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 2015 – L1 – Q7 – The internet, cloud computing, IS security, and blockchain

Discuss the proper acquisition of software and handling of software defects and problems.

Question

SoEasy is a medium-sized firm in the detergent manufacturing sector. It started operations in 2008 and its customer base is quite large, comprising both foreign and local firms and individuals.

In July 2012, the management of SoEasy approved the automation of its operations using an off-the-shelf package. Around May 2013, a number of defects and problems were identified with the software. The local agents of the software providers were accordingly invited for a discussion and solution of the defects and problems.

The management of SoEasy directed that to save time, the agents should quickly do the fixes on their own for normal operations to continue.

After the agents reported they had completed their job, operations continued without any tests being performed. Two months later, operations nearly came to a halt because of software issues.

Required:
a) Explain how the software should have been acquired and the bugs (software errors) corrected. (10 marks)
b) Advise the management of SoEasy on the way software defects and problems should have been handled in the future. (10 marks)

Answer

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Tags: Defect Management, Information Systems, Software Acquisition, Software Testing
Level: Level 1

Topic: The Internet, Cloud Computing, IS Security and Blockchain
Series: NOV 2015

BMIS – Aug 2022 – L1 – Q3a – Business and organisational structure

Explains the benefits an organization would gain from integrating all of its operations.

Question

Integrating the operations of an organization is a decision that many find difficult to make as it is possible to find architectures that adapt to different requirements. Despite this, business integration is a necessity because of the success and benefits it brings to corporations and businesses.

Required:

Explain FIVE (5) benefits an organization would gain from integrating all of its operations.

Answer

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Tags: Business Integration, Cost reduction, Operational Efficiency
Level: Level 1

Topic: Business and Organisational Structure
Series: AUG 2022

BMIS – Aug 2022 – L1 – Q2b – The external environment

Explains demand-pull and cost-push inflation and outlines strategies the government can implement to address negative macroeconomic conditions.

Question

The outbreak of the COVID-19 pandemic resulted in most countries experiencing negative macroeconomic conditions such as demand-pull inflation or cost-push inflation. These conditions have caused governments in both developed and developing countries to implement actions to mitigate the associated effects.

Required:

i) Explain these TWO (2) types of inflation.
(4 marks)

ii) Explain THREE (3) strategies the government of Ghana can implement to address these negative macroeconomic conditions.
(6 marks)

Answer

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Level: Level 1

Topic: The external environment
Series: AUG 2022

BMIS – Nov 2015 – L1 – Q6 – Operations strategy

Explain different types of operation layouts, including fixed-position, process, and product layouts.

Question

The layout of an operation is concerned with the physical location of its transforming resources. It concerns the decision to put all the facilities, machines, equipment, and staff into the operation. After the process type has been selected, the basic layout type needs to be selected.

Required:
Explain the following; giving an example each:
a) Fixed-position layout. (7 marks)
b) Process layout. (6 marks)
c) Product layout. (7 marks)

Answer

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Tags: Fixed Position Layout, Operation Layout, Process Layout, Product Layout
Level: Level 1

Topic: Operations strategy
Series: NOV 2015

BMIS – Aug 2022 – L1 – Q2a – The business organisation and its stakeholders

Explains the concepts of mission, vision, values, strategy, and objectives as they relate to a business organization.

Question

Explain the following as they relate to a business organisation:

i) Mission
ii) Vision
iii) Values
iv) Strategy
v) Objective

Answer

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Tags: Mission, Objectives, Strategy, Values, Vision
Level: Level 1

Topic: The Business Organisation and its Stakeholders
Series: AUG 2022

BMIS – Aug 2022 – L1 – Q1b – Business and organisational structure

Defines centralization and explains the benefits of centralizing operations in an organization.

Question

Alpha & Omega Ltd, a medium-sized company with branches throughout the country, has decided to close many of its loss-making outlets after which it will centralize its operations instead of branch managers taking decisions.

Required:

i) Define centralization.
(2 marks)

ii) Explain FOUR (4) benefits Alpha & Omega will gain in centralizing its operations.
(8 marks)

Answer

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

Topic: Business and Organisational Structure
Series: AUG 2022

BMIS – Nov 2015 – L1 – Q5 – Finance, R&D and marketing strategies

Describe the contents of a marketing plan, including executive summary, situation analysis, strategy, financial projections, and controls.

