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 2020 – L1 – Q1a – The business organisation and its stakeholders

Explains the advantages of converting to a public limited company, corporate social responsibility, and examples of socially responsible projects.

Question

Mr. Steve Ansah and his wife Betty, who have successfully operated SteveBetty Co. Ltd, a Private Limited Liability Company, over the last several years, are considering converting it into a Public Limited Liability Company and have approached you as a Corporate Planning Analyst for your advice.

i) Explain to them THREE (3) advantages associated with converting to a Public Limited Liability Company.
(6 marks)

ii) Explain Corporate Social Responsibility to the management of SteveBetty Co. Ltd.
(2 marks)

iii) State TWO (2) examples of socially responsible projects that SteveBetty Co. Ltd can engage in.
(2 marks)

Answer

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Tags: Corporate Social Responsibility, Organizational Structure, Public Limited Company
Level: Level 1

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

BMIS – April 2022 – L1 – Q5b – The internet, cloud computing, IS security and blockchain

Explain four measures to prevent the repetition of a hacking incident in a company’s network.

Question

You are the Chairman of a committee appointed by the Management of your company to investigate the recent hacking of the firm’s computer network and consequent loss of very sensitive information, which disrupted operations for some days.

Required:
State and explain FOUR (4) measures which can be put in place to forestall the repetition of such an incident in the future. (10 marks)

Answer

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Tags: Biometric Systems, Encryption, Hacking Prevention, Intrusion Detection, Network Security
Level: Level 1

Topic: The Internet, Cloud Computing, IS Security and Blockchain
Series: APR 2022

BMIS – April 2022 – L1 – Q5a – Competitive advantage and strategic direction

Explain the concept of the BCG Matrix and its importance in assessing product lines.

Question

Bonus Oil Plantation is a listed company on the Ghana Stock Exchange. For a company with a large portfolio, it is important to assess its product lines regularly to see which products are profitable, which ones are making losses, and which ones need improvement. This practice will help the company to allocate its resources accordingly in order to function more efficiently.

While there are many practices and tools available to accomplish this mission, the CEO has suggested to the Board the BCG Matrix developed by the Boston Consulting Group as a standard.

Required:
At the CEO’s request, explain the concept of the BCG Matrix. (10 marks)

Answer

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Tags: BCG Matrix, Product Portfolio, Resource Allocation, Strategic Planning
Level: Level 1

Topic: Competitive advantage and strategic direction
Series: APR 2022

BMIS – April 2022 – L1 – Q4 – Management and leadership | Motivation

Discuss the benefits of consultative leadership and explain how Maslow’s hierarchy of needs can be applied to motivate employees.

Question

Seagull Ltd supplies mining equipment and devices to mining companies in Ghana. The company intends to achieve its objective of being the market leader in the industry by 2025. The company’s strategy of achieving this objective is based on motivating its employees with adherence to Maslow’s hierarchy of needs and implementing a consultative leadership approach.

Required:
a) Explain FIVE (5) benefits the consultative leadership approach will contribute to the achievement of the company’s objectives. (10 marks)
b) Explain how the management of the company would apply Maslow’s theory to motivate the employees. Your explanation should include TWO (2) strategies at each level of the hierarchy. (10 marks)

Answer

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Tags: Consultative Leadership, Employee Motivation, Leadership, Maslow’s Hierarchy, Organizational Objectives
Level: Level 1

Topic: Management and leadership, Motivation
Series: APR 2022

BMIS – April 2022 – L1 – Q3b – HR – Training and development

Explain four objectives of training and development in a business organization.

Question

In a period of financial downturn in the economy with its effect on businesses, organizations most often than not, reduce or cancel the training budget. Everest Ltd. is faced with a decision on whether to reduce or cancel its training budget.

Required:
Explain FOUR (4) objectives of training and development in a business organization for which the training budget should not suffer because of economic downturn. (10 marks)

Answer

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Tags: Change Management, Development, Employee Performance, Motivation, Training
Level: Level 1

Topic: HR - Training and Development
Series: APR 2022

BMIS – April 2022 – L1 – Q3a – Operations strategy

Suggest five benefits a company would derive from adopting the Just-In-Time (JIT) inventory system.

Question

You are the Accounts officer for Unimech Garages, a company that provides mobile vehicle repairs for faulty vehicles on the Accra – Kumasi and Accra – Takoradi highways. The company has adopted the Just-In-Time (JIT) inventory control system for its operations. The JIT inventory control system was adopted because all repairs performed vary from vehicle to vehicle, and there is no need to stock any spare parts since the repair team has no idea of the next repairs to be conducted as well as the type of spare parts they would require. Again, this inventory system was implemented to prevent employees from committing the offence of selling stocked spare parts for their individual gains.

Required:
Suggest FIVE (5) benefits the company would derive from this inventory system. (10 marks)

Answer

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Tags: Cost reduction, Inventory Management, Just-in-Time, Service Quality, Waste Control
Level: Level 1

Topic: Operations strategy
Series: APR 2022

BMIS – April 2022 – L1 – Q2 – Finance, R&D and marketing strategies | The external environment

Discuss the benefits of penetration pricing, the difference between mission and vision statements, and economic factors influencing facility location in Ghana.

