Question 1 State four (4) causes and three (3) effects of labour turnover on an entity Question 2 Shell Ltd in the financial year just ended 2016 operated with staff numerical strength of 420. In the course of the year two-thirds of the staff population parted company with the entity for lack of career development schemes. In order to meet the expectation of their loyal customers, they decided to recruit new staff except those in the administration department whose schedules were just auxiliary. The number in the administration department total 30. Required: Estimate the labour turnover rate for the year ended 2016.

Question3 Sunda Company uses 108,000 bags of rice a month for its Fried and Jollof rice business. It costs GH7 to hold one bag of rice in store for one year. The cost of ordering each consignment of rice is GH300. Sunda uses between 480 and 840 bags every week and it takes the suppliers 5 to 7 weeks to deliver the rice ordered. The company is cost conscious and has contacted you as consultant for an advice on stock/inventory control. Using the above information provided by the firm, calculate for her guidance the four (4) critical stock or inventory control levels.