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 2017 – L1 – Q1a – Business and organisational structure

Outline factors to justify the adoption of the matrix organization structure and explain challenges associated with it.

Question

a) Your Chief Executive Officer has suggested that the numerous problems confronting your organization are as a result of the type of organization structure adopted and has requested your advice regarding a change to the matrix structure.

Required:
i) Outline FIVE factors to justify the adoption of the matrix organization structure.
(5 marks)

ii) Explain FIVE challenges associated with matrix organization structure.
(5 marks)

Answer

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Tags: Challenges, Flexibility, Inefficiency, Information Flow, Knowledge Pool, Matrix Structure, Organizational Structure, Role Conflict
Level: Level 1

Topic: Business and Organisational Structure
Series: NOV 2017

BMIS – Mar 2023 – L1 – Q5b – The external environment

Conducts a PEST analysis for Prekoka Beverages Ltd based on provided business challenges and opportunities.

Question

Prekoka Beverages Ltd (PBL) was established in 2022. The company manufactures alcoholic and non-alcoholic beverages. The company uses a modern automation system and a lean manufacturing system to ensure operational efficiency. The company is very optimistic about the future due to the increase in disposable income of the people in the country.

The management of the company is, however, concerned about the government’s proposal to increase regulations in the manufacturing of alcoholic beverages because of a research publication that alcoholic beverage consumption is causing health problems for consumers in the country.

The company also faces a challenge predicting its future revenue because the section of the population with purchasing power is conscious of their consumption patterns and, as a result, are reluctant to purchase sugar-based beverages. Additionally, the recent population census in Ghana indicated that the female population (which normally doesn’t consume alcoholic beverages) surpasses the male population.

Even though the management of PBL is confronted with the above challenges, they are optimistic about the future because there is strong economic and political stability that facilitates business growth in the country. PBL also has an efficient research and development team that can develop new products to meet the changing needs and tastes of consumers.

Required:
Prepare a PEST framework for PBL based on the above information.

Answer

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Tags: Business Environment, PEST Analysis, Strategic Planning
Level: Level 1

Topic: The external environment
Series: MAR 2023

BMIS – Mar 2023 – L1 – Q5a – Introduction to information technology and information systems

Differentiates between data and information and explains essential qualities of information.

Question

One of the most important resources Management of an organization requires in order to make meaningful decisions is credible information which has often been wrongly referred to as data.

Required:
i) Distinguish between data and information.
(2 marks)
ii) Explain FOUR (4) essential qualities of information.
(8 marks)

Answer

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Tags: Data vs Information, Decision Making, Information Quality
Level: Level 1

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

BMIS – May 2017 – L1 – Q7b – Operations strategy

Identify the key differences between service and manufacturing organizations concerning capacity management.

Question

Both service and manufacturing companies have goals of satisfying customer demand. However, service organizations differ from manufacturing organizations when considering capacity management. Maintaining sufficient capacity to meet demand is one of the great challenges of operations management.

Required: Identify FOUR differences between service and manufacturing organizations in relation to capacity management. (8 marks)

Answer

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Tags: Capacity Management, Manufacturing Organizations, Operations Management, Service Organizations
Level: Level 1

Topic: Operations strategy
Series: MAY 2017

BMIS – Mar 2023 – L1 – Q4c – HR – Training and development

Explains job rotation as a method of on-the-job training.

Question

Explain job rotation as a method of on-the-job training.

Answer

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Tags: Employee Development, Job Rotation, On-the-Job Training
Level: Level 1

Topic: HR - Training and Development
Series: MAR 2023

BMIS – Mar 2023 – L1 – Q4b – HR – Other human resources functions

Explains the concepts of job enlargement, job enrichment

Question

b) Design of workplaces aims to improve work organization and improve competencies of employees. Two main approaches in the design of workplaces are specialization and alternative methods. The most popular alternative methods are job enrichment and job enlargement. The effective and efficient design of workplaces must be compatible with the organizational structure of the company and its specificity, management methods, and defined objectives.

