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 2019 – L1 – Q5 – HR – Other human resources functions

Discuss the importance of health and safety measures, and outline employer and employee responsibilities.

Question

The budget for Health and Safety of Be Careful Enterprise presented by the Finance Officer has doubled within two years. The owner of the business is considering cutting the budget for the next year by 50% to make way for an increase in the budget for Sales Promotion. He reasoned that health and safety measures are not critical to the financial fortunes of the business.

Required:
a) Outline FOUR (4) reasons why health and safety measures are important. (6 marks)
b) Outline SIX (6) employer responsibilities when it comes to health and safety. (9 marks)
c) Outline FIVE (5) employee responsibilities when it comes to health and safety. (5 marks)

Answer

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Tags: Employee responsibilities, Employer responsibilities, Health and Safety, HR Management
Level: Level 1

Topic: HR - Other Human Resources functions
Series: MAY 2019

BMIS – May 2019 – L1 – Q4 – Finance, R&D and marketing strategies

Explain the role of relationship marketing, customer care, and customer service in increasing sales revenue.

Question

Brand Marketing Concepts Ltd (BMC) has for five years employed traditional methods of advertising and promotional messages to directly increase sales. The Accounts Officer in his year-end financial report has observed that sales revenue for two of the four products marketed by BMC have seen neither increase nor decrease for the past two years.

Required:
a) What roles can relationship marketing, customer care, and customer service play in increasing sales revenue for the two products marketed by BMC? (15 marks)

b) State FIVE (5) basic principles to be applied to develop customer relationship. (5 marks)

Answer

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Tags: Customer Care, Customer service, Relationship Marketing, Sales Revenue
Level: Level 1

Topic: Finance, R&D and marketing strategies
Series: MAY 2019

BMIS – May 2019 – L1 – Q3b – Operations strategy

Explain the costs associated with producing quality products in reference to the four types of quality cost.

Question

Quality Management is a prerequisite for every industrial concern. Producing high-quality products as opposed to poor-quality products is a preferred option when it comes to determining demand for goods and services. However, some argue that producing higher-quality output increases costs, as more expensive resources are likely to be required to achieve a higher standard. Others argue that poor-quality output will lead to customer dissatisfaction, which generates costs associated with complaint resolution and loss of revenue as customers move to competitors.

Required:
In reference to the FOUR (4) types of quality cost, explain the costs associated with producing quality products. (10 marks)

Answer

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Tags: Cost Management, Operations Strategy, Production, Quality Management
Level: Level 1

Topic: Operations strategy
Series: MAY 2019

BMIS – May 2019 – L1 – Q3a – Teams

State the potential drawbacks of working as a team.

Question

Working as a team is always encouraged. Teams combine the skills of different individuals and avoid complex communication between different business functions. Every member of the team can be a powerful motivator and team loyalty can be used to control the performance and behaviour of individuals. In fact, teams make fewer, but better-evaluated, decisions than individuals.

Required:
Despite all the advantages that are associated with working as a team, state SEVEN (7) potential drawbacks in working as a team. (10 marks)

Answer

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Tags: Communication, Decision Making, Group Dynamics, Motivation, Teamwork
Level: Level 1

Topic: Teams
Series: MAY 2019

BMIS – May 2019 – L1 – Q2 – Introduction to business strategy

Explain the need for planning before embarking on a business venture and the advantages of a formal system of strategic planning.

Question

TestCo Company Ltd (TCL) introduced a product, YZ Sap, into the North East Region market and the patronage was very encouraging. In a conversation with a friend, the Managing Director of TCL, Asembibeba, made a strong case for taking risks without necessarily planning for the outcome. In his opinion, introducing YZ Sap into the North East Region without a formal planning process and its positive outcome suggests that planning is not necessary when entering a new untapped market.

Required:

a) Write a note to Asembibeba explaining clearly FIVE (5) reasons why there is the need for planning before embarking on a business venture. (10 marks)

b) Write a second note to Asembibeba explaining FIVE (5) advantages of a formal system of strategic planning when embarking on a business venture. (10 marks)

Answer

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Tags: Business Planning, Decision Making, Risk Management, Strategic Planning
Level: Level 1

Topic: Introduction to Business Strategy
Series: MAY 2019

BMIS – May 2019 – L1 – Q1 – Business and organisational structure

Outline the characteristics of organisations, the public sector, strategic plans, and management information systems.

