This is done through the budgetary policy. It is an attempt to provide social/public good's or it's the process by which total resources are divided
This is done through the budgetary policy. It is an attempt to provide social/public good's or it's the process by which total resources are divided between public goods and private. Social goods are provided by the government. Once provided it becomes available to all members of society, you cannot exclude from consumption those who have not paid for them. When it is possible to exclude it becomes a private good.
b) Distributive function
The allocative function of securing an efficient provision of social goods possesses the problem of distribution. This is a more difficult problem because it deals with who gets what.
Determinants of distribution
In the absence of policy measures, to adjust the prevailing state of distribution, the distribution of income and wealth depends on factors endownment which in turn depend on factor prices.
The amount of land will determine your income in terms of rent
The amount of money you have will determine your income in terms of interest.
How good your job is will determine your income in terms of salary. This state of affairs is not in line with what society considers being fair and just because factor endownment is not evenly distributed. Distribution should be arranged so as to maximize total happiness to all members of society. Distribution should meet certain standards of equity which ultimately must translate to a state of egalitarian (where members of society are treated equally) it's not easy to arrive at this state; the problem is the issue of re-distributioN
QUESTUIONS
1.what are the parameters you could consider as an HR officer when auditing for Financial statements acts?
2.what is the role of Financial Reporting framework in analyzing human resource activities in any financial institution?
3.as a human resource manger, why would you allow for Continuous audits of the employee and transaction dimensions?
4.what are the goals of interim audits in the context of human resource management?
5. apply final audits to relate t the human resource management activities briefly
6.consider procedural audits to conceptualized the nature of the operations of the human resource management activities
7.are the management audits useful in the connection of human resources generalization ?why /why not?
8.conceptualize the principle of the True and fair view in the human resource management in companies
9.elaboarte on the application of the phenomenon of Rights and obligation in human resource management
10.how does the role of completeness chip in to ensure that human resources management hold dignity?
Step by Step Solution
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Step: 1
1 As an HR officer when auditing financial statements you could consider parameters such as employee compensation benefits and related expenses payroll taxes training and development costs recruitment ...See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
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