1.

The company has the full control and legally mandated benefits and obligatory responsibility to
implement benefits like uniform, gasoline allowance or profit sharing.
 False
2. Purpose or objective of compensation.
 All of the above, Attract and retain, concern and care for employees, motivate
3. Benefit components or form.
 All of the above, salary, long-short term, termination, post-employment
4. Select one:
 profit sharing
5. Salary and wages are both compensation but of different sense of application and meaning or
definition.
 True
6. Remunerations other than cash in exchange of rendered services by employees as motivator is?
 Fringe benefits
7. Fringe benefits of all forms boost moral employee’s morale and performances.
 True
8. Failure to pay an employee with minimum wage or what is prescribed by law will result to
employer-employee conflict, a labor relation issue.
 True
9. Considered profit sharing plan.
 Cash or deferred and distributed at retirement, death or during disability cases
10. Compensated time but not worked or no services were made.
 Legal holiday, vacation or sick leave
11. Prerequisite over and above the salary, its is in kind or non-cash format.
 -Indirect compensation
12. Desperate job needs or over supply of labor tends to cause disrupted payment of salaries.
 True
13. Complying to legal regulations or mandated by law employees must be assured of fringe benefits
like SSS, PhilHealth, and PAGIBIG?
 True