Management Answers

Are the levels of employee representation in Germany, UK and Sweden emerged in Fiji? Why?

500-600 words

What lessons can be learned from the case study "How national employment systems relate to employee involvement: a decomposition analysis of Germany, the UK and Sweden'?

Discuss the level of employee representation in Germany, UK and Sweden. In doing so, discuss some employee representation models that exist in Germany, UK and Sweden?

Compare Germany, UK and Sweden's national employment systems in regards to the similarities, differences, advantages and disadvantages of the state as the main actor of employment relations?

Identify and briefly explain the main types of cost in project management 

Define and state the importance of project cost management processes

Introduction – “Cost estimation in project management is the process of forecasting the financial and other resources needed to complete a project within a defined scope. Cost estimation accounts for each element required for the project – from materials to labour and calculates a total amount that determines a projects budget.”

Questions to answer:

1.Define and state the importance of project cost management processes

2.Identify and briefly explain - the main types of cost in project management 

3.Identify and briefly explain the relevance - major components of project cost management used in the workplace

4.Identify and briefly explain - 3 main challenges one can experience in cost estimation in project management in the workplace

5.Identify and briefly explain - 3 Ways/strategies a manager can do to improve costs estimation and budgeting in the workplace

in some countries a national minimum wage or a "living wage" has been set by the government. What are the drawbacks of such an approach to dealing with low pay?

1.  A friend promises to pay you RM 700 two years from now if you loan him RM 550 today. What annual interest is your friend offering?   
2. Calculate the present value of RM 1,000 to be received at the end of 8 years. Assume an interest rate of 7 percent   
3. Mr A has deposited RM 33,000 today in an account which will earn 10 percent annually. He plans to leave the funds in this account for seven years earning interest. If the goal of this deposit is to cover a future obligation of RM65,000, what recommendation would you make to Mr A? 
4. Company A is preparing a five-year plan. Today, sales are RM 1,000,000. If the growth rate in sales is projected to be 10 percent over the next five years, what will the RM amount of sales be in year five?
5. How much would you be willing to pay today for an investment that would return RM 800 each year at the end of each of the next 6 years? Assume a discount rate of 5 percent.

1.     Critically discuss if the firm should use training to solve its motivational problem? Provide 5 reasons for your choice and explain in detail. (5 marks)