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 2021 – L1 – Q2c – Professional ethics in accounting and business

Outline actions by accountants that demonstrate acting in the public interest.

Question

Although a professional code of ethics does not clearly define ‘public interest’, an Accountant would be deemed to be acting in the public interest when he takes certain actions to perform his duties.

Required:
Outline FIVE (5) of such actions. (5 marks)

Answer

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Tags: Accounting, Professional Conduct, Professional Ethics, Public Interest
Level: Level 1

Topic: Professional ethics in accounting and business
Series: NOV 2021

BMIS – Nov 2021 – L1 – Q2b – Professional ethics in accounting and business

Differentiate between a business code of ethics and a professional code of ethics for accountants.

Question

You have been invited as the Chief Operating Officer of Your Trusted Associates, a reputable Accounting and Management Consulting firm, to deliver the keynote address at a graduation ceremony for newly qualified Accountants.

Required:
In your address, differentiate between a “business code of ethics” and a “professional code of ethics” for Professional Accountants. (5 marks)

Answer

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Tags: Accountants, Business Ethics, Code of Conduct, Professional Ethics
Level: Level 1

Topic: Professional ethics in accounting and business
Series: NOV 2021

BMIS – Nov 2021 – L1 – Q2a – Introduction to business strategy

Explain the four stages of the product life cycle and their implications.

Question

Every product is said to go through a life cycle that has been classified into four stages. Therefore, in an attempt to reap the maximum benefits from a product or service, the marketer periodically determines the stage of the product/service in the life cycle to devise the appropriate strategies in that direction.

Required:
Explain FOUR (4) stages of a product life cycle. (10 marks)

Answer

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Tags: Marketing Strategy, Product Life Cycle, Product Management
Level: Level 1

Topic: Introduction to Business Strategy
Series: NOV 2021

BMIS – Nov 2021 – L1 – Q1b – The business organization and its stakeholders

Classify organizational purposes under profit-oriented and non-profit-oriented categories.

Question

Two organizations operate in your locality, one operates as profit-oriented and the other as non-profit-oriented. They all have varying purposes.

Required:
You are required to categorize the following purposes under the two types of organizations:

To expand product range to include children’s clothing.
To expand social protection interventions to include girls between the ages of 15-18 years.
To ensure that visitors to public parks pay an entry fee of GH¢1.00 for its maintenance.
To create high quality, high demand products to maximize shareholder value.
To provide excellent client services to enhance public goodwill, which will in turn, attract more government funding.
To increase after-tax profits to attract more investors to invest in the organization.
Provide customers with the opportunity to benefit from the company’s profits by offering periodic prizes for the purchases they make.
Increase annual dividends by 3% of the current amount paid.
Install vending machines at strategic points to sell non-alcoholic beverages to visitors.
Market facility on the internet to attract global patronage.

Answer

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Tags: Non-profit-oriented, Organizational Purposes, Profit-oriented, Stakeholders
Level: Level 1

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

BMIS – Nov 2021 – L1 – Q1a – HR – Recruitment

Explain the concept of Human Resource Planning and the activities involved.

Question

Investing in Human Resource Planning is one of the most important decisions a company can make. After all, a company is only as good as its employees, and a high level of employee engagement can be essential for its success. If a company has the best employees and best practices in place, it can differentiate between sluggishness and productivity, leading to profitability.

Required:
i) What is Human Resource Planning? (2 marks)
ii) Explain FOUR (4) activities involved in human resource planning. (8 marks)

Answer

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Tags: Employee Engagement, HR Strategy, Human Resource Planning, Productivity
Level: Level 1

Topic: HR - Recruitment
Series: NOV 2021

BMIS – May 2020 – L1 – Q5b – Introduction to business strategy

Identify and explain the four categories in the Boston Consulting Group (BCG) matrix.

Question

Boston Consulting Group (BCG) matrix analysis is used to classify Strategic Business Units (SBUs) within an organization’s portfolio of products and services based on their respective market share and growth rate. It is a key aspect of strategic capability to ensure that the portfolio is strong.

