Goyal Brothers Prakashan solutions for बिझनेस स्टडीज [इंग्रजी] इयत्ता १२ आयसीएसई chapter 8 - Staff Remuneration [Latest edition]

Identify the government sponsored recruitment savings scheme in India that allows individuals to contribute to a pension fund.

Wage records, attendance book, pay slip and roll recall are prepared and maintained for calculation and payment of ______.

Time Rate System of wages payment is more appropriate where ______.

Which of the following is a demerit of piece wage system of wage payment?

Piece rate system of wage payment is not most suitable where ______.

Under the payment of Gratuity Act, 1972. Gratuity to an employee payable on ______.

The payment of gratuity of an employee can be forfeited in case of ______.

Who is responsible for contributing to the provident fund scheme?

Identify the insurance plan that provides coverage to a group of people, often offered by employers to their employees as part of their benefits package:

Identify the terminal benefit paid to an employee who leaves the employment either after working for the specified number of years or on superannuation.

______ system does not guarantees wages to workers on the basis of time.

The time-rate system makes no difference between ______.

Different types of leaves entitled to employees does not include ______.

______ is a sheet showing full information relating to the pay (wages or salary) of all the employees working in the organisation.

Under the piece wage system, the remuneration is paid to the employees on the basis of ______ produced by him.

Employees provident fund is a system in which a certain percentage of ______ of the employee is deducted.

______ provides life insurance cover to all employees under single insurance policy.

What is a time rate system of wage payment?

What is piece rate of wage payment?

Which system of wage payment should be adopted by the management which attract and retain personnel?

What are the main methods of wage payments?

Mention one disadvantage of piece wage system, which has adverse effect on quality of product and service.

Name two incentive plans generally used by the management.

What is Group Insurance Plan?

Define the term ‘Staff Remuneration’.

Give examples to illustrate the difference between time wage and piece wage.

In the context of staff remuneration, piece wages are better than time wages. Write either for or against this proposition.

Distinguish between real and money wages.

List any two conditions where the time-rate system of wage payment is most suitable.

Is a payslip the same as payroll? Explain.

Why do trade unions oppose piece rate systems of remuneration?

What is a time card?

State any one benefit of a time card to the organisation using it.

What is a payslip?

How is a payslip different from payroll?

State two conditions where the piece-rate system is most suitable.

What is ‘Employee Provident Fund’?

What is the ‘National Pension System’?

Define the term ‘Group Insurance’.

What is meant by gratuity?

What do you understand by encashment of leave?

List any two conditions where the time-rate system of wage payment is most suitable.

Define remuneration.

Which system of wage payment is supported by the trade unions?

What is a time rate system of wage payment?

List any two conditions where the time-rate system of wage payment is most suitable.

Explain the piece rate system of wage payment. 

State two conditions where the piece-rate system is most suitable.

State any three advantages of the Piece rate system of wage payment.

State any three disadvantages of the Piece rate system of wage payment. 

Explain the time rate system of wage payment.

State and explain any two advantages of the time rate system of wage payment.

State and explain any two disadvantages of the time rate system of wage payment.

List any two conditions where the time-rate system of wage payment is most suitable.

Explain the meaning of a payslip.

Give a specimen of a Payslip.

Explain the meaning of payroll.

Give a specimen of a Payroll.

Write notes on the employee provident fund.

Write notes on group insurance.

Write notes on gratuity.

Briefly explain any four types of leave that may be availed by an employee. 

With reference to staff benefits, explain the following:

Encashment of leave

With reference to staff benefits, explain the following:

National Pension System (NPS)

Explain the piece rate system of wage payment. 

State any three advantages of the Piece rate system of wage payment.

State any three disadvantages of the Piece rate system of wage payment. 

“Probationers can avail of all types of leave” comment.

Can apprentices avail of all types of leave?

What is sabbatical leave?

“Piece rate system helps to increase quantity of output but spoils the quality.” Explain.

Mention any two advantages of group life insurance to employees.

Give two benefits of group insurance to employers.

“Workers get the chance to earn more under the piece wage system. Even though they prefer the time wage system.” Why?

State two conditions where the piece-rate system is most suitable.

Distinguish between gratuity and provident fund.

State any four/six differences between the time rate system and the piece-rate system of staff remuneration.