Level 1 – Page 26

BMIS – L1 – QC1 – The external environment

Explain the meaning of 'currency risk' as stated by the president of a car manufacturing company.

Question

The president of a Japanese car manufacturing company, TCM, recently stated that his suit would not expand its production capacity any further at its factory in Nigeria. This factory produces TCM cars for the African market with sales agreed in the local currency of the target market.

The president explained that the reason for this decision was the currency risk. The company was concerned about its competitiveness in the African market. It had a 5% share of the Nigeria cars market, but only a 1% share of the market in the rest of Africa.

Required

Explain what the company president meant by the term ‘currency risk’

Answer

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Tags: African market, Currency Risk, Exchange Rates, International Business, Market competitiveness
Level: Level 1

Topic: The external environment

BMIS – L1 – QB4 – Outsourcing Benefits

Identify five benefits of outsourcing for Greenfield Enterprises.

Question

(a) Your organisation has outsourced most of its functions to adjust to modern trends in organisational management. Identify FIVE benefits that may accrue to your organisation from this arrangement.

(b) Greenfield Enterprises is operating as a medium-sized company in Lagos but has now decided to expand to all the regional capitals, and has therefore decided to decentralise its operations. State FIVE reasons for the decision to decentralise its operations.

Answer

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Tags: Decentralisation, decision making, Organisational Management
Level: Level 1

Topic: Business and organisational structure

BMIS – L1 – QB3 – Organisational Structures

Differentiate between entrepreneurial, functional, divisional, matrix, virtual, and network organisational structures.

Question

Differentiate between the following types of organisational structure:

Entrepreneurial

Functional

Divisional

Matrix

Virtual

Network

Answer

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Tags: Divisional, Entrepreneurial, Functional, Matrix, Network, Organisational Structures, Virtual
Level: Level 1

Topic: Business and organisational structure

BMIS – L1 – QB2 – Management Levels

Identify management level for handling computer system breakdown for inventory control.

Question

(a) At which level of management will the decision be taken for dealing with a breakdown in the computer system for inventory control, and why?

(b) At which level of management will the decision be taken for deciding to expand business operations by moving into the South American market, and why?

(c) At which level of management will the decision be taken for replacing an existing computer system for production planning with a new purpose-written computer system for the planning and control of production processes, and why?

(d) At which level of management will the decision be taken for preparing a sales plan, and why?

Answer

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Tags: Management Levels, Sales Planning, Tactical Decisions
Level: Level 1

Topic: Management and leadership

BMIS – L1 – QB1 – Span of Control

Describe circumstances leading to a narrow span of control.

Question

(a) Describe the circumstances under which you might find a narrow span of control.

(b)(i) State and justify whether you would expect to find a wide or a narrow span of control for the head of research in a small pharmaceuticals company.

(b)(ii) State and justify whether you would expect to find a wide or a narrow span of control for the site manager on a building construction site.

(b)(iii) State and justify whether you would expect to find a wide or a narrow span of control for the head of a department store.

(b)(iv) State and justify whether you would expect to find a wide or a narrow span of control for the fashion manager in a fashion design team.

Answer

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Tags: Design Management, Management, Organisational Structure, Span of Control
Level: Level 1

Topic: Business and organisational structure

BMIS – L1 – QA3 – Stakeholders

Describe Mendelow's power-interest matrix.

Question

(a) Describe Mendelow’s power-interest matrix.

(b) Identify factors that may give substantial power to a stakeholder or a group of stakeholders in an entity, who are either inside or external to the entity.

(c) Suggest how the power-interest matrix may be used by the management of an entity as an aid to implementing a strategic change.

Answer

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Tags: Mendelow Matrix, Stakeholder Management, Strategic Change
Level: Level 1

Topic: The business organisation and its stakeholders

BMIS – L1 – QA2 – Business and Organisational Structure

Identify three business entity types and differentiate their characteristics.

Question

Identify three common types of business entity. Differentiate between the characteristics of each type of entity.

Answer

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Tags: Business Entities, Characteristics, Company, Partnership, Sole Trader
Level: Level 1

Topic: Business and organisational structure

BMIS – L1 – QA1 – Stakeholders

Define connected stakeholders in a company context.

Question

(a) Define ‘connected stakeholders’.

(b) Explain at least one way in which each of the following stakeholders might affect important decisions taken by the board of directors of a large stock market company.

(i) Employees of the company

(ii) Suppliers

(iii) Customers

(iv) A pressure group or special interest group.

Answer

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Tags: Board Decisions, Customers, Employees, Pressure Groups, Stakeholders, Suppliers
Level: Level 1

Topic: The business organisation and its stakeholders

BCL – L1 – Q111 – Governance and ethical issues relating to business

Explain four key functions of an audit committee in corporate governance.

Question

Explain FOUR (4) functions of an audit committee of the Board.

Answer

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Tags: Audit committee, Auditor Independence, Board Oversight, Compliance, Corporate Governance, Ethical Standards, Financial Reporting, Internal Control, Risk Management, Transparency
Level: Level 1

Topic: Governance and ethical issues relating to business

BCL – L1 – Q110 – Human Rights

Identify two fundamental human rights of Mustapha Mensah violated by denial of medical treatment at a clinic.

Question

Mustafa Mensah from the Wata District of Ghana sought health service at the Kumpu Religious Clinic. A clinic devoted only to group members and situated in the Gidigidi District. Mustafa Mensah was on an audit field trip in Gidigidi District when he was taken ill. His neighbours assisted him to the clinic, but he was denied access. The reason was that he was not a member of the religious group and so did not have the right to be attended to at the clinic. Mustafa Mensah was aggrieved that his fundamental rights had been violated.

Required:

(a) In reference to the 1992 constitution of Ghana, state TWO (2) fundamental human rights of Koo Mensah, which may have been violated?

(b) Justify which of the superior courts Mustafa Mensah may apply to seek redress.

Answer

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Tags: Constitutional Law, Court Jurisdiction, Ghana Constitution, Human Rights, Redress
Level: Level 1

Topic: Human Rights

Level (SQ): Level 1

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BMIS – L1 – QC1 – The external environment

Explain the meaning of 'currency risk' as stated by the president of a car manufacturing company.

BMIS – L1 – QB4 – Outsourcing Benefits

Identify five benefits of outsourcing for Greenfield Enterprises.

BMIS – L1 – QB3 – Organisational Structures

Differentiate between entrepreneurial, functional, divisional, matrix, virtual, and network organisational structures.

BMIS – L1 – QB2 – Management Levels

Identify management level for handling computer system breakdown for inventory control.

BMIS – L1 – QB1 – Span of Control

Describe circumstances leading to a narrow span of control.

BMIS – L1 – QA3 – Stakeholders

Describe Mendelow's power-interest matrix.

BMIS – L1 – QA2 – Business and Organisational Structure

Identify three business entity types and differentiate their characteristics.

BMIS – L1 – QA1 – Stakeholders

Define connected stakeholders in a company context.

BCL – L1 – Q111 – Governance and ethical issues relating to business

Explain four key functions of an audit committee in corporate governance.

BCL – L1 – Q110 – Human Rights

Identify two fundamental human rights of Mustapha Mensah violated by denial of medical treatment at a clinic.

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Explain the meaning of 'currency risk' as stated by the president of a car manufacturing company.

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Differentiate between entrepreneurial, functional, divisional, matrix, virtual, and network organisational structures.

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Identify management level for handling computer system breakdown for inventory control.

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Describe circumstances leading to a narrow span of control.

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Define connected stakeholders in a company context.

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Explain four key functions of an audit committee in corporate governance.

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