JAIPUR NATIONAL UNIVERSITY, JAIPUR
School of Distance Education & Learning
Internal Assignment No. 1
Master of Business Administration / DHRM
Paper Code: MBAH – 106
Paper Title: Compensation System Administration
Last date of submission: Max. Marks: 30
Note : Question No. 1 is of short answer type and is compulsory for all the students.
It carries 1 Mark each.
Q. 1. Answer all the questions:
(i) Define compensation.
(ii) What is internal equity?
(iii) What is 401K plan?
(iv) What are advantages & disadvantages of Scanlon plan?
(v) Define group piece rate?
(vi) What are the components of compensation?
(vii) What is external equity?
(viii) Define fringe benefits.
(ix) What is executive compensation plan?
(x) Define Non-financial incentives.
Note: Answer any four questions. Each question carries 5 marks (Word limits 500)
Q. 2. Explain different theories of wage determination in detail.
Q. 3. What is bench marking? Explain advantages & disadvantages of bench marking.
Q. 4. Explain different types of fringe benefits in detail.
Q. 5. Explain factors affecting wage & salary administration in details.
Q. 6. Write short notes on different social security laws.
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