Subject: BUSINESS MANAGEMENT & INFORMATION SYSTEMS

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BMIS-Nov-2024-L1-Q5c-Benefits of Internet and E-commerce for Suppliers and Customers

Explains the benefits of internet and e-commerce for suppliers and customers.

Question

The internet and e-commerce have become important channels for marketing and selling products, and the internet can also be a distribution channel for products.
Required:
State FOUR potential benefits of the internet and e-commerce for each of the following:
i) Suppliers
ii) Customers

Answer

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Tags: Customers, Distribution, E-commerce, Internet, Marketing, Suppliers
Level: Level 1

Topic: Internet and E-commerce
Series: Nov 2024

BMIS-Nov-2024-L1-Q5b- Example of a Non-Traditional Product Life Cycle

Identifies and explains a product or service whose life cycle doesn't follow the traditional stages.

Question

Identify and explain an example of a product or service whose life cycle has not conformed to the traditional pattern of introduction, growth, maturity, and decline.

Answer

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Tags: Business Strategy, Market Phases, Product Development, Product Life Cycle
Level: Level 1

Topic: Business Strategy, Product Life Cycle
Series: Nov 2024

BMIS-Nov-2024-L1-Q5a- Product Life Cycle Stages

Match products to their corresponding stages in the product life cycle: introduction, growth, maturity, and decline.

Question

A typical product life cycle has four main phases: introduction, growth, maturity, and decline.
Required:
Twelve products are listed below. Match these products to the stage they have probably reached in their life cycle, by filling in the following table.

Online music downloads
SMS messaging
(Hand-written) postcards
Personal identity cards using ‘iris-based’ technology
Folding screen mobile phones
Credit cards
Personal computers
Fifth generation (5G) mobile telephones
Cheque books
Typewriters
Smart cards (in banking)
E-conferencing

Answer

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Tags: Decline, Growth, Market Phases, Maturity, Product Life Cycle
Level: Level 1

Topic: Product Life Cycle
Series: Nov 2024

BMIS-Nov-2024-L1-Q4b-Performance Appraisal and Employee Competence

Describes the components of performance appraisal and suggests ways to assess employee competence.

Question

A performance appraisal is a periodic and systematic process whereby the job performance of an employee is documented and evaluated. The performance appraisal process allows employees to understand specific competencies they excel at and where they might need improvement.
Required:
i) Describe THREE components of performance appraisal.
ii) Suggest how the competence of an employee might be assessed

Answer

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Tags: Competence Assessment, Employee Evaluation, HR Functions, Performance Appraisal
Level: Level 1

Series: Nov 2024

BMIS-Nov-2024-L1-Q4a-Advantages of Appointing a Single Distributor in Ghana

Discusses the advantages of appointing a single distributor for business operations in Ghana.

Question

Beta Equipment is a Taiwanese manufacturer of various types of printers and has recently decided to export its products to Ghana. Beta Equipment is considering appointing a single distributor in Ghana who would represent the exporter and would be responsible for the entire marketing operations in this country.
Required:
Explain FIVE advantages that Beta Equipment would achieve through the appointment of a single distributor for import and distribution of its products in Ghana.

Answer

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Tags: Business Strategy, Distribution, International Expansion, Logistics, Marketing
Level: Level 1

Topic: Operations strategy
Series: Nov 2024

BMIS-Nov-2024-L1-Q3c-Explanation of a “51% Attack” in Blockchain

Defines a "51% attack" in blockchain and explains its implications.

Question

Blockchain consists of multiple ‘blocks’ of digital information which are held in a public database known as a ‘chain’. Blockchain technology offers a number of advantages. However, it is susceptible to a form of cyber-attack known as 51% attack.
Required:
Explain what is meant by “51% attack”.

Answer

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Tags: 51% Attack, Blockchain, Cyber Attack, Security, Technology
Level: Level 1

Topic: Cybersecurity
Series: Nov 2024

BMIS-Nov-2024-L1-Q3b-Hofstede’s Dimensions of Organisational Culture

Explains Hofstede's cultural dimensions and what a 51% blockchain attack entails.

