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 2021 – L1 – Q4c – Introduction to business strategy

Explain the concept of SWOT analysis and the elements within it to manager trainees.

Question

ou have been asked as the Strategic Business Planner of your company to speak to a group of recently recruited manager trainees, most of whom are not business management graduates, on strategy formulation and implementation.

Required:
i) Explain the concept of SWOT analysis to the recently recruited manager trainees. (2 marks)
ii) Explain the elements in the SWOT analysis to the manager trainees. (8 marks)

Answer

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Tags: External Environment, Internal Resources, Strategic Planning, SWOT Analysis
Level: Level 1

Topic: Introduction to Business Strategy
Series: MAY 2021

BMIS – May 2021 – L1 – Q4b – Introduction to information technology and information systems

Explain the advantages of a Transaction Processing System (TPS) for a supermarket.

Question

The Management of My Hope Enterprise Ltd, a family-owned supermarket with branches throughout the country, has refused to adopt modern communication technology in its operations, citing heavy initial capital outlay. You have decided to convince the General Manager of the firm who is your friend on the benefits to be accrued from the use of modern technology.
Explain FOUR (4) advantages of Transaction Processing System (TPS) to the General Manager of My Hope Enterprise Ltd.

Answer

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Tags: Data Management, Operational Efficiency, TPS, Transaction Processing
Level: Level 1

Topic: Introduction to information technology and information systems
Series: MAY 2021

BMIS – May 2021 – L1 – Q4a – Introduction to information technology and information systems

Explain the concept of Management Information System (MIS) and its benefits to a company.

Question

Required:
a) Explain Management Information System (MIS) to the General Manager in order to convince him of the benefits that will accrue to the company from the use of modern technology.

Answer

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Tags: Data Processing, Decision Making, Information System, MIS
Level: Level 1

Topic: Introduction to information technology and information systems
Series: MAY 2021

BMIS – May 2021 – L1 – Q3 – Operations strategy | HR – Training and development

Explain why ensuring the highest quality standards was necessary and the benefits of training for a pharmaceutical company developing a vaccine.

Question

Anta Zene is a British pharmaceutical company that partnered with Forox University to develop a vaccine to combat the Coronavirus spread in the United Kingdom and other countries. Even though the vaccine was ready in August 2020, it had to pass through all the needed quality control systems of the British drug regulator to ensure that it would meet the highest quality standards. The vaccine was eventually approved by the drug regulators on 29 December 2020. The company conducted a training programme for its employees and about 5,000 volunteers to ensure the effective implementation of the vaccination programme.

Required:
a) Why was it necessary for the British drug regulator to ensure that the vaccine was of the highest quality standards? Explain your answer with FIVE (5) reasons. (10 marks)
b) Explain FIVE (5) benefits the company would derive from the training programme. (10 marks)

Answer

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Tags: Consumer Safety, Employee Efficiency, Quality Standards, Technology Adoption, Training
Level: Level 1

Topic: HR - Training and Development, Operations strategy
Series: MAY 2021

BMIS – May 2021 – L1 – Q2b – Finance, R&D and marketing strategies

Explain the marketing concept and four elements of a marketing plan for a company producing fresh, natural fruit drinks.

Question

You have been appointed as the leader of a five-member technical committee to prepare a marketing plan for your company, Quality Fresh Drinks Limited, which is well noted for the production and sale of fresh, natural fruit drinks.

Required:
i) Explain the marketing concept to the other members of the technical committee. (4 marks)
ii) Explain FOUR (4) elements of a marketing plan you would recommend to the technical committee. (8 marks)

Answer

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Tags: Customer Focus, Marketing Concept, Marketing Plan, Strategy, SWOT Analysis
Level: Level 1

Topic: Finance, R&D and marketing strategies
Series: MAY 2021

BMIS – May 2021 – L1 – Q2a – Operations strategy

Explain the concepts of Total Quality Management, Fixed Position Layout, Product Layout, and Process Layout in plant operations.

Question

Plant layout has been described as the arrangement of machines in such a manner that will facilitate production efficiency. An organization might adopt a particular method or a combination of methods depending on the nature of its operations.

Required:
Explain the following:
i) Total quality management (2 marks)
ii) Fixed position layout (2 marks)
iii) Product layout (2 marks)
iv) Process layout (2 marks)

Answer

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Tags: Fixed Position Layout, Process Layout, Product Layout, Total Quality Management, TQM
Level: Level 1

Topic: Operations strategy
Series: MAY 2021

BMIS – May 2021 – L1 – Q1b – Business and organisational structure

Explain five benefits a company would derive from adopting a matrix organizational structure.

