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 2016 – L1 – Q5a – The external environment

Outline factors in an organization's external environment that are beyond its control.

Question

An organization’s external environment is made up of those factors over which the organization has no degree of control.

Outline SIX of these factors. (6 marks)

Answer

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Tags: Business Environment, Ecological, Economic, External Environment, Legal, Political, Socio-Cultural, Technological
Level: Level 1

Topic: The external environment
Series: NOV 2016

BMIS – Nov 2016 – L1 – Q4b – HR – Other human resources functions

Suggest reasons to allocate funds for employee health and safety needs in an organization.

Question

The finance department in your company recently refused to allocate funds to the human resources department to cater for the health and safety needs of employees, arguing that it is a waste of funds.

Suggest FOUR reasons to the finance department why it is necessary to allocate the funds. (12 marks)

Answer

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Tags: Employee Welfare, Financial Allocation, Health and Safety, Human Resources, Legal obligations
Level: Level 1

Topic: HR - Other Human Resources functions
Series: NOV 2016

BMIS – Nov 2016 – L1 – Q4a – Business and organisational structure

State reasons that may influence a company or government to undertake a divestiture program.

Question

State FOUR reasons that may influence a company or government to undertake a divestiture programme.

(8 marks)

Answer

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Tags: Bankruptcy, Business Strategy, Divestiture, Fundraising, Organizational Structure
Level: Level 1

Topic: Business and Organisational Structure
Series: NOV 2016

BMIS – Nov 2016 – L1 – Q3 – Introduction to business strategy

Discuss reasons for and against investing in the strategic planning process in a multinational company.

Question

At a recent board meeting of a multinational company, there was a heated debate on whether the company should continue to invest resources in strategic planning processes. A section of the board members believed that it is worth investing, whilst the other section opposed that decision because they considered such an activity as a waste of resources.

Your task is to state:

a) FIVE reasons why you think the company must continue to invest in the strategic planning process. (10 marks)

b) FIVE reasons why it might not be necessary for the company to invest in the strategic planning process. (10 marks)

Answer

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Tags: Business Strategy, Resource Allocation, Risk Reduction, Strategic Planning
Level: Level 1

Topic: Introduction to Business Strategy
Series: NOV 2016

BMIS – Nov 2016 – L1 – Q2b – Business and organisational structure

Explain the advantages and disadvantages of adopting a virtual organizational structure for a medium-sized company with global operations.

Question

The management of a medium-sized company has adopted the virtual organizational structure as a result of its expanded activities to different parts of the world.

State FOUR advantages and THREE disadvantages of the adoption of this decision. (14 marks)

Answer

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Tags: Advantages, Disadvantages, Global Operations, Organizational Structure, Virtual Organization
Level: Level 1

Topic: Business and Organisational Structure
Series: NOV 2016

BMIS – Nov 2016 – L1 – Q2a – Operations strategy

Identify reasons for employee resistance to the implementation of Total Quality Management (TQM).

Question

Your company has implemented a Total Quality Management approach (TQM), but this has been resisted by most of the employees. State THREE reasons that might have accounted for such resistance. (6 marks)

Answer

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Tags: Employee Resistance, Organizational Change, Resistance, Total Quality Management, TQM
Level: Level 1

Topic: Operations strategy
Series: NOV 2016

BMIS – Nov 2016 – L1 – Q1b – Competitive forces and markets

Identify bases and conditions for successful market segmentation for a global clothing manufacturer.

Question

Bisclothing manufactures clothing for the global market and has decided to segment the market to be able to serve its customers well. Your task is to:

i) State THREE bases for segmenting the global clothing market of Bisclothing. (6 marks)
ii) State FOUR conditions that Bisclothing can use to ensure a successful segmentation process for the company. (8 marks)

Answer

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Tags: Global Market, Market Segmentation, Segmentation Bases, Segmentation Conditions
Level: Level 1

Topic: Competitive forces and markets
Series: NOV 2016

BMIS – Nov 2016 – L1 – Q1a – The business organisation and its stakeholders

Differentiate between profit and non-profit organizations in terms of purpose, fundraising, and surplus utilization.

