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Question 1:
i) Using the marginal revenue productivity (MRP) theory explain how wages are determined under both perfect and imperfect competition?
ii) Consider a firm is a monopsonist in the labour market it hires. Its MRP of labour is 14 - L and the wage rate is W = 2 + L. How much labour the firm will hire and what wage rate it will pay?
Question 2:
"Profit-maximizing firms lack incentive to provide job safety, and consequently, the government must intervene legislatively to protect workers against the unsafe working conditions that will surely result." Determine this statement.
Question 3:
"Trade unions tie the hands of management and inhibit efficient decision making." How far do you agree?
Question 4:
Write short notes on any three of the following. (Each part carries equal marks). i) Female participation rates ii) Determinants of demand for labour iii) Occupational licensure iv) Effects of minimum wage law on a competitive labour market
Thus a job specification contains information on personnel characteristics that are believed to be necessary for the performance of the job. It is therefore sometimes referred to a
Question 1: (i) Explain why it is of utmost importance for organisations to effectively manage their "people". (ii) What are the challenges that organisations are currentl
Human resource research: it is the process of evaluating the effectiveness of human resources policies and practises and developing more appropriate ones. It includes: a. Condu
Filing System for Chemicals : You need to be aware of which chemicals are in use, where they are being used and where they are kept. However, you might hesitate to make it too eas
Candidates should be able to identify those international standards and conventions listed in the syllabus that may have been infringed e.g. Guidelines on Occupational Safety and H
Question 1: Henry Mintzberg (1973) has identified ten different, highly interrelated roles attributed to a manager's job. These have been grouped as being primarily concerned
Question: For many years your organisation has relied upon formal training programmes. However, your newly appointed Chief Executive has told you that he wants to change the e
how does it help orgnisations
what are some possible causes of the high turnover leah''s bakery is experiencing?
Optimizing cost of the compensation: compensation management is aims at optimizing cost of the compensation by establishing some kind of linkage with performance and compensation.
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