Domestic Industry

Question 1

Describe and explain various forms of regional economic integration agreements.

Briefly explain the main forms of economic integration.

Discuss the trade creation and trade diversion which occur when a country joins a customs union.

Can a trade diverting customs union result in trade creation?

Discuss the costs and benefits of multi national corporations to the home and host countries.

Who gains and who loses? Compare and contrast the effects of a tariff and an import quota as alternative methods of protecting a domestic industry

Question 2

Companies usually, in pursuit of refining their costing system, adopt Activity-Based Costing systems with an aim to arrive at accurate cost figures. Describe, in your own words, the prominent factors/reasons (any four) that contribute to these companies’ taking such initiatives. That is, what are the main factors that are causing these companies to consider refining their costing systems?

Question 3

Choose any existing company of your choice operating in Singapore. The company can be from any industry. Imagine that you have been appointed as the Human Resource (HR) Manager of your chosen company. Your boss has asked you to prepare a report recommending job analysis and job design, recruitment and selection strategies that can be adopted by the company to fulfill its staffing needs in view of overall PM strategies.