Required:
i) Explain job enlargement.
(3 marks)
ii) Explain job enrichment.
(3 marks)

Answer

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Tags: Employee Motivation, Job Design, Job Enlargement, Job Enrichment, Job Rotation
Level: Level 1

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

BMIS – May 2017 – L1 – Q7a – The external environment

Explain the concept of globalization, its key features, and the factors encouraging its spread in world trade.

Question

The concept of globalization has become a major discussion theme in both professional and business environments. A number of factors have been identified as encouraging globalization of world trade.

Required:

i) Explain globalization. (2 marks)

ii) Identify any FOUR features of globalization. (4 marks)

iii) Explain any FOUR factors encouraging the globalization of world trade. (6 marks)

(Total: 12 marks)

Answer

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Tags: Capacity Management, Factors Encouraging Globalization, Features of Globalization, Globalization, Service vs. Manufacturing
Level: Level 1

Topic: The external environment
Series: MAY 2017

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

Explains performance appraisal and its benefits to both employers and employees.

Question

Formal Performance Appraisals can be of huge benefit to both the employer and the employee. Unfortunately, however, they are increasingly undervalued and underutilized by both parties and as a result viewed as a tradition to be performed within a specified period of time.

Required:
i) Explain Performance Appraisal.
(2 marks)
ii) Explain THREE (3) benefits of performance appraisal to the employer.
(4.5 marks)
iii) Explain THREE (3) benefits of performance appraisal to the employee.
(4.5 marks)

Answer

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Tags: Employee Evaluation, HR Benefits, Performance Appraisal
Level: Level 1

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

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

Differentiates between management and leadership, power and authority, and explains the basic functions of management.

Question

Since being employed by Barry Ltd as Executive Assistant to the Chief Executive Officer about three months ago, you have always heard employees, including some middle-level Managers, use ‘Management’ and ‘Leadership’ interchangeably, which you think is not right.

A staff durbar is scheduled to take place in the next few days, and you have decided to use the platform to educate members of staff on the two concepts as a form of orientation.

Required:
a) Differentiate between ‘Management’ and ‘Leadership’.
(5 marks)
b) Distinguish between ‘Power’ and ‘Authority’.
(5 marks)
c) Explain FOUR (4) basic functions of Management.
(10 marks)

Answer

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Tags: Authority, Functions of Management, Leadership, Management, Power
Level: Level 1

Topic: Management and leadership
Series: MAR 2023

BMIS – Mar 2023 – L1 – Q2b – Introduction to business strategy

Explains the three levels of planning within an organization: strategic, tactical, and operational.

Question

Strategic plans set a framework and guidelines within which more detailed plans and shorter-term planning decisions can be made.

Required:
Explain THREE (3) levels of planning within an organisation.

Answer

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Tags: Operational Planning, Strategic Planning, Tactical Planning
Level: Level 1

Topic: Introduction to Business Strategy
Series: MAR 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 2017 – L1 – Q1a – Business and organisational structure

Outline factors to justify the adoption of the matrix organization structure and explain challenges associated with it.

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BMIS – Mar 2023 – L1 – Q5b – The external environment

Conducts a PEST analysis for Prekoka Beverages Ltd based on provided business challenges and opportunities.

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BMIS – Mar 2023 – L1 – Q5a – Introduction to information technology and information systems

Differentiates between data and information and explains essential qualities of information.

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BMIS – May 2017 – L1 – Q7b – Operations strategy

Identify the key differences between service and manufacturing organizations concerning capacity management.

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BMIS – Mar 2023 – L1 – Q4c – HR – Training and development

Explains job rotation as a method of on-the-job training.

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BMIS – Mar 2023 – L1 – Q4b – HR – Other human resources functions

Explains the concepts of job enlargement, job enrichment

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BMIS – May 2017 – L1 – Q7a – The external environment

Explain the concept of globalization, its key features, and the factors encouraging its spread in world trade.

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

Explains performance appraisal and its benefits to both employers and employees.

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

Differentiates between management and leadership, power and authority, and explains the basic functions of management.

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BMIS – Mar 2023 – L1 – Q2b – Introduction to business strategy

Explains the three levels of planning within an organization: strategic, tactical, and operational.

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