Match List-I with List-II and select the correct answer by choosing from the codes given below : List – I List – II a. Variable-pay program i. An incentive plan for tde improvement of group productivity linked witd total amount of money allocation. b. Piece-rate pay plan ii. Compensation distribution based on certain formula around company’s profitability c. Profit-sharing plan iii. Workers are paid a fixed sum for each unit of production d. Gain sharing iv. Portion of employees’ pay based on individual/ organizational measure of performance
Matching Pay Programs with Definitions
This question requires matching terms related to employee compensation plans (List-I) with their corresponding descriptions (List-II).
Analysis of Matches:
- Variable-pay program (a): This is a pay structure where a portion of an employee's compensation is tied to specific performance outcomes, either individual or organizational. This aligns with definition (iv)
Portion of employees’ pay based on individual/ organizational measure of performance
. - Piece-rate pay plan (b): This is a direct payment system where employees earn a fixed amount for each unit of output they produce. This directly matches definition (iii)
Workers are paid a fixed sum for each unit of production
. - Profit-sharing plan (c): This compensation strategy distributes a portion of the company's profits back to employees, typically based on a predetermined formula. This corresponds to definition (ii)
Compensation distribution based on certain formula around company’s profitability
. - Gain sharing (d): This plan focuses on incentivizing improvements in group or organizational productivity, where employees share in the financial gains resulting from these improvements. This matches definition (i)
An incentive plan for the improvement of group productivity linked with total amount of money allocation
.
Correct Matching:
Based on the analysis, the correct matches are:
- a - (iv)
- b - (iii)
- c - (ii)
- d - (i)
This corresponds to Option 4 provided in the question.
Important Questions from Organizational Behaviour
- Human relations movement is helping managers to deal more effectively with the people side of
their organisations. Which of the following are part of the human relations movement?
A. Illumination Experiments
B. Relay Assesembly
C. Interviewing Programme
D. Bank Wiring Test Room
E. One Best Way
Choose the correct answer from the options given below: - Besides psychology which Behavioural Science contributed in the development of Organizational Psychology as a field of study :
a. Sociology
b. Anthropology
c. Political Science
d. Social work - The field of Industrial Psychology was created/developed by
- Read each of the following statements - Assertion (A) and Reason (R); and indicate your answer using code given below :
Assertion (A) : Perceived fairness of the interpersonal treatment is used to determine organizational outcomes.
Reason (R) : People expect informational transparency and respect in organizations. - Read each of the following statements - Assertion (A) and Reason (R); and indicate your answer using code given below :
Assertion (A): Rational persuation refers to the use of logical arguments and facts to persuade others for achieving a desired result.
Reason (R) : Managers use several techniques to influence others in organizations.
