Subject (SQ): Business Management and Information Systems

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Assesses if co-operatives are owned by shareholders.

Co-operatives are owned by their shareholders.

A   True

B   False

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Determines factors in Mendelow’s stakeholder analysis matrix.

According to Mendelow’s stakeholder analysis matrix, the way in which management should deal with a group of stakeholders about a particular matter should depend on the group’s:

A   power and interest in the matter

B   rights in the matter and power

C   position and interest in the matter

D   rights in the matter and degree of commitment

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Identifies external stakeholders of an organisation.

The external stakeholders of an organisation include:

A   employees, board of directors, suppliers

B   government, suppliers, pressure groups

C   government, board of directors, suppliers

D   pressure groups, management, government

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Explain VPN and its application in accounting with benefits.

Technological developments have had a profound effect on the way organisations organise their work and carry out their operations.

Required:

(a) Briefly explain the following technological development:

(i) Virtual Private Network (VPN)

(b) Suggest an application of this development to the accounting or financial sector, and explain the benefits it would offer.

(a) Briefly explain the following technological development:

(i) Chatbots

(ii) Artificial Intelligence (AI)

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Cloud Computing, Accounting Software, Accessibility, Security, Cost Reduction

The finance department at your organisation, Apex Solutions, is considering moving from traditional accounting software to cloud-based accountancy software.

Required:

Briefly explain FOUR advantages from which the finance department could benefit by moving to cloud-based accountancy software

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List and explain the main advantages of blockchain technology.

(a). List and briefly explain the main advantages of blockchain technology.

(b). Explain what is meant by a 51% attack.

(c). Briefly describe TWO other limitations of blockchain technology.

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Explains the purpose of CRM in understanding customer behavior and improving marketing operations.

(a) Explain the purpose of customer relationship management (CRM).

(b) Discuss the security risks to computer systems and the importance of controls to mitigate errors.

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You're reporting an error for "BMIS – L1 – QE8 – Customer Relationship Management"

Explain steps QuickPath should have taken for software acquisition and defect handling.

TechEasy, a company, is addressing issues with software acquisition and maintenance.
(a) Describe the steps TechEasy should have taken to acquire software and clear software bugs.

(b) Explain how TechEasy should handle software defects and problems in the future.

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You're reporting an error for "BMIS – L1 – QF7 – Software Acquisition"

Explain Business Process Re-engineering for Nexlify.

Nexlify is a large manufacturing firm, dealing in several product lines. Currently, there are plans to explore other foreign markets for its products. 40 staff are tasked with matching goods received notes with orders and then with invoices. It has been observed that an appreciable length of time is spent trying to find why some of the set of three documents do not agree. While some managers recommend the computerisation of the existing process to facilitate matching, others propose the use of Business Process Re-engineering.

(a) Explain Business Process Re-engineering.

(b) State FIVE characteristics of a re-engineered business process.

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You're reporting an error for "BMIS – L1 – QE6 – Introduction to information technology and information systems"

List potential benefits of the internet and e-commerce for suppliers.

List the potential benefits of the internet and e-commerce for:

(a) suppliers

(b) customers

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