvocal reviews
C vocal reviews
D local reviews
Correct Answer: focal reviews
The workers with the manual jobs are mostly paid as?
A pay plan based on knowledge
B pay plan based on skills
C pay plan based on tenure
D pay plan based on performance
Correct Answer: pay plan based on skills
An employee’s salary paid for his skills and knowledge is called?
A competency based pay
B time based pay
C internship based salary
D training based pay
Correct Answer: competency based pay
The process of establishing the pay rates includes an ensuring is called?
A internal equity
B external equity
C procedural equity
D all of above
Correct Answer: all of above
The second step in pay rate establishment is to ensure the?
A internal equity
B external equity
C procedural equity
D collective equity
Correct Answer: internal equity
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