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 2019 – L1 – Q5b – Methods of Plant Layout

Explain methods of plant layout in an organization, including fixed-position, process, and line layouts.

Question

b) Explain the following methods of plant layout in an organization:
i) Fixed position
ii) Process
iii) Product (10 marks)

Answer

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Tags: Fixed-position, Line Layout, Operations, Plant Layout, Process Layout, Product Flow, Resources
Level: Level 1

Topic: Operations strategy
Series: NOV 2019

BMF – May 2023 – L1 – SA – Q19 – Basics of Business Finance and Financial Markets

Identify an option that is not an example of money market transactions and instruments.

Question

Which of the following is NOT an example of money market transactions and instruments?

A. The interbank market
B. Treasury bills
C. Certificates of Deposit
D. The repo market
E. Bank deposits

Answer

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Tags: Banking, Financial instruments, Money market, Short-term Financing
Level: Level 1

Topic: Basics of Business Finance and Financial Markets
Series: MAY 2023

BMF – Mar July 2020 – L1 – SA – Q16 – Basics of Business Finance and Financial Markets

Identifying a non-source of new finance for public companies.

Question

Which of the following is NOT a source of new finance for public limited liability companies?
A. Placing
B. Rights issue
C. Initial public offer
D. Stock exchange introduction
E. Offer for sale by tender

Answer

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Tags: Capital Markets, Corporate finance, Public Finance
Level: Level 1

Topic: Basics of Business Finance and Financial Markets
Series: MAR/JULY 2020

BMIS – Nov 2021 – L1 – Q5c – Operations strategy

Advise on two effective promotion tools to raise customer awareness for a new detergent product.

Question

Business promotion is meant to raise the customer’s awareness of the existence of a product or service. To achieve this objective, organisations employ different media to promote their business. Kofi Kodua wants your advice on promotion strategy because he is about to launch a new product called “One Corner”, used as a detergent.

Required:

Advise Kofi Kodua on TWO (2) effective promotion tools to raise customers’ consciousness about the new product. (5 marks)

Answer

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Tags: Advertising, Business Promotion, Direct Marketing, Marketing, Product Launch, Public Relations, Sales Promotion
Level: Level 1

Topic: Operations strategy
Series: NOV 2021

BMIS – Nov 2021 – L1 – Q5b – Introduction to information technology and information systems

Differentiate between explicit knowledge and tacit knowledge in an organizational context.

Question

Organisational knowledge is the sum of all knowledge contained within an organisation that can provide business value. Organisational knowledge is composed of explicit knowledge and tacit knowledge.

Required:
Differentiate between explicit knowledge and tacit knowledge. (5 marks)

Answer

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Tags: Explicit Knowledge, Knowledge Management, Organizational Learning, Tacit Knowledge
Level: Level 1

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

BMIS – Nov 2021 – L1 – Q5a – Introduction to business strategy

Explain the components of the Ansoff Growth Matrix in strategic planning.

Question

Organisations that intend to remain focused on the achievement of their objectives develop and apply different business models to guide them in their operations. One of such models is the Ansoff Growth Matrix.

Required:
Explain the Ansoff Growth matrix with emphasis on its components. (10 marks)

Answer

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Tags: Ansoff Matrix, Diversification, Market Development, Market Penetration, Product Development
Level: Level 1

Topic: Introduction to Business Strategy
Series: NOV 2021

BMIS – Nov 2021 – L1 – Q4b – Management and leadership

Explain the benefits of informal groups to a business organization.

Question

You were employed by a large manufacturing company as a Corporate Services Executive about a month ago and have on a number of occasions heard the Production Manager indicate that informal groups were the reason for low productivity in the organization and must not be entertained.

Required:
Explain THREE (3) benefits of an informal group to an organization. (6 marks)

Answer

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Tags: Informal groups, Organizational Behavior, Team Dynamics
Level: Level 1

Topic: Management and leadership
Series: NOV 2021

BMIS – Nov 2021 – L1 – Q4a – Introduction to business strategy

Explain the strategic planning process and its importance for organizations.

Question

Strategic Planning Process is important for the strategic management of companies. Organisations from both the private and public sectors are increasingly embracing the practice of strategic planning in anticipation that it will translate into improved performance. It is practised widely, formally and informally.

Required:
Explain the strategic planning process. (14 marks)

Answer

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Tags: Business Strategy, Organizational Planning, Strategic Planning
Level: Level 1

Topic: Introduction to Business Strategy
Series: NOV 2021

BMIS – Nov 2021 – L1 – Q3b – Introduction to information technology and information systems

Explain the applications of Transaction Processing Systems and Decision Support Systems in business organizations.

Question

Explain the following applications of information technology in business organizations:
i) Transaction Processing System.
ii) Decision Support System. (5 marks)

Answer

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Tags: Decision Support System, IT Applications, Transaction Processing System
Level: Level 1

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

BMIS – Nov 2021 – L1 – Q3a – The external environment

Explain the elements of the external environment that impact business organizations.

Question

An organisation is described as an open system because it impacts and is also impacted by two sets of environments. It imports raw materials from the environment, transforms them into goods and services and then exports them back into the environment for the satisfaction of customers’ needs.

Required:
Explain FIVE (5) elements of the external environment of a business organisation. (15 marks)

Answer

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Tags: Business Strategy, External Environment, PEST Analysis
Level: Level 1

Topic: The external environment
Series: NOV 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 2019 – L1 – Q5b – Methods of Plant Layout

Explain methods of plant layout in an organization, including fixed-position, process, and line layouts.

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BMF – May 2023 – L1 – SA – Q19 – Basics of Business Finance and Financial Markets

Identify an option that is not an example of money market transactions and instruments.

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BMF – Mar July 2020 – L1 – SA – Q16 – Basics of Business Finance and Financial Markets

Identifying a non-source of new finance for public companies.

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BMIS – Nov 2021 – L1 – Q5c – Operations strategy

Advise on two effective promotion tools to raise customer awareness for a new detergent product.

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BMIS – Nov 2021 – L1 – Q5b – Introduction to information technology and information systems

Differentiate between explicit knowledge and tacit knowledge in an organizational context.

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BMIS – Nov 2021 – L1 – Q5a – Introduction to business strategy

Explain the components of the Ansoff Growth Matrix in strategic planning.

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BMIS – Nov 2021 – L1 – Q4b – Management and leadership

Explain the benefits of informal groups to a business organization.

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BMIS – Nov 2021 – L1 – Q4a – Introduction to business strategy

Explain the strategic planning process and its importance for organizations.

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BMIS – Nov 2021 – L1 – Q3b – Introduction to information technology and information systems

Explain the applications of Transaction Processing Systems and Decision Support Systems in business organizations.

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BMIS – Nov 2021 – L1 – Q3a – The external environment

Explain the elements of the external environment that impact business organizations.

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