MP-403(New)
June Examination 2017
Master of Business Administration II Year Examination
Performance Management and Compensation Planning
Paper MP-403(New)
Time 3 Hours Max. Marks 80
Note: The question paper is divided into three sections B and C. Write answers as per given instructions.
Section A 8 × 2 16
(Very Short Answer Questions)
Note: Answer all questions in 30 words each.
Define 360° feedback.
Define potential appraisal.
Define executive compensation.
Define BARS.
What is fringe benefit.
What is a wage board?
503
MP-403(New) 300 3 (P.T.O.)
MP-403(New) 300 3 (Contd.)
503
Define performance counseling.
(viii) Define pay structure.
Section B 4 × 8 32
(Short Answer Questions)
Note: Answer any four questions in 200 words each.
What are wage incentive schemes? Discuss their merits and
demerits.
How can you link performance management system with
achievement of set organisational goal.
Enumerate linking reward strategy in performance
management.
Explain common rating errors in the performance management.
Explain the process of conducting 360° degree appraisal.
Mention the advantages of maintaining pay equity in
organisation.
Define incentive. What are the different types of incentives?
Write short notes on:
Wage Board
Performance Based Pay
MP-403(New) 300 3
503
Section C 2 × 16 32
(Long Answer Questions)
Note: Answer any two questions within 500 words each.
10) Explain the process of performance management and analyse
the role of a manager in making the process effective.
11) "Knowledge of the importance of compensation management
makes you a hard core HR manager". In the light of this
statement explain the objectives and criteria of compensation
management.
12) "Fringe benefits are normally used as an informal way rather
than an ethical motivation in a company. Evaluate critically.
13) Elaborate various incentive plans followed in modern
organisations.