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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
Code of discipline in the industry: To maintain discipline in the industry (both in public and private sectors): there has to be (1) a just recognition by employers and workers
Critically discuss its recruitment and selection in relation to strategic human resource initiatives. Make relevant recommendations as to how it could improve this process
Problem 1 Whenever there is an excess of manpower in organizations, cost effective HRD encourages optisizing instead of downsizing. Discuss. Problem 2 (a) In the conte
Difference between personnel management and human resource management
what is worng with the recruitment policy
Question 1: "In a knowledge-based industry, every manager is responsible to ensure that knowledge is neither lost nor under-utilised in his/her department". Critically evaluate
Who has the burden of proving payment of money claims?
Under reciprocal interdependence, person A's output becomes person B's input and vice versa. It is the highest form of interdependence. Every member is dependent on others at all l
What is discrete selection process
Describe the various selection tools and their effectiveness in public sector, which selection tool is most effective in public organization why?
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