Business 0450 · IGCSE · Recruitment, selection and training of employees
Recruitment, selection and training of employees — practice question
LFK is a coal-mining company. It employs 135 workers, and every employee receives training. Following the dismissal of one of LFK’s employees, a vacancy has arisen for a new supervisor. The firm will use external recruitment. The Managing Director is drawing up a cash flow forecast for LFK. An extract appears in Table 3.1.
(a)[2]
Define ‘dismissal’.
(b)[2]
Calculate the value of X and Y.
(c)[4]
Identify four reasons why a cash flow forecast might be useful to a business.
(d)[6]
Explain two advantages of LFK training its employees.
(e)[6]
Do you think the advantages of external recruitment for a business are greater than the disadvantages? Justify your answer.
Worked solution & mark scheme
This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Employment ends against the employee’s wishes because the contract has not been followed” …