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Test: Wage and Salary Administration - B Com MCQ


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10 Questions MCQ Test Human Resource Management - Test: Wage and Salary Administration

Test: Wage and Salary Administration for B Com 2024 is part of Human Resource Management preparation. The Test: Wage and Salary Administration questions and answers have been prepared according to the B Com exam syllabus.The Test: Wage and Salary Administration MCQs are made for B Com 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Wage and Salary Administration below.
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Test: Wage and Salary Administration - Question 1

Which method of measuring labor turnover involves calculating the number of workers who leave during a certain period?

Detailed Solution for Test: Wage and Salary Administration - Question 1
The separation method measures labor turnover by considering the number of workers who leave during a specific period.
Test: Wage and Salary Administration - Question 2

In the context of payrolls, what does "net wage payable" refer to?

Detailed Solution for Test: Wage and Salary Administration - Question 2
"Net wage payable" refers to the amount of money an employee receives after deducting taxes, insurance, and other withholdings.
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Test: Wage and Salary Administration - Question 3

Which of the following is NOT an avoidable cause of labor turnover?

Detailed Solution for Test: Wage and Salary Administration - Question 3
Retirement due to old age is an unavoidable cause of labor turnover as employees leave the organization as part of their natural career progression.
Test: Wage and Salary Administration - Question 4
What is one of the negative effects of high labor turnover on production?
Detailed Solution for Test: Wage and Salary Administration - Question 4
High labor turnover can result in loss of production due to difficulties in maintaining stable production planning and the need for training new employees.
Test: Wage and Salary Administration - Question 5
Which factor is NOT considered in the analysis of internal pay equity?
Detailed Solution for Test: Wage and Salary Administration - Question 5
Internal pay equity analyzes how similarly qualified employees are compensated and typically considers factors like gender, race, and tenure, but not job position.
Test: Wage and Salary Administration - Question 6
What is the purpose of conducting a personnel audit?
Detailed Solution for Test: Wage and Salary Administration - Question 6
The purpose of conducting a personnel audit is to ensure that the organization is complying with employment laws and regulations and to identify any potential HR-related risks.
Test: Wage and Salary Administration - Question 7
What is labor turnover?
Detailed Solution for Test: Wage and Salary Administration - Question 7
Labor turnover refers to the rate at which employees leave their employment within a specific period. It is calculated by dividing the number of employees who left by the average number of employees during that time.
Test: Wage and Salary Administration - Question 8
What is the primary purpose of a performance management system?
Detailed Solution for Test: Wage and Salary Administration - Question 8
The primary purpose of a performance management system is to provide feedback to employees and assess their performance for further development and improvement.
Test: Wage and Salary Administration - Question 9
Why is it important to conduct regular human resources audits?
Detailed Solution for Test: Wage and Salary Administration - Question 9
Conducting regular human resources audits is important to prevent litigation, ensure compliance with employment laws, and identify and rectify potential issues related to workplace practices.
Test: Wage and Salary Administration - Question 10
Which step is NOT part of the disbursement of wages process?
Detailed Solution for Test: Wage and Salary Administration - Question 10
Conducting employee performance evaluations is not a step in the disbursement of wages process. It is a separate HR function related to employee development and feedback.
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