Labour Cost and Payroll MCQ Quiz

Labor Cost and Payroll MCQ Quiz

Labor 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 Labor Cost and Payroll MCQ Quiz is based on following questions. 

Important Note:-👇

    "To know the answers to the below questions, you need to solve the following quiz. It  has the answers to all the questions"

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


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


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


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

a. Variable

b. Fixed


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

d. Variable

e. Fixed

f. 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


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


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

Important Note:-👇

    "To know the answers to the above questions, you need to solve the following quiz. It  has the answers to all the questions"

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Labour Cost and Payroll MCQ Quiz


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