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 – Q3 – HR – Other human resources functions

Discuss compensation strategies, characteristics of an effective system, and types of compensation.

Question

The strategy and structure of compensation programs have important implications for businesses and their ability to create and sustain competitive advantage.

a) What is meant by ‘Compensation’? (2 marks)
b) State FOUR characteristics of an effective compensation system. (8 marks)
c) Explain the following:
i. Direct compensation (5 marks)
ii. Indirect compensation (5 marks)

Answer

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Tags: Compensation, Direct Compensation, Employee Benefits, HR Management, Indirect Compensation
Level: Level 1

Topic: HR - Other Human Resources functions
Series: NOV 2015

BMIS – Nov 2020 – L1 – Q5a – Introduction to information technology and information systems

Describes five accounting information systems that could enhance the operational efficiency of a company.

Question

The management of Marine Services Ltd intends to convert the existing manual accounting systems to an accounting information system to achieve its operational efficiency.

Required:

Explain FIVE (5) accounting information systems that could be used to enhance the operational efficiency of Marine Services Ltd.

Answer

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Tags: Accounting Information Systems, Information Technology, Operational Efficiency
Level: Level 1

Topic: Introduction to information technology and information systems
Series: NOV 2020

BMIS – Nov 2015 – L1 – Q2 – Business and organisational structure, Introduction to information technology and information systems

Explain Business Process Re-engineering (BPR) and discuss how technology can change business activities.

Question

CLife is a large manufacturing firm dealing in several product lines. Currently, there are plans to explore other foreign markets for its products. Forty staff are tasked with matching goods received notes with orders and then with invoices.

It has been observed that an appreciable length of time is spent trying to find out why some of the sets of three documents do not agree.

While some managers recommend the computerisation of the existing process to facilitate matching, others propose the use of Business Process Re-engineering.

a) Explain Business Process Re-engineering.

(3 marks)

b) State FIVE characteristics of a re-engineered business process. (5 marks)
c) Explain SIX examples of how technology can change the way business activities are conducted, with reference to the CLife scenario where appropriate. (12 marks)

Answer

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Tags: Business Process Re-engineering, Organisational Efficiency, Process Improvement, Technology
Level: Level 1

Topic: Business and Organisational Structure, Introduction to information technology and information systems
Series: NOV 2015

BMIS – Nov 2020 – L1 – Q4a – Operations strategy

Identifies and explains the most appropriate production process for a bakery and lists advantages of the batch production process.

Question

You have decided to establish a bakery as a part-time business in addition to your accounting profession due to growth in demand for bread, cakes, and other flour-related products.

Required:

Identify and explain the type of production process most appropriate for your business and state FOUR (4) advantages associated with the chosen production process.

Answer

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Tags: Bakery Business, Batch Production, Production Process
Level: Level 1

Topic: Operations strategy
Series: NOV 2020

BMIS – Nov 2015 – L1 – Q1 – The external environment, Introduction to business strategy

Discuss environmental scanning and strategic planning, and outline the strategic planning process.

Question

Before an organisation can begin strategy formulation, there is the need to scan the external environment to identify possible opportunities and threats and its internal environment for strengths and weaknesses.

Explain the following:
a) Environmental scanning. (3 marks)
b) Strategic planning. (3 marks)
c) Outline the strategic planning process. (14 marks)

Answer

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Tags: Business Strategy, Environmental Scanning, Strategic Planning, Strategic Process
Level: Level 1

Topic: Introduction to Business Strategy, The external environment
Series: NOV 2015

BMIS – Nov 2020 – L1 – Q3b – Motivation

Explains the levels of Maslow's hierarchy of needs as applied to worker motivation.

Question

The Head of Human Resources for Heritage Services Ltd has indicated that in recent years the average productivity per worker has declined. An online survey conducted amongst workers revealed very low worker motivation. Following the outcome of the survey, the board sub-committee responsible for human resources has mandated the management to apply the Maslow hierarchy of needs model to ensure that the needs of workers are satisfied at various levels. You have been approached by the management as a consultant for advice.

Required:

Identify and explain to the company’s management the various levels of needs required to meet the motivational needs of workers.

