All Free Management Sciences MCQs with Answers

• A. selecting and grouping jobs
• B. combining ratings
• C. ranking jobs
• D. getting job information

Explanation: When jobs are arranged or placed into clusters, the process is selecting and grouping jobs.

• A. person oriented
• B. job oriented
• C. tenure oriented
• D. evaluation oriented

Explanation: Traditional compensation systems attach pay mainly to the job's duties, responsibilities, and evaluated worth, making them job-oriented.

• A. pay based on company's profit
• B. pay based on company's stocks
• C. pay based on time
• D. pay based on competency

Explanation: When pay is based on what an employee can do rather than the job title or position held, it is competency-based pay.

• A. comparable worth
• B. incomparable worth
• C. definable worth
• D. indefinable worth

Explanation: Comparable worth means providing equal pay for jobs requiring comparable skill, effort, responsibility, and working conditions, even when…

• A. non direct financial payment
• B. direct financial payments
• C. compensation
• D. pension benefits

Explanation: Incentives are payments directly linked to performance, output, or achievement, so they form part of direct financial compensation.

• A. classes
• B. rank jobs
• C. grades
• D. combine ratings

Explanation: A grade in job classification groups jobs that have broadly similar difficulty, responsibility, and value.

• A. employee's family name
• B. employee's performance
• C. employee's competency
• D. employee's equityMerchant Services & Payment Systems

Explanation: Modern skill- or competency-based pay focuses on the employee's knowledge, skills, and capabilities rather than merely the job title.

• A. fine-time pay rates
• B. group similar jobs
• C. price each pay grade
• D. conduct salary survey

Explanation: A salary survey supplies external market information needed before assigning competitive pay rates.

• A. salaries
• B. bonuses
• C. promotion
• D. shopping discountsJobs

Explanation: Managers and executives generally receive fixed salaries for performing their roles, although bonuses may be added as performance…

• A. pay for knowledge
• B. skill-based pay
• C. time based pay
• D. Both A and B

Explanation: Pay-for-knowledge rewards employees for acquiring relevant knowledge, while skill-based pay rewards the skills they develop and apply.

• A. job description curve
• B. salary curve
• C. job evaluation curve
• D. wage curve

Explanation: A wage curve shows the relationship between the relative value of jobs, usually measured by job evaluation points, and the average wages…

• A. non direct payments
• B. incentives
• C. direct payments
• D. salary increments

Explanation: Discounts on air tickets and bus fares are employee benefits provided indirectly rather than as cash wages or salary increments.

• A. time based pay
• B. performance based pay
• C. promotion
• D. salary increments

Explanation: When payment depends on the number of units produced, earnings are linked to output or performance rather than time worked.

• A. equity survey
• B. market survey
• C. salary survey
• D. motivation surveyUrdu Mcqs

Explanation: A salary survey compares the salaries paid by different employers for similar jobs, helping an organisation judge whether its pay is…

• A. unspecified job descriptionCompensation & Benefits
• B. lesser range of job
• C. only one type of job
• D. wide range of jobs

Explanation: Broad banding combines many narrow pay grades into a small number of broad bands, with each band covering a wide range of jobs.

• A. point method
• B. alternative ranking method
• C. aligned reward strategy
• D. job classification

Explanation: The point method is quantitative because jobs are scored on compensable factors such as skill, responsibility, effort, and working…

• A. evaluating pay grades
• B. evaluating pay scales
• C. benchmarking jobs
• D. evaluating internal equityStrategic Planning

Explanation: Benchmarking jobs begins with selected reference or anchor jobs whose pay and value are known, then places other jobs in relation to them.

• A. mission
• B. strategic plan
• C. vision
• D. company's plan

Explanation: Communication and employee participation are normally included in the company plan because they describe how the organisation will involve…

• A. performance management process
• B. high performance work system
• C. less performance work system
• D. quantitative job evaluation

Explanation: A competency-oriented pay plan fits the performance-management process because it rewards competencies that employees can develop and…

• A. skills
• B. accountability
• C. knowledge
• D. efforts and responsibility

Explanation: The Hay system evaluates jobs through factors including know-how, problem-solving, and accountability; among the options, accountability…