ATTEMPT ALL QUESTIONS WAGE LEGISLATION

1    Define the term wage legislation                                     (3 mrks)

2    With an illustration, explain what minimum wage legislation means   (5 mrks)

3   Why do you think a minimum price should be set           (5 mrks)

4   What are the costs of having high minimum wage        (5 mrks)

5   What is maximum wage legislation                             (3 mrks)

6   Examine the effects of maximum wage legislation        (10 mrks)

7   What do we mean by the following terms;

i     piece rate method

ii   Time rate method

iii  Bonus payment

iv  Payment in kind                                      (4 mrks)