Business Management and Information Systems – Page 8

BMIS – L1 – SA – Q5.3 – Introduction to business strategy

Criteria for reviewing a strategy.

Question

When assessing a strategy, management should particularly review its:

A suitability, acceptability and feasibility

B long term financial returns

C core growth prospects

D impact on product development and potential market share impact

Answer

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Tags: acceptability, feasibility, strategy assessment, suitability
Level: Level 1

Topic: Introduction to business strategy

BMIS – L1 – SA – Q5.2 – Introduction to business strategy

Identifies where a company expresses its purpose.

Question

A company might express the essential purpose of its existence in:

A its strategic plan

B a mission statement

C its corporate objectives

D a position audit

Answer

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Tags: business purpose, Corporate objectives, Mission Statement
Level: Level 1

Topic: Introduction to business strategy

BMIS – L1 – SA – Q5.1 – Introduction to business strategy

business strategy, strategic management, objectives, long-term planning Question Short Summary: Identifies the importance of strategic management.

Question

Which one of the following best describes the reason why strategic management is important?

A It allows managers to create proper budgets

B It establishes long term objectives and a framework

C It focuses on tactical actions

D It allows the development of policies

Answer

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Tags: Business Strategy, long-term planning, Objectives, Strategic management
Level: Level 1

Topic: Introduction to business strategy

BMIS – L1 – SA – Q4.5 – The external environment

Evaluates cause of ageing population trend.

Question

The ageing population trend in many countries is caused by a decreasing birth rate and a decreasing mortality rate. True or false?

A True

B False

Answer

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Tags: Ageing Population, Birth rate, Demographic trends, Mortality rate
Level: Level 1

Topic: The external environment

BMIS – L1 – SA – Q4.4 – The external environment

Defines role of a lobby group in representing company interests

Question

A lobby group is a group of individuals or a specialist firm that:

A represents the interests of the country with companies, politicians, government bodies and government officials

B represents the interests of a charity with politicians, government bodies and government officials

C actively represents the interests of a company with politicians, government bodies and government officials

Answer

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Tags: Advocacy, external stakeholders, Lobby group, Political influence
Level: Level 1

Topic: The external environment

BMIS – L1 – SA – Q4.3 – The external environment

Determines scope of data protection laws for personal data.

Question

Data protection laws apply to:

A any person holding data about individuals

B any person or business organisation holding personal data about individuals including personal data about customers and employees

C any person or business organisation holding data about individuals but not including data about customers and employees

D any person or business organisation holding personal data about individuals but not including personal data about customers and employees

Answer

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Tags: Data protection, Personal data, Privacy laws, Regulatory environment
Level: Level 1

Topic: The external environment

BMIS – L1 – SA – Q4.2 – The external environment

Identifies employment law protecting employees from unjust dismissal.

Question

Which of the following types of employment law is intended to give employees a legal right to remain in their job unless the employer has a justifiable reason for getting rid of them?

A Redundancy law

B Anti-discrimination law

C Minimum wage law

D Unfair dismissal law

Answer

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Tags: Employee Rights, Employment Law, Legal Environment, Unfair Dismissal
Level: Level 1

Topic: The external environment

BMIS – L1 – SA – Q4.1 – The external environment

Identifies factor causing Ghanaian Cedi exchange rate to fall.

Question

Question: Which of the following will cause the exchange rate value of the Ghanaian Cedi to fall?

A A rise in demand for Ghanaian exports by non-residents

B A rise in Ghanaian interest rates

C A desire by multinational companies to expand their manufacturing base in Ghana

D An expansion of the Ghanaian community’s desire to travel to other countries

Answer

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Tags: Currency valuation, Economic Factors, Exchange rate, External environment, Ghanaian Cedi
Level: Level 1

Topic: The external environment

BMIS – L1 – SA – Q3.5 – Organisation culture in business

Identifies Handy’s culture type for a matrix or project-based organisation.

Question

Which of Handy’s culture types is described below? This culture is reflected in a matrix organisation or in project teams established to achieve specific tasks. People describe their positions in terms of the results they are achieving. Authority is based on appropriate knowledge and competence. If individuals do not have the skills or knowledge to perform the task, they are either retrained or replaced. Emphasis is placed on flexibility. Collaboration is sought if this promotes goal achievement.

A Power culture

B Task culture

C Role culture

D Person culture

Answer

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Tags: Charles Handy, Flexibility, Matrix organisation, Project teams, task culture
Level: Level 1

Topic: Organisation culture in business

BMIS – L1 – SA – Q3.4 – Organisation culture in business

Identifies Hofstede’s cultural dimension for self-reliance.

Question

The cultural dimension that describes a cultural value where individuals are expected to take care of themselves is referred to by Hofstede as:

A Individualism

B Collectivism

C Power distance

D Masculinity

Answer

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Tags: Business culture, cultural dimensions, Hofstede, Individualism, Self-reliance
Level: Level 1

Topic: Organisation culture in business

Subject (SQ): Business Management and Information Systems

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BMIS – L1 – SA – Q5.3 – Introduction to business strategy

Criteria for reviewing a strategy.

BMIS – L1 – SA – Q5.2 – Introduction to business strategy

Identifies where a company expresses its purpose.

BMIS – L1 – SA – Q5.1 – Introduction to business strategy

business strategy, strategic management, objectives, long-term planning Question Short Summary: Identifies the importance of strategic management.

BMIS – L1 – SA – Q4.5 – The external environment

Evaluates cause of ageing population trend.

BMIS – L1 – SA – Q4.4 – The external environment

Defines role of a lobby group in representing company interests

BMIS – L1 – SA – Q4.3 – The external environment

Determines scope of data protection laws for personal data.

BMIS – L1 – SA – Q4.2 – The external environment

Identifies employment law protecting employees from unjust dismissal.

BMIS – L1 – SA – Q4.1 – The external environment

Identifies factor causing Ghanaian Cedi exchange rate to fall.

BMIS – L1 – SA – Q3.5 – Organisation culture in business

Identifies Handy’s culture type for a matrix or project-based organisation.

BMIS – L1 – SA – Q3.4 – Organisation culture in business

Identifies Hofstede’s cultural dimension for self-reliance.

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Subject (SQ): Business Management and Information Systems

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Criteria for reviewing a strategy.

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