Answer

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Tags: Employee Needs, Maslow’s Hierarchy, Motivation
Level: Level 1

Topic: Motivation
Series: NOV 2020

BMIS – Nov 2020 – L1 – Q3a – Organisation culture in business

Describes the six key elements of the cultural web that influence corporate culture.

Question

Mr. Mensah, the newly appointed Managing Director of Akonu Ltd, is not happy with the current corporate culture because, in his view, it does not support the strategic choices being pursued by the company. Mr. Mensah is determined to change the corporate culture, and he intends to achieve this through investigating the cultural web of the company. He has approached you for advice in this direction.

Required:

State and explain to Mr. Mensah the SIX (6) key elements to be investigated to achieve this purpose.

Answer

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Tags: Corporate Culture, Cultural Web, Organizational Change
Level: Level 1

Topic: Organisation culture in business
Series: NOV 2020

BMIS – Nov 2020 – L1 – Q2b – HR – Other human resources functions

Lists and describes five types of financial remuneration packages for employees.

Question

State FIVE (5) types of financial remuneration packages for rewarding employees of a department.

Answer

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Tags: Employee Rewards, Financial Remuneration, HR Management
Level: Level 1

Topic: HR - Other Human Resources functions
Series: NOV 2020

BMIS – Nov 2020 – L1 – Q2a – The business organisation and its stakeholders

Explains the stakeholder theory and outlines the needs of various identified stakeholders.

Question

The successful operations of every organisation depend on its positive relationship with stakeholders like shareholders, employees, customers, government, suppliers, and the community in which it operates.

i) Explain the stakeholder theory.
(3 marks)

ii) Outline TWO (2) needs of these identified stakeholders.
(12 marks)

Answer

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Tags: Business Ethics, Stakeholder Needs, Stakeholder Theory
Level: Level 1

Topic: The Business Organisation and its Stakeholders
Series: NOV 2020

BMIS – Nov 2020 – L1 – Q1b – Business and organisational structure

Describes a functional organizational structure and the factors to consider in designing an organizational structure.

Question

The extent to which an organization is successful in pursuing its chosen strategy depends on how the strategy fits into, and is supported by, the organizational structure adopted by the firm.

i) Describe a functional organizational structure.
(2 marks)

ii) Explain FOUR (4) factors which should be taken into account in designing an organizational structure for a company.
(8 marks)

Answer

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Tags: Design Factors, Functional Structure, Organizational Structure
Level: Level 1

Topic: Business and Organisational Structure
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 – Q3 – HR – Other human resources functions

Discuss compensation strategies, characteristics of an effective system, and types of compensation.

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BMIS – Nov 2020 – L1 – Q5a – Introduction to information technology and information systems

Describes five accounting information systems that could enhance the operational efficiency of a company.

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BMIS – Nov 2015 – L1 – Q2 – Business and organisational structure, Introduction to information technology and information systems

Explain Business Process Re-engineering (BPR) and discuss how technology can change business activities.

You're reporting an error for "BMIS – Nov 2015 – L1 – Q2 – Business and organisational structure, Introduction to information technology and information systems"

BMIS – Nov 2020 – L1 – Q4a – Operations strategy

Identifies and explains the most appropriate production process for a bakery and lists advantages of the batch production process.

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BMIS – Nov 2015 – L1 – Q1 – The external environment, Introduction to business strategy

Discuss environmental scanning and strategic planning, and outline the strategic planning process.

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BMIS – Nov 2020 – L1 – Q3b – Motivation

Explains the levels of Maslow's hierarchy of needs as applied to worker motivation.

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BMIS – Nov 2020 – L1 – Q3a – Organisation culture in business

Describes the six key elements of the cultural web that influence corporate culture.

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BMIS – Nov 2020 – L1 – Q2b – HR – Other human resources functions

Lists and describes five types of financial remuneration packages for employees.

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BMIS – Nov 2020 – L1 – Q2a – The business organisation and its stakeholders

Explains the stakeholder theory and outlines the needs of various identified stakeholders.

You're reporting an error for "BMIS – Nov 2020 – L1 – Q2a – The business organisation and its stakeholders"

BMIS – Nov 2020 – L1 – Q1b – Business and organisational structure

Describes a functional organizational structure and the factors to consider in designing an organizational structure.

You're reporting an error for "BMIS – Nov 2020 – L1 – Q1b – Business and organisational structure"

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