Business 0450 · IGCSE · Recruitment, selection and training of employees
Recruitment, selection and training of employees — practice question
RHN operates as a clothing retailer. It runs 50 shops and employs 290 people. Every RHN employee receives training. One form of financial reward is commission. When a vacancy arises, the business frequently recruits from within. In the previous year RHN recorded a profit of $1.5$ million. The Managing Director, acting as an internal user of accounts, has been examining RHN’s statement of financial position.
(a)[2]
Define what is meant by ‘commission’.
(b)[2]
Identify any two external users of accounts.
(c)[4]
Identify four uses of the information shown in a statement of financial position.
(d)[6]
Explain two possible reasons why RHN might regard training for its employees as important.
(e)[6]
Do you think the advantages to a business from using internal recruitment 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: “Pay to employees linked to the number/value of sales they achieve” …