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Hbc2245:Taxation Issues Question Paper

Hbc2245:Taxation Issues

Course:Bachelor Of Commerce

Institution: Meru University Of Science And Technology question papers

Exam Year:2013

QUESTION ONE – (30MARKS)
(a) Define the following terms as used in labour economics. (i) Agency shop (1 Mark) (ii) Closed shop (1 Mark) (iii) Compulsory arbitration (1 Mark) (iv) Population structure (1 Mark) (v) Grievance (1 Mark) (b) Assuming that the production function of a firm is given as ?? = 30?? - ??2. Where; output Q is a function of labour L. Given that the price is 60/= and that wage rate is 30/= per hour. Calculate: (i) The optimal labour force. (3 Marks) (ii) The optimal output. (3 Marks) (iii) The optimal profit. (2 Marks) (c) State and explain the personal qualities that may determine the efficiency of a worker. (6 Marks) (d) Explain the various types of labour mobility. (6 Marks) (e) Explain the shift in labour demand curve and state the factors that cause shift in labour demand curve. (5 Marks)
2
QUESTION TWO – (20 MARKS)
(a) The following is an hypothetical output, cost and revenue schedule of a firm producing TV sets.
Labour units
Output T.P.P
MPPL MRL Wage = 60 MC
Wage = 70 MC
Wage = 90 MC
0 0
1 24
2 47
3 65
4 86
5 100
6 120
7 134
8 145

(i) Given that the price of the TV set is 4000. Complete the table. (9 Marks) (ii) Estimate the optimal labour force for each wage rate. (6 Marks) (b) Explain the following terms as used in labour economics: (i) Wage (ii) Earnings (iii) Total compensation (iv) Income (v) Economic rent (5 Marks)
QUESTION THREE – (20 MARKS)
Discuss the various types of unemployment are suggest a remedy to each. (20 Marks)
3
QUESTION FOUR – (20 MARKS)
(a) Define labour demand elasticity and explain the factors that determine this elasticity. (10 Marks) (b) Explain the factors that determine relative wages. (10 Marks)
QUESTION FIVE – (20 MARKS)
(a) As a HR specialist explain the various theories to support a wage rate policy. (10 Marks) (b) Explain the limitations of marginal productivity theory of wages. (10 Marks)

Hbc2245:Taxation Issues Question Paper

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