alleryStart learning →Exchanging cash wages for another benefit is called salary:
- deduction
- packaging
- reimbursement
- averaging
Show answer and solution
Correct answer: B. packaging
Giving up cash wages for another form of benefit is known as salary packaging.
CA Inter Employee Cost — practice questions — page 3
Explore 68 free Employee Cost questions in CA Inter Cost and Management Accounting. Open each question or exercise to read its content, reference answers and available explanation.
Practise Employee Cost with Quill →Employee Cost questions and exercises with answers
Showing questions 61–68 of 68.
Exchanging cash wages for another benefit is called salary:Read the answer and worked solution →Perks are benefits that are mostly:Read the answer and worked solution →Gainsharing returns what to employees?Read the answer and worked solution →Gainsharing differs from profit sharing as it measures:Read the answer and worked solution →A Scanlon plan incentive uses the ratio of labour cost to:Read the answer and worked solution →Improshare stands for:Read the answer and worked solution →Profit sharing payments often depend on the company's:Read the answer and worked solution →An Improshare standard identifies the expected number of what?Read the answer and worked solution →
Worked practice questions
Perks are benefits that are mostly:
- refundable
- mandatory
- discretionary
- statutory
Show answer and solution
Correct answer: C. discretionary
Perks are discretionary extras, often given to strong performers or senior staff.
Gainsharing returns what to employees?
- Idle time pay
- Share capital
- Overtime premium
- Cost savings
Show answer and solution
Correct answer: D. Cost savings
Gainsharing passes cost savings back to workers, usually as a lump-sum bonus.
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