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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
Career strategy: career strategy is the process of highlighting an organizations greatest resource its human resources for developing them for future career and business opportuni
Question 1: (a) Define and explain the term "training". (b) Critically assess the following training techniques (i) Simulation (ii) Vestibule training Question 2:
#3 apply the theory of symbolic interactionism to each party in the case by identifying where you see each party''s " me , myself and I ."
Question 1: (a) "The more you reward your workers, the greater will be their motivation to achieve the company's objectives". Discuss this statement, with support of rele
Advantages of the selection tests: 1. Selection tests are standardized & unbiased methods of soliciting information about the prospective employees. 2. Selection tests can
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Q. Show merits of external sources of recruitment? Merits: 1. Wide choice: the organization has the freedom to select candidates from a large pool. Persons with requisite qu
Record of Use of Listed Poisons : This should apply, to the substances that are locked in the poison cupboard, taking care that the same top and liner are in place. Your record sh
technologies breakthrough has brought a radical changes in HR??
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