Question 3. The kind of pension plan in which employer's contribution is specified in employee's retirement savings funds is classified as
defined benefit pension plan
defined contribution pension plan
defined noncontributory pension plan
deferred contribution pension plan
Explanation:-
Answer: Option B. -> defined contribution pension plan Answer: (b).defined contribution pension plan
Question 4. A pension plan, an employer's acknowledgement of financial standing of employee's account, placing percentage on the basis of annual compensation and interest, regarded as
cash balance plan
severance pay plan
early retirement window plan
employee stock ownership plan
Explanation:-
Answer: Option A. -> cash balance plan Answer: (a).cash balance plan
Question 5. The pension plan, in which specific amount of profit is transferred to employees account, that are payable at the time of retirement or death is classified as
deferred profit sharing plan
savings and thrift plan
cash balance plans
early retirement window
Explanation:-
Answer: Option A. -> deferred profit sharing plan Answer: (a).deferred profit sharing plan
Question 6. The increments based on performance is a basis of
direct financial payments
non direct financial payments
direct compensation
bonuses
Explanation:-
Answer: Option A. -> direct financial payments Answer: (a).direct financial payments
Question 7. The person's fixed pay and guaranteed bonus is included in
base pay
short-term incentives
executive benefits
long-term incentives
Explanation:-
Answer: Option A. -> base pay Answer: (a).base pay
Question 8. The compensation for top executive job is largely based on
job complexity
employer's ability to pay
executive's human capital
all of above
Explanation:-
Answer: Option D. -> all of above Answer: (d).all of above
Question 9. An 'Equity theory of Motivation' does not include
internal equity
external equity
collective equity
individual equity
Explanation:-
Answer: Option C. -> collective equity Answer: (c).collective equity
Question 10. In which incentive the executives are given right to purchase stocks for specific period?
long-term incentives
short-term incentives
pay scale
ranking jobs
Explanation:-
Answer: Option A. -> long-term incentives Answer: (a).long-term incentives