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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 : E-learning enhances learning by extending and supplementing face-to-face learning rather than replacing it. It enables learning to take place when it is most needed
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Niko Ltd specialises in the importation and sale of equipment for children's indoor play centres. The company was set up two years ago by its joint shareholders, Mr and Mrs Nikosta
Q. What do you mean by Vestibule training? Vestibule training (training centre): in this method, the trainee is exposed to an artificial working environment wherein on the job
discuss the selection process
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Q. Performance tests of evaluation? Performance tests: in the immediate sense, the specific course of training can be evaluated in terms of written and performance tests. The t
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Question : Your newly-appointed Chief Executive Officer (CEO) argues that producing a human resource strategy and a human resource plan is a waste of time, money and effort - b
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