CORE GATEWAY COLLEGE

SEMI FINALS EXAM

COMPENSATION

Name: Total Score :

Yr &Section: Date:
“STRICTLY NO ERASURES!”
"I can do all things through Him who strengthens me." - Philippians 4:13
I Morse Type – TRUE OR FALSE (2pts each)
Write A - If the 1st statement is TRUE and the 2nd statement is FALSE
B - If the 1st statement is FALSE and the 2nd statement is TRUE
C - If Both of the statement is TRUE
D - If Both of the statement is FALSE
_____1. Job specification is an assessment of the relative value of jobs to determine appropriate compensation.Job evaluation is
the list of job human requirements,w/c includes education skills/personality etc.
_____2. Pay for Knowledge is a system of payment where employees are compensated based on their individual skill level and
education attainment . While skill-based pay is a compensation system that rewards employees with additional pay in
exchange for formal certification of the employee's mastery of skills, knowledge, and/or competencies.
_____3. Companies adopt low-cost strategy to develop products or services that are unique from those of competitors. A good
example of Low cost strategy were supermarket or grocery store that offering low cost of products or goods.
_____4. Task significance is said to be the “degree to which the job has a substantial impact on the lives of other people.
Knowing that their job, and their performance thereof, has the capacity to have a negative impact on others will motivate
them further to do better.
_____5. Discrimination can occur due to sex or race, which are both prohibited under federal law. Compensation discrimination
occurs when employees performing substantially equal work do receive the same pay for their work.
_____6. Training is a program allows you to strengthen those skills that each employee needs to improve. A development
program brings all employees to a higher level so they all have similar skills and knowledge.
_____7. Knowledge is acquired and observable expertise in performing tasks. Skill is acquired information used in performing
tasks.
_____8. Generally, “seniority pay means employees with seniority earn fewer money than other employees doing the same
work.Seniority Pay is the length of time that an individual has served in a job or worked for an organization.
_____9 . Performance appraisal allows you to provide positive feedback as well as identifying areas for improvement. An
employee can discuss and even create a developmental training or plan with the manager so he can improve his skills.
_____10 . Lowest Cost Strategy focuses on gaining competitive advantage by being the highest–cost producer of a product or a
service w/in the marketplace.An example of this is Starbucks that offer a good product branding unique logo, and a quality
taste of coffee.
II IDENTIFICATION . Identify the people, theory and principles in management.Write the answer on the space provided.
_________________1 It is packages with good pay and advantages can help attract and retain the best employees.
_________________2. A development program brings all employees to a higher level so they all have similar skills and
knowledge.
_________________3. It is a job structures formally recognizes the differences in job characteristics,w/c enables managers to set
pay accordingly.
_________________4. It is responsible for the protection of the social welfare of rights of Filipinos and to promote social
development.
_________________5. It is a community –based capacity building effort that seeks to improve program participants socio
economic status through two tracks
_________________6. This refers to the plan efficient use of the company resources , and also the attribute that allows an
organization to outperform its competitors.
_________________7. He developed the theory that practices labor cost control by replacing inefficent production methods
with the efficient ones
_________________8. A theory of management that analyzes and synthesis workflows , with objective of improving labor
productivity.
_________________9. It is mandated by law and legally employees should received these offers.
_________________10.It is a model which maintains five important job elements that motivates workers and performance.

III ENUMERATION . Fill in the missing items or management terms.

LEGALLY REQUIRED BENEFITS PAY FOR TIME NOT SERVICES
WORKED
1. 1. 1.

2. 2. 2.

3. 3. 3.

4. 4. 4.

5. 5. 5.

6. 6. 6.

7. 7.

8. 8.
 HISTORICAL PERSPECTIVE OF HR PRACTICES
COMPENSATION
1. 1.

2. 2.

3. 3.

4. 4.

5. 5.

6.

7.

8.

IV.JUMBLED LETTERS .Guess the jumbled management terms or people. (2PTS)

1. ROIDDNNBABAG -
2. AATVINOC EELVA -
3. CINMANPESTOO–
4. CONEGINULS-
5. FABEDECK -
6. CUNMEETTIRR -
7. LOAGS-
8. YJRU UYDT –
9. IDLSHAYO –
10. RSOILMAYT -

V. ESSAY. You can used the back of the paper.

1. Choose one from the four advantages of discretionary benefits . For you which is the best to retain current employees and
attract new applicants? (5pts)

2. If you will choose a company to work with,what factors are you considering first ,and what type of benefits are you looking
for? (5pts)

Bonus Question: (for 5pts)

Kaninu ka ba dapat humanga ? Sa taong insiwan ang iba para mahalin ka o Sa taong handang iwan ka ,dahil may mahal ka
ng iba? (You can answer english or tagalog)

“Nothing is impossible with Him,The word itself says I’m Possible”

Prepared by Divine Grace M. Jasa
BSBA FACULTY