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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
EFFECTIVE HR DEPEND UPON SOUND REWARD SYSTEM
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What is job reward matrix?
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What action should be taken by various functional managers to meet the scheduled dates?
Question 1: (a) It is widely believed nowadays that a reward strategy should be concerned with the direction of the organization should follow in developing the right mix and l
difference between retrenchment and dismiss
The final section must present a clear and realistic timetable for the completion of the dissertation, showing in which months certain tasks will be carried out. It needs to have a
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