Required:
Identify and explain the FOUR (4) categories in the model. (10 marks)

Answer

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Tags: BCG Matrix, Growth Rate, Market Share, Strategic Business Units
Level: Level 1

Topic: Introduction to Business Strategy
Series: MAY 2020

BMIS – May 2020 – L1 – Q5a – The internet, cloud computing, IS security and blockchain

Explain types of cyber-attacks that might cause a company’s website to shut down.

Question

Your company’s website has been shut down as a result of a cyber-attack.

Required:
Explain SEVEN (7) types of attacks that might have caused the shutdown. (10 marks)

Answer

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Tags: Cyber-Attacks, Cybersecurity, IS Security, Website Security
Level: Level 1

Topic: The Internet, Cloud Computing, IS Security and Blockchain
Series: MAY 2020

BMIS – May 2020 – L1 – Q4b – HR – Other human resources functions

Explain health and safety measures to ensure a safe working environment.

Question

A fishing boat manufacturing company at Elmina intends to expand its business and has decided to locate another production facility at Winneba.

Required:
Explain FIVE (5) health and safety measures to facilitate a working environment devoid of accidents for the company’s employees. (10 marks)

Answer

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Tags: Accident Prevention, Health and Safety, HR Management, Workplace Safety
Level: Level 1

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

BMIS – May 2020 – L1 – Q4a – Operations strategy

Identify and explain the most appropriate plant layout for a fishing boat manufacturing company and outline its advantages.

Question

A fishing boat manufacturing company at Elmina intends to expand its business and has decided to locate another production facility at Winneba.

Required:
Identify and explain the most appropriate plant layout for the company’s operations and explain FOUR (4) advantages associated with the selected plant layout. (10 marks)

Answer

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Tags: Manufacturing, Operations Management, Plant Layout
Level: Level 1

Topic: Operations strategy
Series: MAY 2020

BMIS – May 2020 – L1 – Q3b – Teams

Identify and explain factors that could affect group cohesion in an organization.

Question

The management of Megalab Company Limited is concerned with how weak and less cohesive the groups in the company are, and its effect on general organisational performance. The management is currently investigating reasons for this poor group cohesion and you have been approached for possible factors that could be responsible.

Required:
Identify and explain FOUR (4) of such possible factors. (8 marks)

Answer

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Tags: Group Cohesion, Organizational Behavior, Team Dynamics
Level: Level 1

Topic: Teams
Series: MAY 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 2021 – L1 – Q2c – Professional ethics in accounting and business

Outline actions by accountants that demonstrate acting in the public interest.

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BMIS – Nov 2021 – L1 – Q2b – Professional ethics in accounting and business

Differentiate between a business code of ethics and a professional code of ethics for accountants.

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BMIS – Nov 2021 – L1 – Q2a – Introduction to business strategy

Explain the four stages of the product life cycle and their implications.

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BMIS – Nov 2021 – L1 – Q1b – The business organization and its stakeholders

Classify organizational purposes under profit-oriented and non-profit-oriented categories.

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BMIS – Nov 2021 – L1 – Q1a – HR – Recruitment

Explain the concept of Human Resource Planning and the activities involved.

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BMIS – May 2020 – L1 – Q5b – Introduction to business strategy

Identify and explain the four categories in the Boston Consulting Group (BCG) matrix.

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BMIS – May 2020 – L1 – Q5a – The internet, cloud computing, IS security and blockchain

Explain types of cyber-attacks that might cause a company’s website to shut down.

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BMIS – May 2020 – L1 – Q4b – HR – Other human resources functions

Explain health and safety measures to ensure a safe working environment.

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BMIS – May 2020 – L1 – Q4a – Operations strategy

Identify and explain the most appropriate plant layout for a fishing boat manufacturing company and outline its advantages.

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BMIS – May 2020 – L1 – Q3b – Teams

Identify and explain factors that could affect group cohesion in an organization.

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