Question

International Ltd is a Dutch multinational construction company engaged in different forms of construction in various countries, including Ghana. The company has decided to change its existing organizational structure, which is a functional structure, to a matrix structure in order to improve its operations.

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

Answer

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Tags: Accountability, Decision Making, Innovation, Matrix Structure, Organizational Structure
Level: Level 1

Topic: Business and Organisational Structure
Series: MAY 2021

BMIS – May 2021 – L1 – Q1a – The business organisation and its stakeholders

Explain five challenges that come with operating as a not-for-profit organization.

Question

Emani World is a not-for-profit and non-partisan organization established in Ghana to offer various services, including corruption prevention campaigns, social justice, election observation, and environmental protection. Like any other not-for-profit organization, Emani World is confronted with numerous challenges in its operations as a not-for-profit organization.

Required:
Explain FIVE (5) challenges that come with operating as a not-for-profit organization.

Answer

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Tags: Expertise Attraction, Funding, Not-for-profit, Political Tagging, Public Perception
Level: Level 1

Topic: The Business Organisation and its Stakeholders
Series: MAY 2021

BMIS – May 2016 – L1 – Q7b – The internet, cloud computing, IS security and blockchain

State five measures that can be put in place to prevent hacking of a company’s computer network.

Question

Your company’s computer network was recently hacked into by fraudsters, stealing sensitive information. This has affected the credibility of the company. State FIVE measures that can be put in place to prevent a repetition of such an incident in the future.

Answer

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Tags: Encryption, Hacking Prevention, Intrusion Detection, Network Security, User Authentication
Level: Level 1

Topic: The Internet, Cloud Computing, IS Security and Blockchain
Series: MAY 2016

BMIS – May 2016 – L1 – Q7a – Introduction to information technology and information systems

State five advantages that would accrue to a firm from installing a Transaction Processing System (TPS).

Question

You work as an accounts officer in a supermarket in Accra. The supermarket has recently witnessed a dramatic growth in its customer base. Management has therefore decided to install a Transaction Processing System (TPS) to cater for this growth. State FIVE advantages that would accrue to the firm with this decision.

Answer

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Tags: Activity Tracking, Database Management, Operational Efficiency, TPS, Transaction Processing System
Level: Level 1

Topic: Introduction to information technology and information systems
Series: MAY 2016

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 2021 – L1 – Q4c – Introduction to business strategy

Explain the concept of SWOT analysis and the elements within it to manager trainees.

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BMIS – May 2021 – L1 – Q4b – Introduction to information technology and information systems

Explain the advantages of a Transaction Processing System (TPS) for a supermarket.

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BMIS – May 2021 – L1 – Q4a – Introduction to information technology and information systems

Explain the concept of Management Information System (MIS) and its benefits to a company.

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BMIS – May 2021 – L1 – Q3 – Operations strategy | HR – Training and development

Explain why ensuring the highest quality standards was necessary and the benefits of training for a pharmaceutical company developing a vaccine.

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BMIS – May 2021 – L1 – Q2b – Finance, R&D and marketing strategies

Explain the marketing concept and four elements of a marketing plan for a company producing fresh, natural fruit drinks.

You're reporting an error for "BMIS – May 2021 – L1 – Q2b – Finance, R&D and marketing strategies"

BMIS – May 2021 – L1 – Q2a – Operations strategy

Explain the concepts of Total Quality Management, Fixed Position Layout, Product Layout, and Process Layout in plant operations.

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BMIS – May 2021 – L1 – Q1b – Business and organisational structure

Explain five benefits a company would derive from adopting a matrix organizational structure.

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BMIS – May 2021 – L1 – Q1a – The business organisation and its stakeholders

Explain five challenges that come with operating as a not-for-profit organization.

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BMIS – May 2016 – L1 – Q7b – The internet, cloud computing, IS security and blockchain

State five measures that can be put in place to prevent hacking of a company’s computer network.

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BMIS – May 2016 – L1 – Q7a – Introduction to information technology and information systems

State five advantages that would accrue to a firm from installing a Transaction Processing System (TPS).

You're reporting an error for "BMIS – May 2016 – L1 – Q7a – Introduction to information technology and information systems"

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