COMPENBEN QUIZ
Quiz by Jeromie Sumaya
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- Q1
Employees are allowed to choose from an array of benefits within certain cost limits.
FLEXIBILITY APPROACH
INNOVATIVE APPROACH
HARMONIZATION APPROACH
15s - Q2
It refers to the realization of a person’s potential , self fulfillment, seeking personal growth and peak experiences.
Self Esteem Needs
Self - Actualization Needs
Social Needs
Belongingness Needs
15s - Q3
It states that, if the Trade Union is stronger, the wages will be high;employer is powerful, the wages tend to be low.
Subsistence Theory
Bargaining Theory
Wage fund Theory
Marginal Productivity Theory
15s - Q4
Which is Fredrick Herzberg’s Motivation Theory?
Equity Theory
Theory X and Theory Y
Two Factor Theory
Hierarchy of Needs
15s - Q5
These benefits have the purpose to promote the well-being and efficiency of employees.
De Minimis Benefits
Gross Benefits
15s - Q6
The amount of annual salary which will be taxed of P102, 500 plus 25% on the excess (2023 onwards).
Between P250, 000 to less than P400, 000
Below P250, 000
Between P800, 000 to less than P2 Million
Between P400,000 to less than P800, 000
15s - Q7
Which of the following is NOT stated in the De Minimis Updates by the TRAIN Law Reform 2018?
Rice Subsidy or Allowance of P2, 500/month or 50 kilos of rice
Uniforms and Clothing Allowance of P6, 000/year
Medical Cash Allowance of P1,500/semester
None
15s - Q8
It is the first component of executive remuneration. It is supposed to be determined through job evaluation and serves as the basis for other types of benefits.
Bonus
Salary
Commission
Long-term incentives
15s - Q9
This type of incentive is usually short-term (annual) and is a definition of performance is crucial.
Bonus
Salary
Commission
Long-term incentives
15s - Q10
Stock options are attractive to shareholders too. First, an option is not a bonus, Executives must use their own resources to exercise their right to purchase the stock. Second, the executives are assuming the same risk as all other shareholders, namely, that the price could move in either direction. Options are a form of profit sharing that Jinks the executive's financial success to that of the shareholders.
Bonus
Commission
Salary
Long-term incentives
15s