Deck 5: Equity Theory, Stakeholders, Remuneration, and Training Methods: A Comprehensive Study of Organizational Dynamics

Question 1

Which are the three types of equities mentioned in the equity theory?

A)internal
B)external
C)individual
D)all of the above

Answer 1

all of the above

Question 2

_____ involves the perceived fairness of pay differentials.

A)external equity
B)individual equity
C)internal equity
D)all of the above

Answer 2

internal equity

Question 3

Who are the two main stakeholders in an organisation?

A)ceo and top management
B)employers and employees
C)executives and owners
D)none of the above

Answer 3

employers and employees

Question 4

Which of these is an internal factor influencing remuneration?

A)business strategy
B)cost of living
C)legislations
D)society

Question 5

Which of the following is a challenge mentioned in remuneration?

A)employee participation
B)pay secrecy
C)comparable worth
D)all of the above

Question 6

Under which conditions does skill - based pay system work well?

A)employee turnover is relatively high
B)to set minimum wages for workers whose bargaining position is weak
C)to abolish malpractices and abuses in wage and salary payments
D)none of the above

Question 7

Which of the wage concept is higher than fair wage?

A)minimum wage
B)living wage
C)team based pay
D)none of the above

Question 8

Effective supervision is an activity of

A)organization function
B)staffing function
C)control function
D)direction function

Question 9

Off the Job Training Method consists

A)role playing method
B)case study method
C)programmed training
D)all of the above

Question 10

Which is the Human Relation Policy?

A)open communication
B)common interest
C)mutual acceptance
D)all of the above

Question 11

In job-evaluation the Key Jobs are designated as ones

A)which are more in number in the organisation.
B)which are most important for the survival of the organisation
C)which are most secure
D)all of the above

Question 12

---------- is the process of deciding how to fill the company's most important executive positions.

A)succession planning
B)organisational restructuring
C)self directed teams
D)corporate downsizing

Question 13

Compensation can be _____ benefits.

A)monetary
B)non-monetary
C)both 'a' and 'b'
D)none of the above

Question 14

______ are also called 'payments by results'.

A)allowances
B)claims
C)incentives
D)fringe benefits

Question 15

Incentives depends upon

A)productivity
B)sales
C)profits
D)all of the above

Question 16

The following is paid only at the time of employees exit after serving more than five years.

A)perquisites
B)claims
C)gratuity
D)allowances

Question 17

The following is a perquisites.

A)club membership
B)provident fund
C)medical allowance
D)group insurance

Question 18

'A behaviour which has rewarding experience is likely to be repeated' is postulated by

A)reinforcement and expectancy theory
B)equity theory
C)agency theory
D)none of the above

Question 19

'A fair day work for fair day pay' denotes a sense of _______ felt by employees.

A)responsibility
B)equity
C)happiness
D)respect

Question 20

The remuneration system needs to meet the following type(s) of equity.

A)internal
B)external
C)individual
D)all of the above

Question 21

Which of the following factor influence(s) employee compensation?

A)labour market
B)cost of living
C)labour unions
D)all of the above

Question 22

Any compensation plan must be

A)understandable, workable, acceptable
B)reasonable, workable, acceptable
C)understandable, feasible, acceptable
D)understandable, workable, compensable

Question 23

The following is not a part of remuneration model

A)job description
B)job evaluation
C)job hierarchy
D)job analysis

Question 24

Elitist remuneration systems are prevalent among

A)well established firms
B)companies with mature products
C)companies with limited competition
D)all of the above