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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
detail out issues a reward strategy should deal with
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Keeping a Notebook : Firstly, we need to consider the accuracy of recording results. It is here that keeping an accurate practical notebook is of vital importance. It will prevent
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Comment on the various theories of leadership and comment on which model can best be applied to your organisation. Take a particular team and making reference to what is considere
effective human resources management depends upon sound reward system. explain?
Stratified sampling In this method, the population is divided into strata, such as social classes or occupational groups, and a sample is randomly selected from within a partic
what are the strength and weakness of a pluralist
what are some possible causes of the high turnover Leah Bakery
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