Question

Culture is a set of dominant beliefs, attitudes, values, and norms that is shared by a number of people. It is the collective programming of the mind that distinguishes the members of one group from members of another group. Likewise, the culture of a business organisation in one country will differ from the culture of organisations in a different country. Multinational companies face the challenge of trying to create a common original culture for an organisation that operates across national boundaries.
Hofstede developed a cultural dimension theory used to understand differences in culture across countries and the ways that business is done across different cultures.
Required:
According to Hofstede, explain FOUR dimensions to differences in organisational culture arising from differences in national culture.

Answer

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Tags: 51% Attack, Blockchain, Cybersecurity, Hofstede's Dimensions, Organisational Culture
Level: Level 1

Topic: Culture in business
Series: Nov 2024

BMIS-Nov-2024-L1-Q3a- Arguments Against Maximizing Shareholder Wealth Through Rational Strategic Planning

This question discusses arguments against the notion that a company should focus solely on maximizing shareholder wealth through rational strategic planning.

Question

A company should make rational strategic plans with the aim of maximising the wealth of its equity shareholders.”

Explain the arguments against the above statement.

Answer

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Tags: Business Strategy, Rational Planning, Shareholder Wealth, Short-term, Strategic Planning
Level: Level 1

Topic: Employment law
Series: Nov 2024

BMIS-Nov-2024-L1-Q2b- Economic Factors Influencing Business Opportunities and Threats

Economic factors that shape business opportunities or threats based on the PEST model.

Question

Explain THREE economic factors which determine the nature of opportunities or threats that organisations may face.

Answer

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Tags: Business Strategies, Economic Factors, Macro-Environment, Opportunities, PEST, Threats
Level: Level 1

Topic: Agency Law
Series: Nov 2024

BMIS-NOV2024-LV1-Q2a-Monopoly Control and Government Action

disadvantages of monopolies and government actions against them.

Question

a) A monopoly is a market structure in which a single seller or producer assumes a dominant position in an industry or a sector. In most jurisdictions, legislations are in place to restrict monopolies and ensure that one business cannot control the market.

Required:
i) Explain THREE reasons monopoly control over a market might be undesirable.
ii) Suggest THREE ways in which the government might act against monopolies.

Answer

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Tags: Government intervention, Monopoly, PEST Analysis
Level: Level 1

Topic: Monopoly Control and Government Action
Series: Nov 2024

BMIS – Nov 2023 – L1 – Q4a – HR – Other human resources functions

Explain five responsibilities of an employer regarding the health and safety of employees in the workplace.

Question

Organisations are investing large sums of money in systems and procedures in their attempt to ensure safe and healthy working environments for their employees. This is because a breach of any legal or other obligation in that regard can lead to severe consequences.

Required: Explain FIVE (5) responsibilities of an employer as far as the health and safety of its employees are concerned. (10 marks)

Answer

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Tags: Employee Health, Employer responsibilities, Legal obligations, Occupational health, Workplace Safety
Level: Level 1

Topic: HR - Other Human Resources functions
Series: NOV 2023

BMIS – Nov 2023 – L1 – Q3 – Management and leadership

Explain workplace conflict, describe its characteristics, and suggest measures for a supervisor to manage conflicts effectively.

Question

A healthy conflict within an organisation can lead to the generation of new and improved methods of doing things and possibly increased productivity. However, if not properly handled, a conflict could become destructive and have negative consequences on the operations of the organisation.

Required: a) Explain conflict at the workplace. (2 marks)

b) Explain SIX (6) characteristics of a workplace conflict. (12 marks)

c) Suggest THREE (3) measures you would adopt as a Supervisor to manage a conflict. (6 marks)

Answer

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Tags: Conflict management, Organizational Behavior, Supervisory skills, Workplace conflict
Level: Level 1

Topic: Management and leadership
Series: NOV 2023

BMIS – Nov 2023 – L1 – Q2c – Business and organisational structure

State five factors that business organizations consider when setting prices for their products to remain competitive and attractive to customers.

