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Responding to external factors · Part 2 of 5
9 exam-style questions with model answers, plus 15 quick multi-choice questions — every question on this part of the standard, grouped by the 3 pages of notes they come from.
Write a full answer before you reveal the model one. That comparison is where the learning happens.
Explain how a rise in the minimum wage could affect a large retail business.
Explain, with TWO responses, how a large business could manage the increased costs caused by a rise in the minimum wage.
A large New Zealand hospitality business faces both a minimum wage increase and a rise in the Official Cash Rate in the same year.
Referring to cash flow and staff retention, justify, with TWO reasons, whether it should respond by automating parts of its service or by raising its prices.
Identify and explain a method of industrial action that may be taken by employees.
Explain ONE specific action that management could take in response to an overtime ban, and how it could impact the business.
During collective bargaining, a large employer can either settle at the union's claim to end an overtime ban immediately, or hold its position and manage the disruption.
Referring to operating costs and workplace relationships, justify, with TWO reasons, which response would be more appropriate.
Explain why it is a benefit to a business to belong to an employer association.
Fully explain why it is a benefit to a business to belong to an employer association, and how its membership could positively impact the business.
A large business is deciding whether to continue paying its employer association subscription, or to handle advocacy and employment advice in-house.
Referring to brand reputation and cost, justify, with TWO reasons, whether it should remain a member.