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Wages which are usually positioned above the minimum wages but below the living wages are described

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Wages which are usually positioned above the minimum wages but below the living wages are described

Wages which are usually positioned above the minimum wages but below the living wages are described

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Wages which are usually positioned above the minimum wages but below the living wages are described
Chapter 14
Wages which are usually positioned above the minimum wages but below the living wages are described
Multiple Choice Questions

This activity contains 17 questions.

Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described

Providing equal pay for jobs of equal nature based on job evaluation ensures _______ in compensation administration.

Wages which are usually positioned above the minimum wages but below the living wages are described
 
external equity
internal equity
neutrality
None of the above
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described

Payment of cash rewards for the work extracted from the employee is normally called

Wages which are usually positioned above the minimum wages but below the living wages are described
 
direct compensation
indirect compensation
non-monetary compensation
None of the above
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described

Which of the following is the fixed component in compensation packages?

Wages which are usually positioned above the minimum wages but below the living wages are described
 
Profit-sharing
Base salary
Gain-sharing
Equity stock options
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described

Insurance schemes, retirement benefits and leave travel concession are examples of

Wages which are usually positioned above the minimum wages but below the living wages are described
 
indirect monetary compensation
direct monetary compensation
non-monetary compensation
None of the above
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described

Ensuring a fair balance between an employee’s contributions to the job and the rewards received in return from that job is the essence of

Wages which are usually positioned above the minimum wages but below the living wages are described
 
equity theory
expectancy theory
agency theory
contingency theory
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described

Which of the following theory states that the employees work hard in the job only when they are sure of positive outcomes from that job?

Wages which are usually positioned above the minimum wages but below the living wages are described
 
Equity theory
Expectancy theory
Agency theory
Contingency theory
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described

Managers never own complete responsibility for the all the decisions made by them since they are not the owners of the business is the assumption of

Wages which are usually positioned above the minimum wages but below the living wages are described
 
equity theory
expectancy theory
agency theory
contingency theory
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described

Wages which are usually positioned above the minimum wages but below the living wages are described as

Wages which are usually positioned above the minimum wages but below the living wages are described
 
real wages
fair wages
minimum wages
living wages
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described

_______ ensure that the employees get an income which is sufficient for meeting their present and future necessities and contingencies.

Wages which are usually positioned above the minimum wages but below the living wages are described
 
Real wages
Minimum wages
Living wages
None of the above
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described

Wages usually adjusted for the prevailing rate of inflation is called

Wages which are usually positioned above the minimum wages but below the living wages are described
 
real wages
fair wages
minimum wages
living wages
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described

When there are several pay grades in a pay structure, it is called

Wages which are usually positioned above the minimum wages but below the living wages are described
 
traditional pay structure
broad-graded structure
job family structure
None of the above
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described

Which of the following factors is not an external influencing factor in wages and salary administration?

Wages which are usually positioned above the minimum wages but below the living wages are described
 
Cost of living
Labour legislations
Labour market conditions
Ability to pay
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described

Which of the following factors is not an external influencing factor in wages and salary administration?

Wages which are usually positioned above the minimum wages but below the living wages are described
 
Capacity of the organization to pay
Corporate policies and philosophy
Performance evaluation report
None of the above
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described

Which of the following is not an objective of executive compensation plans?

Wages which are usually positioned above the minimum wages but below the living wages are described
 
Separating ownership interest and controlling interest
Enhancing employee motivation, involvement and commitment
Promoting managerial efficiency
Attracting and retaining the best executives
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described

Provision for cars, parking lots and membership in country club are examples of

Wages which are usually positioned above the minimum wages but below the living wages are described
 
base salary of executives
short-term incentive plans
executive perks
None of the above
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described

Stock option and performance shares are examples of

Wages which are usually positioned above the minimum wages but below the living wages are described
 
base salary
short-term incentive plan
long-term incentive plan
All of the above
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described

Performance-based annual bonuses are an example of

Wages which are usually positioned above the minimum wages but below the living wages are described
 
base salary
short-term incentive plan
long-term incentive plan
All of the above
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described
Wages which are usually positioned above the minimum wages but below the living wages are described

Is a wage above the minimum wage but below the living wage?

Fair wage means which is something more than the minimum wages. It is a mean between the minimum wage and the living wage.

What is minimum wage fair wage and living wage?

“Fair wage is the wage which is above the minimum wage but below the living wage. The lower limit of the fair wage is obviously the minimum wage: the upper limit is to be set by the capacity of the industry to pay. “ Thus, fair wage depends on different variables affecting wage determination.

What do you mean by fair wage?

Definition of fair wage : a wage that is reasonable for the type of work done The workers claim that they are not being paid fair wages.

What are the 4 types of wages?

ADVERTISEMENTS: In economics, the price paid to labour for its contribution to the process of production is called wages..
Piece Wages: Piece wages are the wages paid according to the work done by the worker. ... .
Time Wages: ... .
Cash Wages: ... .
Wages in Kind: ... .
Contract Wages:.

wages positioned minimum wages living wages

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