Advertisements
Chapters
2: Job Analysis and Manpower Planning
3: Staff Recruitment
4: Staff Selection
5: Staff Training
6: Staff Morale
7: Staff Motivation
▶ 8: Staff Remuneration
9: Staff Leadership
10: Staff Appraisal
11: Staff Promotion and Transfer
12: Staff Separation
13: Emerging Trends in Human Resources
14: Business Communication
15: Business Correspondence
16: Reports and Report Writing
17: Various Business Entities
18: Sources of Business Finance
19: Globalisation
20: E-Business
21: Outsourcing
22: Business Regulators and Intermediaries
![Goyal Brothers Prakashan solutions for Business Studies [English] Class 12 ISC chapter 8 - Staff Remuneration - Shaalaa.com](/images/business-studies-english-class-12-isc_6:2c69258548604e3b8e6a8e0c325a301f.jpg "Goyal Brothers Prakashan solutions for Business Studies [English] Class 12 ISC chapter 8 - Staff Remuneration")
Advertisements
Solutions for Chapter 8: Staff Remuneration
Below listed, you can find solutions for Chapter 8 of CISCE Goyal Brothers Prakashan for Business Studies [English] Class 12 ISC.
Goyal Brothers Prakashan solutions for Business Studies [English] Class 12 ISC 8 Staff Remuneration EXERCISES [Pages 115 - 117]
Objective Type Questions MCQ's (Select the best Alternative)
Identify the government sponsored recruitment savings scheme in India that allows individuals to contribute to a pension fund.
Gratuity
Group Insurance
National Pension Scheme
Encashment of leave
Wage records, attendance book, pay slip and roll recall are prepared and maintained for calculation and payment of ______.
Remuneration
Office record
Leave record
None of these
Time Rate System of wages payment is more appropriate where ______.
quality rather than quantity of output is the main consideration.
where work is standard used and not repetitive.
where machines and equipment used are delicate and very expensive.
All of these cases
Which of the following is a demerit of piece wage system of wage payment?
Higher overheads
Incentive
Economy
Labour cost control
Piece rate system of wage payment is not most suitable where ______.
Quality of output is more important than quantity.
Output is the direct result of the quantum of effort put in by workers.
The job is of a repetitive nature and that output can be easily measured.
All of the above cases
Under the payment of Gratuity Act, 1972. Gratuity to an employee payable on ______.
termination of employment on superannuation
termination of employment on resignation
termination of employment on death
in all the above circumstances
The payment of gratuity of an employee can be forfeited in case of ______.
termination of service for any act of negligence.
termination of service for any act of moral.
termination of service for any act of turpitude.
All of the above cases.
Who is responsible for contributing to the provident fund scheme?
Employee
Employee and Employer
Employer
Employer and Government
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:
Employee insurance
Gratuity
Group insurance
Life insurance
Identify the terminal benefit paid to an employee who leaves the employment either after working for the specified number of years or on superannuation.
Provident Fund
Public Provident Fund
Voluntary Retirement Scheme
Gratuity
Fill in the blanks with suitable words given in brackets
______ system does not guarantees wages to workers on the basis of time.
Time-Rate System
Efficiency-Rate System
Pieces-Rate System
The time-rate system makes no difference between ______.
Worker to worker
Efficient and inefficient worker
Important and unimportant worker
Different types of leaves entitled to employees does not include ______.
Privilege leave
casual leave
paternity leave
______ is a sheet showing full information relating to the pay (wages or salary) of all the employees working in the organisation.
Pay slip
Payroll
Time Card
Under the piece wage system, the remuneration is paid to the employees on the basis of ______ produced by him.
Work
Pieces
Output
Employees provident fund is a system in which a certain percentage of ______ of the employee is deducted.
salary
total annulments
total remuneration
______ provides life insurance cover to all employees under single insurance policy.
Very Short Answer Type Questions
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?
Short Answer Type Questions
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?
Long Answer Type Questions
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.
Goyal Brothers Prakashan solutions for Business Studies [English] Class 12 ISC 8 Staff Remuneration QUESTION BANK [Page 118]
“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.
Solutions for 8: Staff Remuneration
Goyal Brothers Prakashan solutions for Business Studies [English] Class 12 ISC chapter 8 - Staff Remuneration
Shaalaa.com has the CISCE Mathematics Business Studies [English] Class 12 ISC CISCE solutions in a manner that help students grasp basic concepts better and faster. The detailed, step-by-step solutions will help you understand the concepts better and clarify any confusion. Goyal Brothers Prakashan solutions for Mathematics Business Studies [English] Class 12 ISC CISCE 8 (Staff Remuneration) include all questions with answers and detailed explanations. This will clear students' doubts about questions and improve their application skills while preparing for board exams.
Further, we at Shaalaa.com provide such solutions so students can prepare for written exams. Goyal Brothers Prakashan textbook solutions can be a core help for self-study and provide excellent self-help guidance for students.
Concepts covered in Business Studies [English] Class 12 ISC chapter 8 Staff Remuneration are Overview of Staff Remuneration, Meaning and Definition of Staff Remuneration, Money Wages and Real Wages, Methods of Wage Payment: Time-Rate System, Methods of Wage Payment: Piece-Rate System, Distinction between Time-Rate and Piece-Rate System, Wage Records, Various Staff Benefits, Gratuity, Types of Leave.
Using Goyal Brothers Prakashan Business Studies [English] Class 12 ISC solutions Staff Remuneration exercise by students is an easy way to prepare for the exams, as they involve solutions arranged chapter-wise and also page-wise. The questions involved in Goyal Brothers Prakashan Solutions are essential questions that can be asked in the final exam. Maximum CISCE Business Studies [English] Class 12 ISC students prefer Goyal Brothers Prakashan Textbook Solutions to score more in exams.
Get the free view of Chapter 8, Staff Remuneration Business Studies [English] Class 12 ISC additional questions for Mathematics Business Studies [English] Class 12 ISC CISCE, and you can use Shaalaa.com to keep it handy for your exam preparation.