Question

Vagen Ltd, a German automobile manufacturer, has completed building an assembly facility in Ghana to manufacture and sell vehicles in Ghana and in other African countries. For the company to gain a foothold in the African market, it carefully applied the penetration pricing strategy and developed clear mission and vision statements to facilitate successful operations in this new market.

Required:
a) Identify FIVE (5) benefits the company would derive from the penetration pricing strategy. (5 marks)
b) Explain the difference between the company’s mission and vision statements. (5 marks)
c) Explain FIVE (5) economic factors that might have influenced the management of the company to locate the assembly facility in Ghana. (10 marks)

Answer

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Tags: Economic Factors, Facility Location, Mission Statement, Penetration Pricing, Vision Statement
Level: Level 1

Topic: Finance, R&D and marketing strategies, The external environment
Series: APR 2022

BMIS – April 2022 – L1 – Q1b – The business organisation and its stakeholders

Explain what a public limited liability company is and discuss two features of a private limited liability company.

Question

Nkaagi, your long-time family friend who is an Engineer by profession, recently took over as the Chief Executive Officer of Wakawaka Investment Ltd, a company listed on the Ghana Stock Exchange. He has on several occasions complained about the many legal requirements they have had to contend with and has now approached you for advice on the benefits to be derived from converting a public limited liability company into a private limited liability company.

Required:
i) Explain what a public limited liability company means to Nkaagi. (4 marks)
ii) Explain TWO (2) features of a private limited liability company. (6 marks)

Answer

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Tags: Capital, Legal Structure, Private Company, Public Company, Shareholder Rights
Level: Level 1

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

BMIS – April 2022 – L1 – Q1a – Business and organisational structure

Explain five benefits that a company would derive from adopting a decentralized structure.

Question

Normu Ltd develops accounting software for small and medium-sized firms. The company, for the past five years of its operations, has operated with a simple form structure with most decisions being taken by the founder. Currently, the company’s market base, as well as its product range, has significantly increased. The company now develops and sells accounting software to large organizations and businesses, resulting in a modification of its existing simple form structure to a decentralized structure where decision-making powers are assigned to branch managers.

Required:
Explain FIVE (5) benefits the company would derive from this new structure.

Answer

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Tags: Communication, Decentralization, Decision Making, Motivation, Strategic Decisions
Level: Level 1

Topic: Business and Organisational Structure
Series: APR 2022

BMIS – May 2021 – L1 – Q5 – Motivation | Management and leadership

Explain five benefits of a well-motivated workforce and identify two basic schools of thought in leadership.

Question

The board members of Bliss Ltd, at a meeting held last week, were shocked to hear the Director of Finance comment that she did not understand why management continuously spends thousands of Ghana cedis in organizing monthly staff retreats with its attendant loss of man hours, all in the name of what they call “worker motivation.”

As a Management Professional on the board, you have decided to educate the Director of Finance and other like-minded Managers of the company on the need to have a motivated group of employees.

Required:
a) Explain to the Director of Finance FIVE (5) benefits of a well-motivated workforce to a business organization. (15 marks)
b) Identify and explain TWO (2) basic schools of thought in Leadership. (5 marks)

Answer

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Tags: Employee Motivation, Leadership Theories, Productivity, Staff Turnover, Trait Theory
Level: Level 1

Topic: Management and leadership, Motivation
Series: MAY 2021

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 2020 – L1 – Q1a – The business organisation and its stakeholders

Explains the advantages of converting to a public limited company, corporate social responsibility, and examples of socially responsible projects.

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BMIS – April 2022 – L1 – Q5b – The internet, cloud computing, IS security and blockchain

Explain four measures to prevent the repetition of a hacking incident in a company’s network.

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BMIS – April 2022 – L1 – Q5a – Competitive advantage and strategic direction

Explain the concept of the BCG Matrix and its importance in assessing product lines.

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BMIS – April 2022 – L1 – Q4 – Management and leadership | Motivation

Discuss the benefits of consultative leadership and explain how Maslow’s hierarchy of needs can be applied to motivate employees.

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BMIS – April 2022 – L1 – Q3b – HR – Training and development

Explain four objectives of training and development in a business organization.

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BMIS – April 2022 – L1 – Q3a – Operations strategy

Suggest five benefits a company would derive from adopting the Just-In-Time (JIT) inventory system.

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BMIS – April 2022 – L1 – Q2 – Finance, R&D and marketing strategies | The external environment

Discuss the benefits of penetration pricing, the difference between mission and vision statements, and economic factors influencing facility location in Ghana.

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BMIS – April 2022 – L1 – Q1b – The business organisation and its stakeholders

Explain what a public limited liability company is and discuss two features of a private limited liability company.

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BMIS – April 2022 – L1 – Q1a – Business and organisational structure

Explain five benefits that a company would derive from adopting a decentralized structure.

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BMIS – May 2021 – L1 – Q5 – Motivation | Management and leadership

Explain five benefits of a well-motivated workforce and identify two basic schools of thought in leadership.

You're reporting an error for "BMIS – May 2021 – L1 – Q5 – Motivation | Management and leadership"

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