KUALA LUMPUR, March 24 (Bernama) - The Ministry of Human Resources (KSM) is deliberating on the detailed mechanism and methods for the implementation of the minimum wage of RM1,500 per month policy, the Dewan Negara was told today. Deputy Human Resource Minister, Datuk Awang Hashim said details of the methods which would take into account the interests of all parties would be tabled at the next Cabinet meeting. The ministry has also drawn up strategies and action plans to ensure that the implementation of the minimum wage policy can help the people to meet basic needs," he said when winding up the debate on the motion of thanks on the Royal Address for his ministry, at the Dewan Negara sitting, here, today. Source: BERNAMA - KSM deliberating on methods for implementation of minimum wage Required: a. Discuss the effect of the increase in the minimum wages towards output using an appropriate diagram. b. As a Top Glove manufacturing manager, do you agree with the minimum wage implementation as a whole? Justify your arguments on how it affects the productivity and GDP.
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
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