Business Management and Information Systems

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

Subject (SQ): Business Management and Information Systems

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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.

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Subject (SQ): Business Management and Information Systems

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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.

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BMIS – L1 – QB4 – Outsourcing Benefits

Identify five benefits of outsourcing for Greenfield Enterprises.

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BMIS – L1 – QB3 – Organisational Structures

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

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BMIS – L1 – QB2 – Management Levels

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

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BMIS – L1 – QB1 – Span of Control

Describe circumstances leading to a narrow span of control.

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BMIS – L1 – QA3 – Stakeholders

Describe Mendelow's power-interest matrix.

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BMIS – L1 – QA2 – Business and Organisational Structure

Identify three business entity types and differentiate their characteristics.

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BMIS – L1 – QA1 – Stakeholders

Define connected stakeholders in a company context.

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