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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
Reasons for conducting job analysis There are 3 reasons for conducting job analysis: (a) when the organization is founded and job analysis program is initiated for the firs
Role of the Literature Review: Your dissertation should be based on the established body of knowledge appropriate to the problem or issue you select. You will be familiar with
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Discuss the advantages of KM in an organisation. KM helps an organisation in quicker problem solving, better decision making, reduced R&D costs, increased worker independence,
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how should you approach your team in implementing a change?
Describe the process required to create an interactive 'Dashboard of Information' application in an organization. At each major step discuss the issues to be resolved and criteria
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