Question

Both profit and non-profit making organizations operate in the economic development of every country. However, they differ in their objectives and operations.

Show these differences with reference to the following: i) Purpose of existence (2 marks)
ii) Raising of funds (2 marks)
iii) Utilisation of surplus funds (2 marks)

Answer

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Tags: Business Organisation, Fundraising, Objectives, Profit vs Non-Profit, Surplus Utilization
Level: Level 1

Topic: The Business Organisation and its Stakeholders
Series: NOV 2016

BMIS – Nov 2018 – L1 – Q7 – Management and leadership

Explain key features of supervision and identify managerial skills important to a good leader.

Question

A Supervisor’s role as the lowest level of management is to interface between managerial and non-managerial staff. Management can be exercised over resources, activities, projects, and other essential non-personal things, while Leadership can only be exercised over people.

Required:

a) Explain FOUR (4) key features of supervision. (10 marks)

b) State FIVE (5) range of business and managerial skills important to a good leader. (10 marks)

Answer

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Tags: Decision Making, Front-line Management, Leadership, Managerial Skills, Supervision
Level: Level 1

Topic: Management and leadership
Series: NOV 2018

BMIS – Nov 2018 – L1 – Q6 – Introduction to business strategy

Explain the relationship between corporate planning and marketing strategy and identify sections in a marketing plan.

Question

A Marketing Officer who has just been employed by NACAP Ltd has identified the need for a marketing plan for the company although the Managing Director and the wife, who own the business, do not share her view. She is convinced that there should be a corporate strategy to drive the marketing plan.

Required:

a) Explain FOUR (4) relationships between corporate planning and marketing strategy. (10 marks)

b) Identify FOUR (4) sections in the format of a marketing plan and describe the contents of the sections identified. (10 marks)

Answer

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Tags: Business Planning, Corporate Planning, Marketing Strategy, Strategic Management
Level: Level 1

Topic: Introduction to Business Strategy
Series: NOV 2018

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.

You're reporting an error for "BMIS-Nov-2024-L1-Q5a- Product Life Cycle Stages"

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.

You're reporting an error for "BMIS-NOV2024-LV1-Q2a-Monopoly Control and Government Action"

BMIS – Nov 2016 – L1 – Q5a – The external environment

Outline factors in an organization's external environment that are beyond its control.

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BMIS – Nov 2016 – L1 – Q4b – HR – Other human resources functions

Suggest reasons to allocate funds for employee health and safety needs in an organization.

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BMIS – Nov 2016 – L1 – Q4a – Business and organisational structure

State reasons that may influence a company or government to undertake a divestiture program.

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BMIS – Nov 2016 – L1 – Q3 – Introduction to business strategy

Discuss reasons for and against investing in the strategic planning process in a multinational company.

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BMIS – Nov 2016 – L1 – Q2b – Business and organisational structure

Explain the advantages and disadvantages of adopting a virtual organizational structure for a medium-sized company with global operations.

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BMIS – Nov 2016 – L1 – Q2a – Operations strategy

Identify reasons for employee resistance to the implementation of Total Quality Management (TQM).

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BMIS – Nov 2016 – L1 – Q1b – Competitive forces and markets

Identify bases and conditions for successful market segmentation for a global clothing manufacturer.

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BMIS – Nov 2016 – L1 – Q1a – The business organisation and its stakeholders

Differentiate between profit and non-profit organizations in terms of purpose, fundraising, and surplus utilization.

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BMIS – Nov 2018 – L1 – Q7 – Management and leadership

Explain key features of supervision and identify managerial skills important to a good leader.

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BMIS – Nov 2018 – L1 – Q6 – Introduction to business strategy

Explain the relationship between corporate planning and marketing strategy and identify sections in a marketing plan.

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