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 – Mar 2023 – L1 – Q2a – Competitive forces and markets

Calculates the price elasticity of demand for a product and explains factors that determine it.

Question

You are the Account Officer of Dinke Café, a company that sells cocoa drink to a wide range of consumers. The company sells a cup of cocoa drink for GH¢2, which yielded a sales output of 10 million cups for the year ending 2021. As part of a promotional package to celebrate its silver jubilee, the company reduced its price to GH¢1.50, which increased its total sales output to 15 million cups for the year ending 2022.

Required:
i) Calculate the price elasticity of demand of Dinke Café.
(4 marks)
ii) Explain THREE (3) factors that might have determined the company’s price elasticity of demand.
(6 marks)

Answer

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Tags: Demand Determinants, Market Analysis, Price Elasticity, Pricing Strategy
Level: Level 1

Topic: Competitive forces and markets
Series: MAR 2023

BMIS – May 2017 – L1 – Q6 – Operations strategy

Explain the concept of market segmentation and describe the main types of segmentation used in marketing.

Question

Markets are not homogeneous. A company cannot connect with all customers in large, broad, or diverse markets. Consumers vary on many dimensions and often can be grouped according to one or more characteristics. A company needs to identify which market segment it can serve effectively.

Required: Explain:
i) Market segment. (4 marks)
ii) Geographic segmentation. (4 marks)
iii) Demographic segmentation. (4 marks)
iv) Psychographic segmentation. (4 marks)
v) Behavioral segmentation. (4 marks)
(Total: 20 marks)

Answer

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Tags: Behavioral Segmentation, Demographic Segmentation, Geographic Segmentation, Market Segmentation, Psychographic Segmentation
Level: Level 1

Topic: Operations strategy
Series: MAY 2017

BMIS – May 2017 – L1 – Q5b – Introduction to business strategy

Explain key concepts related to strategic planning, including strategy, policies, procedures, budgets, and rules.

Question

Question:

Strategic planning has been defined as the process of setting objectives for the organisation and laying down the policies which are to govern the acquisition, usage, and disposal of the resources used to achieve those objectives.

Required: Explain the following:

i) Strategy
ii) Policies
iii) Procedures
iv) Budget
v) Rules
(10 marks)

Answer

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Tags: Budgeting, Policies, Procedures, Rules, Strategic Planning, Strategy
Level: Level 1

Topic: Introduction to Business Strategy
Series: MAY 2017

BMIS – May 2017 – L1 – Q5a – Introduction to information technology and information systems

Introduction to information technology and information systems

Question

There are a large range of information systems available to an organisation, each with different characteristics, reflecting the different roles they perform. Many systems do not fit neatly into a single category.

Required: Describe each of the five systems listed below:

i) Transaction Processing Systems
ii) Management Information Systems
iii) Executive Information Systems
iv) Decision Support Systems
v) Office Automation Systems
(10 marks)

Answer

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Topic: Introduction to information technology and information systems
Series: MAY 2017

BMIS – May 2017 – L1 – Q4b – The internet, cloud computing, IS security and blockchain

Identify key risks threatening system security and data integrity and outline methods to minimize these risks.

Question

Computer systems are exposed to security risks that threaten the security and integrity of both the system and data held in it. These threats are becoming increasingly sophisticated and seem to multiply by the day, resulting in endless headaches for IT professionals.

With each new piece of technology arriving on the scene, a security threat seems to accompany it. The key for IT is to constantly evaluate current security measures and policies to identify any shortcomings that may be exposing the company to risk.

Required: Explain THREE main risks that threaten security and integrity of systems and data held in them and TWO ways to minimize such risks. (10 marks)

Answer

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Tags: Cyber, Data Integrity, IT Security Measures, Risk Management, System Security
Level: Level 1

Topic: The Internet, Cloud Computing, IS Security and Blockchain
Series: MAY 2017

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

Explains five factors the government should consider in determining the structure for the National Youth Employment Programme.

Question

The government of Ghana, on realizing the high levels of unemployment among the youth, decided to establish the National Youth Employment Programme with the sole objective of reducing this unemployment among the youth.