Question

You are employed by a local company, AllFresh Ltd, specializing in the production and sales of fresh fruit drinks. At a recent Management meeting, a 3-member team was selected to prepare a marketing plan for the company. Your letter appointing you as a member of the team also specifies that you will be chairman of the team.

Required:
Describe the contents of the marketing plan.

(20 marks)

Answer

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Tags: Implementation, Market Analysis, Marketing Plan, Strategy
Level: Level 1

Topic: Finance, R&D and marketing strategies
Series: NOV 2015

BMIS – Aug 2022 – L1 – Q1a – Professional ethics in accounting and business

Explains five duties expected of those charged with governance in an organization.

Question

In 2017, some financial institutions in Ghana were placed under receivership. This was mainly due to poor corporate governance practices. Some of these practices were in clear violation of the duties and responsibilities of those charged with governance.

Required:

Explain FIVE (5) duties those charged with governance were expected to perform.

Answer

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Tags: Corporate Governance, Duties of Governance, Ethics, Fiduciary Duty
Level: Level 1

Topic: Professional ethics in accounting and business
Series: AUG 2022

BMIS – Nov 2015 – L1 – Q4 – Competitive advantage and strategic direction

Explain competitive advantage, corporate reputation, and key variables of the marketing mix.

Question

Marketing mix refers to the particular combination of key variables under a company’s control that can be used to affect demand and to gain competitive advantage.

Explain the following:
a) Competitive advantage. (4 marks)
b) Corporate reputation. (4 marks)
c) List the key variables of the marketing mix and, within each, FOUR associated sub-variables.

(12 marks)

Answer

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Tags: Competitive Advantage, Corporate Reputation, Marketing Mix, Marketing Strategy
Level: Level 1

Topic: Competitive advantage and strategic direction
Series: NOV 2015

BMIS – Nov 2020 – L1 – Q5b – Competitive advantage and strategic direction

Identifies and explains the four grand growth strategies based on the Ansoff Growth Matrix.

Question

The Ansoff Growth Matrix is a tool which is used in generating corporate-level growth strategies for an organization. The use of the matrix results in four possible grand growth strategies available to an organization.

Required:

Identify and explain these FOUR (4) grand growth strategies.

Answer

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Tags: Ansoff Matrix, Business Strategy, Growth Strategies
Level: Level 1

Topic: Competitive advantage and strategic direction
Series: NOV 2020

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 2015 – L1 – Q7 – The internet, cloud computing, IS security, and blockchain

Discuss the proper acquisition of software and handling of software defects and problems.

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BMIS – Aug 2022 – L1 – Q3a – Business and organisational structure

Explains the benefits an organization would gain from integrating all of its operations.

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BMIS – Aug 2022 – L1 – Q2b – The external environment

Explains demand-pull and cost-push inflation and outlines strategies the government can implement to address negative macroeconomic conditions.

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BMIS – Nov 2015 – L1 – Q6 – Operations strategy

Explain different types of operation layouts, including fixed-position, process, and product layouts.

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BMIS – Aug 2022 – L1 – Q2a – The business organisation and its stakeholders

Explains the concepts of mission, vision, values, strategy, and objectives as they relate to a business organization.

You're reporting an error for "BMIS – Aug 2022 – L1 – Q2a – The business organisation and its stakeholders"

BMIS – Aug 2022 – L1 – Q1b – Business and organisational structure

Defines centralization and explains the benefits of centralizing operations in an organization.

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BMIS – Nov 2015 – L1 – Q5 – Finance, R&D and marketing strategies

Describe the contents of a marketing plan, including executive summary, situation analysis, strategy, financial projections, and controls.

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BMIS – Aug 2022 – L1 – Q1a – Professional ethics in accounting and business

Explains five duties expected of those charged with governance in an organization.

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BMIS – Nov 2015 – L1 – Q4 – Competitive advantage and strategic direction

Explain competitive advantage, corporate reputation, and key variables of the marketing mix.

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BMIS – Nov 2020 – L1 – Q5b – Competitive advantage and strategic direction

Identifies and explains the four grand growth strategies based on the Ansoff Growth Matrix.

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