1. What is Labour Economics? Labour Economics may be defined as a study of wages and employment in the labour market‚ and the distribution of income among individuals and households. Labour Economics looks at * Labour market processes * Size of the labour force * Trade Unionism * Labour Legislation * Factors affecting employment/ unemployment/underemployment * The demand and supply of labour 2. Law of Derived Demand. Explain Marshall’s law of derived demand states
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Managerial Accounting Case ‘Waltham Motors Division’ Answer 1: Breakeven point If Waltham Motors Division sells 13‚326 units‚ it will breakeven. But why Waltham incurred net losses when it sold more than 13‚326 units in May? The unfavorable cost variances (see answer 2 and 3) and Waltham’s high operating leverage were major reasons for its financial problems. Waltham’s operating leverage is 3.85 times‚ which indicates that the operating income is very sensitive to changes in sales. Answer
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Labor Unrest at Toyota India On January 08‚ 2006‚ Toyota Kirloskar Motor Private Limited (TKM) announced an indefinitelockout of its vehicle manufacturing plant at Bidadi located near Bangalore‚ Karnataka. Thedecision was taken following a strike‚ which had entered its third day‚ by the ToyotaKirloskar Motor Employees Union (Employee Union)‚ the only company recognized union.The lockout notice stated that the strike was illegal as the Employee Union did not give themandatory 14 day notice period
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Emp No : Mobile no : Reg. No.____________ E-mail Id : Employees’ Provident Funds Scheme‚ 1952 Form 19 (Refer to instruction) 1 Name of the member in BLOCK LETTERS 2 3 4 Father’s Name or (Husband’s Name in case of married woman) Name & Address of the Factory / Establishment in which the member was employed PF Account No. 5 6 __________________________________________________ ___________________________________________ Date of Leaving
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I completely agree with this statement because these actions demonstrate to workers that they are treated fairly and any concerns they may have are listened to and dealt within an appropriate manner. I think constructive‚ two-way communication builds an environment of trust and strengthens the relationships between the supervisors and employees. As long as employees feel that their voice is being heard and the appropriate action is being taken‚ then they should feel good about the fact that their
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Question 1a & 1b Introduction According to the report “China’s Youth Meet Microsoft” prepared by the National Labor Committee in April 2010‚ KYE Systems Corporations was accused of being a sweatshop‚ while the software giant Microsoft distanced immediately itself from KYE and threatened to terminate production contracts. Like Foxconn-Apple case‚ KYE’s malpractice and Microsoft’s ignorance have together created a no-win situation among both of them‚ workers‚ surrounding communities and the
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When the industrial revolution first came to Britain and the U.S.‚ there was a high demand for labor. Families quickly migrated from the rural farm areas to the newly industrialized cities to find work. Once they got there‚ things did not look as bright as they did. To survive in even the lowest level of poverty‚ families had to have every able member of the family go to work. This led to the high rise in child labor in factories. Children were not treated well‚ overworked‚ and underpaid for a long
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ACTIVITY 5. POWER OF A STUDENT (Teacher’s Notes) PROCESS SKILLS: Measure‚ Observe‚ Compare‚ Test‚ Explain OBJECTIVE: The objective of this activity is to motivate the concept of power‚ or rate at which energy is transformed‚ and to apply it to the rate at which students do work to increase their gravitational potential energy in climbing a flight of stairs. IDEA: Students are asked to measure their gain in gravitational potential energy as they climb a flight of stairs‚ then to calculate the rate
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Background Child Labour is a condemnable phenomenon and elimination of child labour is a feasible objective. It must be eradicated altogether‚ for democratic and healthy growth of the society. Children should grow into adulthood through love and care‚ education and training. Health of the society depends upon the physical‚ moral and spiritual development of its children. The awareness of the problem provided basis for the enactment of the Employment of Children Act‚ 1991 followed by a number
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STATE DIVISIONS IN INDIA-my view INDIA AS WE ALL KNOW GOT its awaiting independence in 1947.but is it fully true? Maybe not! Because India became free from foreign control completely in 1961‚ when the Portuguese left goa and some other adjoining regions in 1961 after military action. FREEDOM from the major invader THE EAST INDIA COMPANY SAW INDIA IN A STRONG STATE TO BUILD A NEW NATION WHICH WOULD BE ECONOMICALLY TERMED AS A DEVELOPING NATION.but was it enough for india to get freedom?? 2
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