Labour Cost and Payroll MCQ Quiz Free MCQ for 2022 Exam

Labour Cost and Payroll MCQ Quiz

Labour Cost and Payroll MCQ Quiz

    The Labor Cost and Payroll MCQ Quiz is based on various MCQ on Labor Cost and Payroll  in various language with translate button. 

    This quiz consist 25 MCQ. 

    I hope, MCQ Quiz platform provides to you a knowledge regarding Labor Cost and Payroll and their some important terms with the helps following quiz. 

     It also helps to preparation on online MCQ based exam like competitive exams and  others university or college exams, NET exam , SLET exam and other entrance exams. 

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    This Labour Cost and Payroll MCQ Quiz is based on following questions. 

Answers are shown in bold format

1. ……………wages do not necessarily mean low labor cost.

a. Low

b. High

c. Medium

 

2. Low labor cost is possible by giving substantial ……………..in wages against corresponding increase in productivity.

a. Decrease

b. Increase

c. Constant

 

3. Given right type of motivation and………….. the productivity of labor can reach amazing scale.

a. Incentive

b. Support

c. Help

 

4. Employee ………………….. influences vitally the growth and profitability of the company.

a. Remuneration

b. Support

c. Layoff

 

5. If there is no ………….to work, all other factors, be it land or capital, will remain idle.

a. Machine

b. Material

c. Labor

Labour Cost and Payroll MCQ Quiz Free MCQ for 2022 Exam

6. Wages can be paid………..?

a. Hourly

b. Daily

c. Weekly

d. All of the above

 

7. Salary can be paid as………….?

a. Monthly

b. Weekly

c. Daily

 

8. ……………are the wages paid according to the work done by the worker.

a. Time wages

b. Piece wages

c. Cash wages

 

9. To calculate the piece wages, the number of ………….produced by the worker are taken into consideration.

a. Units

b. Productive hours

c. Values

 

10. When the laborer is paid in terms of goods rather than cash, it is called the……………?

a. Piece wages

b. Time wages

c. Wages in kind

Labour Cost and Payroll MCQ Quiz Free MCQ for 2022 Exam

11. These types of wages are popular in rural areas?

a. Cash wages

b. Piece wages

c. Wages in kind

 

12. Under this type, the wages are fixed in the beginning for complete work.

a. Time wages

b. Contract wages

c. Cash wages

 

13. …………….means translation of money wages into real terms or in terms of commodities and services that money can buy.

a. Money wages

b. Real wages

c. Nominal wages

 

14. Salary is given to the ………………?

a. Skilled persons

b. Semi-skilled persons

c. Unskilled persons

 

15. Wages are given to …………….?

a. Semi-skilled persons

b. Unskilled persons

c. Both

Labour Cost and Payroll MCQ Quiz Free MCQ for 2022 Exam

16. In the case of salary, the cost incurred is …………………?

a. Variable

b. Fixed

 

17. In the case of wages, the cost incurred is …………………?

a. Variable

b. Fixed

c. Semi-variable

 

18. ……………..is necessary for the purpose of recording attendance and for calculating wages.

a. Time-keeping

b. Time-Booking

c. Time-Taking

 

19. Method of Time-keeping are ………….?

a. Manual method

b. Mechanical method

c. Both

 

20. The purpose of Time-Booking is cost analysis and cost………………?

a. Apportionment

b. Allocation

c. Absorption

Labour Cost and Payroll MCQ Quiz Free MCQ for 2022 Exam

21. ………….is a method of recording details of time with reference to the jobs or work orders undertaken by the workers.

a. Daily time sheet

b. Job Card

c. Weekly time sheet

 

22. Methods of Time-Booking are ……………?

a. Daily time sheet

b. Weekly time sheet

c. Job card

d. All of the above

 

23. The ………………….is a record which shows details of the gross wages earned by each worker in a particular period, the deductions made and the net wages payable.

a. Payroll

b. Labour cost

c. Remuneration

Labour Cost and Payroll MCQ Quiz Free MCQ for 2022 Exam

24. The payroll can be prepared at………………. periods.

a. Weekly

b. Fortnightly

c. Monthly

d. All of the above

 

25. The preparation of payroll involves ………………?

a. Collection of basic data

b. Determining the wages payable

c. Preparing the actual payroll

d. All of the above

Labour Cost and Payroll MCQ Quiz Free MCQ for 2022 Exam

Read More for ther MCQ of Accounting

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