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 – May 2017 – L1 – Q2b – Operations strategy

Outline the five stages in the development of a product or service.

Question

b) Knowing where your products or services are in their development cycle will help you determine refinements or adjustments you may need to make to align them with the vision and strategy you have already developed.

Required:
Outline the FIVE stages that are often followed in the development of a product and service. (5 marks)

Answer

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Tags: Business Strategy, Operations, Product Development
Level: Level 1

Topic: Operations strategy
Series: MAY 2017

BMIS – May 2017 – L1 – Q2a – Competitive forces and markets

Explain how Porter’s Five Forces can assess industry attractiveness.

Question

a) Charis Shoes Ltd has been in existence for 5 years. The Board of Charis Shoes Ltd needs a report on examination of the industry’s attractiveness.

Attractiveness in this context according to the board refers to the overall industry profitability.

Required:
Explain how the Porters Five Forces model can be used to assess the attractiveness of the industry in which Charis Shoes Ltd operates. (15 marks)

Answer

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Tags: Industry Analysis, Market Attractiveness, Porter’s Five Forces
Level: Level 1

Topic: Competitive forces and markets
Series: MAY 2017

BMIS – Dec 2023 – L1 – Q5b – Finance, R&D and marketing strategies

Explains five elements of the 7 Ps of the marketing mix that businesses can use to gain competitive advantage.

Question

Marketing experts have suggested that businesses, particularly service organizations that desire to have efficient and effective performance and gain competitive advantage, should adopt and apply all the 7 Ps of the marketing mix.

Required:

Explain FIVE (5) of these Ps.

Answer

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Tags: 7 Ps, Competitive Advantage, Marketing Mix, Service Marketing
Level: Level 1

Topic: Finance, R&D and marketing strategies
Series: DEC 2023

BMIS – May 2017 – L1 – Q1d – HR – Recruitment

d) The staff of every organisation is a key element for organisational success. Employing the ‘right’ people is therefore essential. A systemic approach to recruitment and selection should be followed. Required: Identify FOUR steps in the recruitment process. (4 marks)

Question

d) The staff of every organisation is a key element for organisational success. Employing the ‘right’ people is therefore essential. A systemic approach to recruitment and selection should be followed.

Required:
Identify FOUR steps in the recruitment process.

(4 marks)

Answer

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Tags: Employee Selection, Human Resources, Recruitment
Level: Level 1

Topic: HR - Recruitment
Series: MAY 2017

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

Explains five factors to consider before implementing a Management Information Systems (MIS) package.

Question

You recently submitted a memorandum to the Operations Sub-Committee of the Board of Directors of your company recommending the installation and implementation of a Management Information Systems (MIS) package in order to enhance operational efficiency.

In response, the Committee has requested you to outline the conditions to be fulfilled before the package could be successfully implemented.

Required:

Explain FIVE (5) factors to be considered before the implementation of the MIS package.

Answer

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Tags: Management Information Systems, MIS Implementation, Operational Efficiency
Level: Level 1

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

BMIS – Dec 2023 – L1 – Q4b – Operations strategy

Explains the functions to be performed by the Head of Quality Control in a manufacturing company.

Question

Mr. Brown has been appointed as head of the Quality Control Department of Real Marines Manufacturing Ltd, a company that processes tuna.

Required:

Explain FIVE (5) functions to be performed by Mr. Brown on his appointment.

Answer

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Tags: Manufacturing, Operations Management, Quality control
Level: Level 1

Topic: Operations strategy
Series: DEC 2023

BMIS – Dec 2023 – L1 – Q4a – HR – Recruitment

Differentiates between recruitment and selection and outlines related activities for each function.

Question

Recruitment and Selection are two main functions performed by the Human Resources Department to fulfill the human resource needs of the organization.

Required:

Differentiate between these TWO (2) functions and outline THREE (3) activities for each of these functions.

Answer

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Tags: HR Functions, Organizational Staffing, Recruitment, Selection
Level: Level 1

Topic: HR - Recruitment
Series: DEC 2023

BMIS – May 2017 – L1 – Q1c – Introduction to information technology and information systems

Describe four qualities of useful information.

Question

c) To be useful, information requires a number of specific qualities. Information systems should therefore aim to produce information that possesses these qualities.

Required:
Describe FOUR qualities of a useful information.

(4 marks)

Answer

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Tags: Data Management, Information Quality, Information Systems
Level: Level 1

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

BMIS – Dec 2023 – L1 – Q3a – Operations strategy

Explains how the production function coordinates with other functional areas to achieve organizational objectives.

Question

Business organizations are established with all the key functional areas to work interactively for the achievement of their short and long-term objectives.

Required:

Explain FIVE (5) ways the production function coordinates its activities with the other functional areas to achieve these objectives.

Answer

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Tags: Coordination, Functional Areas, Organizational Objectives, Production Function
Level: Level 1

Topic: Operations strategy
Series: DEC 2023

BMIS – May 2017 – L1 – Q1b – Business and organisational structure

Identify characteristics of sole proprietorships, partnerships, and limited companies.

Question

b) Identify TWO characteristics each of the following business set ups.
i) Sole proprietorship.
ii) Partnership.
iii) Limited companies.
(6 marks)

Answer

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Tags: Business Structures, Limited Companies, Partnership, Sole Proprietorship
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 – May 2017 – L1 – Q2b – Operations strategy

Outline the five stages in the development of a product or service.

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BMIS – May 2017 – L1 – Q2a – Competitive forces and markets

Explain how Porter’s Five Forces can assess industry attractiveness.

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BMIS – Dec 2023 – L1 – Q5b – Finance, R&D and marketing strategies

Explains five elements of the 7 Ps of the marketing mix that businesses can use to gain competitive advantage.

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BMIS – May 2017 – L1 – Q1d – HR – Recruitment

d) The staff of every organisation is a key element for organisational success. Employing the ‘right’ people is therefore essential. A systemic approach to recruitment and selection should be followed. Required: Identify FOUR steps in the recruitment process. (4 marks)

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

Explains five factors to consider before implementing a Management Information Systems (MIS) package.

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BMIS – Dec 2023 – L1 – Q4b – Operations strategy

Explains the functions to be performed by the Head of Quality Control in a manufacturing company.

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BMIS – Dec 2023 – L1 – Q4a – HR – Recruitment

Differentiates between recruitment and selection and outlines related activities for each function.

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BMIS – May 2017 – L1 – Q1c – Introduction to information technology and information systems

Describe four qualities of useful information.

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BMIS – Dec 2023 – L1 – Q3a – Operations strategy

Explains how the production function coordinates with other functional areas to achieve organizational objectives.

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BMIS – May 2017 – L1 – Q1b – Business and organisational structure

Identify characteristics of sole proprietorships, partnerships, and limited companies.

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