Question

Business organisations consider several factors when setting prices for their products. This is to enable them remain competitive and also remain attractive to customers.

Required: State FIVE (5) of these factors. (5 marks)

Answer

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Tags: Business operations, Competition, Market factors, Pricing Strategy, Product lifecycle
Level: Level 1

Topic: Business and Organisational Structure
Series: NOV 2023

BMIS – Nov 2023 – L1 – Q2b – The external environment

Describe two of the three approaches (expenditure, income, value-added) used by economists to measure a country's Gross Domestic Product (GDP).

Question

In measuring a country’s Gross Domestic Product (GDP), economists use the expenditure approach, income approach and the value-added approach.

Required: Describe TWO (2) of these approaches. (5 marks)

Answer

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Tags: Economic measurement, Expenditure approach, GDP, Income approach, Value-added approach
Level: Level 1

Topic: The external environment
Series: NOV 2023

BMIS – Nov 2023 – L1 – Q2a – The external environment

Explain five ways the Government of Ghana can improve the business environment to help private enterprises thrive.

Question

It can be argued that the public sector must not directly engage in business but rather direct efforts and resources at securing an enabling environment in which the private sector which has been described as the engine of growth of the economy can flourish.

Required: Explain FIVE (5) ways by which the Government of Ghana can improve the business environment in order that private enterprises can thrive. (10 marks)

Answer

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Tags: Business Environment, Economic growth, Government Policy, Private Sector
Level: Level 1

Topic: The external environment
Series: NOV 2023

BMIS – Nov 2023 – L1 – Q1b – Business and organisational structure

Explain the disadvantages of the matrix organisational structure.

Question

Despite the many advantages associated with the matrix organisational structure which has made its use almost universal, there are also some challenges that confront a firm which adopts it.
Required:
Explain FIVE (5) disadvantages of the matrix organisational structure.

Answer

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Tags: Management, Matrix Structure, Organisational Structure
Level: Level 1

Topic: Business and Organisational Structure
Series: NOV 2023

BMIS – Nov 2023 – L1 – Q1a – The business organisation and its stakeholders

Explain the characteristics of organisational objectives.

Question

Management philosophers are unanimous about the fact that the quality of objectives largely
determines how useful they are thus improving their chances of being attained. Several
guidelines have subsequently been established over time to help managers develop high quality organisational objectives
Required:
Explain FIVE (5) characteristics of an organisational objective.

Answer

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Tags: Management, Objectives, Organisational Goals
Level: Level 1

Topic: The Business Organisation and its Stakeholders
Series: NOV 2023

BMIS – July 2023 – Q5b – Competitive forces and markets

Explain five factors that can pose a threat to the successful operations of a business.

Question

A Threat which is an element of SWOT can be described as a factor or situation in a firm’s external environment that can be an obstacle to the efficient operations of the organisation. Required: In reference to the statement above, explain FIVE (5) factors which can pose a threat to the successful operations of a business organisation.

Answer

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Tags: Business Environment, Competitive Forces, SWOT Analysis, Threats
Level: Level 1

Topic: Competitive forces and markets
Series: JULY 2023

BMIS – July 2023 – Q5a – Introduction to information technology and information systems

Explain a Transaction Processing System and describe four of its characteristics.

Question

The company in which you work as Clients’ Services Manager has recently registered a steep growth in its customer base. To cater for this level of growth and future occurrences, you have decided to recommend to management to consider the acquisition and installation of a Transaction Processing System (TPS).

