Management Answers

 compare the actual changes that the two world leaders implemented that significantly contributed to the changing employment relations systems in the two countries. In doing so, list the actual changes that the two leaders implemented before discussing their similarities, differences, advantages and disadvantages to the employees and trade union as a main actor of employment relations

1. Discuss the result or the outcome of the research as depicted in the case study (5 marks).
2. What lessons that you have learnt from the case study? Why? (5 marks).
3. Are the contingent employment practices that experienced in European countries have emerged in your country? Why? (5 marks).

A non-governmental organization has offices located in six regions. Given below is data on staffing and running costs in each of the regions

Number of staff

10

8

14

12

11

9

Running cost (‘000)

102

93

143

121

118

99

i)                            Determine the simple linear regression equation for this data                                        (8 marks)

ii)                          Using the equation in (i) estimate the cost of running an office with only 5 employees. (2 marks)

iii)      Compute the coefficient of correlation and coefficient of determination and interpret their values.                                                                                                                 (2 marks)

1. Give any two major reasons giving boom to some of the local business during testing times such as COVID-19.

Do you believe strategic management is more an art or a science? Why?

Explain the importance of inventory, types of inventory, and key decisions and costs;

2. Describe the major characteristics that impact inventory decisions;

3. Describe how to conduct an ABC inventory analysis;

4. Explain how a FOQ inventory system operates and how to use the EOQ and safety stock models;

5. Explain how a fixed-inventory system operates; and

6. Describe how to apply the single-period inventory model.

The emergence of Margaret Thatcher and Ronald Reagan and its features as the world political leaders and the similarities, differences, advantages and disadvantages of the state as the main actor in employment relations.

1. Why does demand for a product or service play a significant role in starting a new business? Give any two reasons.

Factors that may lead to incomplete information during process of making decisions

Factors that hinders effective control in manufacturing firm