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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
Question 1: (a) Define the term ‘reward strategy' and describe the main phases of the formulation process of a reward strategy. (b) Describe the ‘equity theory' motivation
how can we get the proper human resource for the organization?
caselet crtically analyze Mr.Vincent reasoning
discuss the selection process
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Which of the two versions of HRM is more realistic? why?
1. Discuss the issues facing employers as a result of the developments in flexible contracts. 2. Critically review developments in recruitment and selection. 3. Identify and
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