Required:
Elaborate on FIVE (5) factors the government should consider in deciding the appropriate structure for the operations of this organization.

Answer

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Tags: Employment Strategy, Government Programs, Organizational Structure
Level: Level 1

Topic: Business and Organisational Structure
Series: MAR 2023

BMIS – May 2017 – L1 – Q4a – Organisation culture in business

Explain three ways that informal organisational arrangement may be detrimental to an organisation.

Question

a) The informal organisation exists alongside the formal organisation and includes social relationships, informal communication network, behavioral norms, and power structure. Informal organisational arrangement may be detrimental or beneficial to an organisation.

Required:
i) Explain THREE ways that informal organisational arrangement may be detrimental or harmful to an organisation. (6 marks)

Answer

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Tags: Business Culture, Employee Relations, Informal Organisation
Level: Level 1

Topic: Organisation culture in business
Series: MAY 2017

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

Explains four benefits for a partnership converting to a Public Limited Liability Company.

Question

Asante, Oforiwaa, and Obrafour, who are well known to you and have been operating a Partnership for many years, have approached you for advice regarding their decision to convert it into a Public Limited Liability Company.

Required:
Explain FOUR (4) benefits that will be enjoyed by members of the Partnership should they convert it into a Public Limited Liability Company.

Answer

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Tags: Business Benefits, Corporate Structure, Partnership, Public Limited Company
Level: Level 1

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

BMIS – May 2017 – L1 – Q3b – Organisation culture in business

State five advantages and five disadvantages of a strong organizational culture.

Question

b) Both Peters & Waterman and Deal & Kennedy argued that cultural strength is a powerful factor in shaping the behavior and success of organisations. A ‘strong’ culture is one in which key values are widely shared and intensely held by employees.

Required:
i) State FIVE advantages that a strong culture will bring to an organisation. (5 marks)
ii) State FIVE disadvantages that can exist in an organisation due to the practice of a strong culture. (5 marks)

Answer

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Tags: Business Success, Employee Motivation, Organizational Challenges, Organizational Culture
Level: Level 1

Topic: Organisation culture in business
Series: MAY 2017

BMIS – May 2017 – L1 – Q3a – Business and organizational structure

Identify and explain three advantages and two disadvantages of centralization.

Question

a) Djaba Ltd uses an organisational structure in which most power and critical decision-making responsibilities are concentrated with a few key leaders. The organisation often houses its primary decision makers or executives in a central headquarters with offices and meeting areas for leaders to discuss business.

Required:
Identify and explain THREE advantages and TWO disadvantages of this organisational structure to Djaba Ltd. (10 marks)

Answer

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Tags: Centralization, Decision Making, Organizational Structure
Level: Level 1

Topic: Business and Organisational Structure
Series: MAY 2017

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 – Mar 2023 – L1 – Q2a – Competitive forces and markets

Calculates the price elasticity of demand for a product and explains factors that determine it.

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BMIS – May 2017 – L1 – Q6 – Operations strategy

Explain the concept of market segmentation and describe the main types of segmentation used in marketing.

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BMIS – May 2017 – L1 – Q5b – Introduction to business strategy

Explain key concepts related to strategic planning, including strategy, policies, procedures, budgets, and rules.

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BMIS – May 2017 – L1 – Q5a – Introduction to information technology and information systems

Introduction to information technology and information systems

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BMIS – May 2017 – L1 – Q4b – The internet, cloud computing, IS security and blockchain

Identify key risks threatening system security and data integrity and outline methods to minimize these risks.

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

Explains five factors the government should consider in determining the structure for the National Youth Employment Programme.

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BMIS – May 2017 – L1 – Q4a – Organisation culture in business

Explain three ways that informal organisational arrangement may be detrimental to an organisation.

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

Explains four benefits for a partnership converting to a Public Limited Liability Company.

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BMIS – May 2017 – L1 – Q3b – Organisation culture in business

State five advantages and five disadvantages of a strong organizational culture.

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BMIS – May 2017 – L1 – Q3a – Business and organizational structure

Identify and explain three advantages and two disadvantages of centralization.

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