Question

Outline FIVE (5) characteristics each of the following:
a) Organisation
b) Public Sector
c) Strategic Plans
d) Management Information Systems

(20 marks)

Answer

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Tags: MIS, Organisation, Public Sector, Strategic Planning
Level: Level 1

Topic: Business and Organisational Structure
Series: MAY 2019

BMIS – Nov 2016 – L1 – Q7b – Teams

Explain the stages of group development in a logical order.

Question

Group development passes through several stages. Explain FOUR of these stages in a logical order.

(12 marks)

Answer

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Tags: Group Development, Organizational Behavior, Team Dynamics, Team Stages
Level: Level 1

Topic: Teams
Series: NOV 2016

BMIS – Nov 2016 – L1 – Q7a – Introduction to business strategy

Differentiate between corporate-level and functional-level strategies based on key activity, risk, decision type, and duration.

Question

An organization’s strategic decisions are categorized into entity/corporate level strategies and functional level strategies. Indicate how the two differ based on the following:

i) Key activity/function (2 marks)
ii) Risks associated with their decisions (2 marks)
iii) Type of decisions (2 marks)
iv) Duration of their decisions (2 marks)

Answer

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Tags: Corporate Strategy, Functional Strategy, Organizational Levels, Strategic Decision-Making
Level: Level 1

Topic: Introduction to Business Strategy
Series: NOV 2016

BMIS – Nov 2016 – L1 – Q6a – Introduction to information technology and information systems

Differentiate between Decision Support Systems (DSS) and Executive Information Systems (EIS).

Question

How can you help your boss who has no knowledge in information technology to differentiate between Decision Support System (DSS) and Executive Information System (EIS)? (5 marks)

Answer

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Tags: Decision Support System, Executive Information System, Information Technology, Management Systems, Organizational Decision-Making
Level: Level 1

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

BMIS – Nov 2016 – L1 – Q5b – Introduction to business strategy

Explain the concept of SWOT analysis and its elements, providing examples for each.

Question

SWOT analysis is one of the most widely used strategy formulation techniques for businesses. Using your knowledge in Business Management, you are required to explain:

i) The concept of SWOT analysis. (2 marks)
ii) The elements in the SWOT analysis and provide ONE example to support each element. (12 marks)

Answer

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Tags: Explain the concept of SWOT analysis and its elements, providing examples for each.
Level: Level 1

Topic: Introduction to Business Strategy
Series: NOV 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.

You're reporting an error for "BMIS-Nov-2024-L1-Q3a- Arguments Against Maximizing Shareholder Wealth Through Rational Strategic Planning"

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 2019 – L1 – Q5 – HR – Other human resources functions

Discuss the importance of health and safety measures, and outline employer and employee responsibilities.

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BMIS – May 2019 – L1 – Q4 – Finance, R&D and marketing strategies

Explain the role of relationship marketing, customer care, and customer service in increasing sales revenue.

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BMIS – May 2019 – L1 – Q3b – Operations strategy

Explain the costs associated with producing quality products in reference to the four types of quality cost.

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BMIS – May 2019 – L1 – Q3a – Teams

State the potential drawbacks of working as a team.

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BMIS – May 2019 – L1 – Q2 – Introduction to business strategy

Explain the need for planning before embarking on a business venture and the advantages of a formal system of strategic planning.

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BMIS – May 2019 – L1 – Q1 – Business and organisational structure

Outline the characteristics of organisations, the public sector, strategic plans, and management information systems.

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BMIS – Nov 2016 – L1 – Q7b – Teams

Explain the stages of group development in a logical order.

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BMIS – Nov 2016 – L1 – Q7a – Introduction to business strategy

Differentiate between corporate-level and functional-level strategies based on key activity, risk, decision type, and duration.

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BMIS – Nov 2016 – L1 – Q6a – Introduction to information technology and information systems

Differentiate between Decision Support Systems (DSS) and Executive Information Systems (EIS).

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BMIS – Nov 2016 – L1 – Q5b – Introduction to business strategy

Explain the concept of SWOT analysis and its elements, providing examples for each.

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