Required:
i) Explain a Transaction Processing System. (2 marks)
ii) Explain FOUR (4) characteristics of a Transaction Processing System. (8 marks)

Answer

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Tags: Business Technology, IT Systems, TPS, Transaction Processing System
Level: Level 1

Topic: Introduction to information technology and information systems
Series: JULY 2023

BMIS – July 2023 – Q4b – Operations strategy

List and explain five advantages of a product layout in manufacturing.

Question

Product layout is a production layout used for manufacturers who produce large volumes of goods to ensure smooth rapid flow of production. Required: Highlight FIVE (5) advantages of a product layout.

Answer

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Tags: Advantages, Efficiency, Manufacturing, Operations Strategy, Product Layout
Level: Level 1

Series: JULY 2023

Subject: BUSINESS MANAGEMENT & INFORMATION SYSTEMS

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BMIS-Nov-2024-L1-Q5c-Benefits of Internet and E-commerce for Suppliers and Customers

Explains the benefits of internet and e-commerce for suppliers and customers.

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BMIS-Nov-2024-L1-Q5b- Example of a Non-Traditional Product Life Cycle

Identifies and explains a product or service whose life cycle doesn't follow the traditional stages.

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BMIS-Nov-2024-L1-Q5a- Product Life Cycle Stages

Match products to their corresponding stages in the product life cycle: introduction, growth, maturity, and decline.

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BMIS-Nov-2024-L1-Q4b-Performance Appraisal and Employee Competence

Describes the components of performance appraisal and suggests ways to assess employee competence.

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BMIS-Nov-2024-L1-Q4a-Advantages of Appointing a Single Distributor in Ghana

Discusses the advantages of appointing a single distributor for business operations in Ghana.

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BMIS-Nov-2024-L1-Q3c-Explanation of a “51% Attack” in Blockchain

Defines a "51% attack" in blockchain and explains its implications.

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BMIS-Nov-2024-L1-Q3b-Hofstede’s Dimensions of Organisational Culture

Explains Hofstede's cultural dimensions and what a 51% blockchain attack entails.

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BMIS-Nov-2024-L1-Q3a- Arguments Against Maximizing Shareholder Wealth Through Rational Strategic Planning

This question discusses arguments against the notion that a company should focus solely on maximizing shareholder wealth through rational strategic planning.

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BMIS-Nov-2024-L1-Q2b- Economic Factors Influencing Business Opportunities and Threats

Economic factors that shape business opportunities or threats based on the PEST model.

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BMIS-NOV2024-LV1-Q2a-Monopoly Control and Government Action

disadvantages of monopolies and government actions against them.

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BMIS – Nov 2023 – L1 – Q4a – HR – Other human resources functions

Explain five responsibilities of an employer regarding the health and safety of employees in the workplace.

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BMIS – Nov 2023 – L1 – Q3 – Management and leadership

Explain workplace conflict, describe its characteristics, and suggest measures for a supervisor to manage conflicts effectively.

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BMIS – Nov 2023 – L1 – Q2c – Business and organisational structure

State five factors that business organizations consider when setting prices for their products to remain competitive and attractive to customers.

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BMIS – Nov 2023 – L1 – Q2b – The external environment

Describe two of the three approaches (expenditure, income, value-added) used by economists to measure a country's Gross Domestic Product (GDP).

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BMIS – Nov 2023 – L1 – Q2a – The external environment

Explain five ways the Government of Ghana can improve the business environment to help private enterprises thrive.

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BMIS – Nov 2023 – L1 – Q1b – Business and organisational structure

Explain the disadvantages of the matrix organisational structure.

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BMIS – Nov 2023 – L1 – Q1a – The business organisation and its stakeholders

Explain the characteristics of organisational objectives.

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BMIS – July 2023 – Q5b – Competitive forces and markets

Explain five factors that can pose a threat to the successful operations of a business.

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BMIS – July 2023 – Q5a – Introduction to information technology and information systems

Explain a Transaction Processing System and describe four of its characteristics.

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BMIS – July 2023 – Q4b – Operations strategy

List and explain five advantages of a product layout in manufacturing.

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