Professional Body: ICA (Ghana)

Search 500 + past questions and counting.

PSAF – Nov 2020 – L2 – Q3a – The Budgeting Process in the Public Sector

Explain the factors militating against the budgeting system in the public sector.

Question

The budgeting process is a cycle of events which occur sequentially every
year and which results in the approved budgets in ministries and extra ministerial departments.

Required:
Explain five factors militating against the budgeting system in the public sector.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Budget Process, Government Expenditure, Public Sector Budgeting
Level: Level 2

Topic: The Budgeting Process in the Public Sector
Series: NOV 2020

BMIS – Nov 2019 – L1 – Q1a – The Business Organization and its Stakeholders

Explain three business types available to individuals venturing into business.

Question

Kofi Stone, Ama Black and Adwoa Sika who were your students at the Ultimate Business School have decided to venture into business after their National Service which ends in the next three months. They have approached you for your advice on the type(s) of business(es) which they should invest in, considering the country’s economic environment.

Required:
Explain THREE (3) business types available to them. (6 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Types, Limited Liability Company, Partnership, Sole Proprietorship
Level: Level 1

Topic: The Business Organisation and its Stakeholders
Series: NOV 2019

BMIS – Nov 2019 – L1 – Q1c – Organization culture in business

Explains centralization, decentralization, and three advantages of decentralization for a company.

Question

At the last Management meeting of Cool Hearts Ltd, which is a fast-moving consumer product firm with outlets throughout the country, it came out that sales and other targets were being missed as a result of the failure of top managers to involve subordinates in decision-making. You have just joined the company as an Organizational Analyst and have decided to submit a proposed solution to the problem to your Board at its next meeting to be held in two weeks’ time.

Required:
Explain the following:
i) Centralization (2 marks)
ii) Decentralization (2 marks)
iii) THREE (3) advantages Cool Hearts Ltd would gain from decentralizing its operations. (6 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Centralization, Decentralization, Decision Making, Management Decisions, Organizational Structure
Level: Level 1

Topic: Organisation culture in business
Series: NOV 2019

BMIS – Nov 2019 – L1 – Q1b – Characteristics of a Private Limited Company

Explain two characteristics of a private limited liability company.

Question

Explain TWO (2) characteristics of a Private Limited Liability Company. (4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Company Characteristics, Private Limited Liability
Level: Level 1

Topic: The Business Organisation and its Stakeholders
Series: NOV 2019

BMIS – Nov 2019 – L1 – Q2ai – Leadership Definition

Explain the term leadership in relation to its influence on group behavior.

Question

Explain the term Leadership. (2 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Group Dynamics, Influence, Leadership
Level: Level 1

Topic: Management and leadership
Series: NOV 2019

BMIS – Nov 2019 – L1 – Q2aii – Theories of Leadership

Explain the Trait, Style, and Contingency Theories of Leadership.

Question

Explain the following Theories of Leadership:

Trait (3 Marks)
Style (3 Marks)
Contingency (3 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Contingency Theory, Leadership Theories, Style Theory, Trait Theory
Level: Level 1

Topic: Management and leadership
Series: NOV 2019

BMIS – Nov 2019 – L1 – Q2bi – Extrinsic Rewards

Explain extrinsic rewards in relation to employee motivation.

Question

Explain the following in relation to the motivation of employees:
i) Extrinsic rewards (2 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Employee Compensation, Motivation, Rewards
Level: Level 1

Topic: Motivation
Series: MAY 2019, NOV 2019

BMIS – Nov 2019 – L1 – Q2bii – Intrinsic Rewards

Explain intrinsic rewards in relation to employee motivation.

Question

Explain the following in relation to the motivation of employees:
ii) Intrinsic rewards (2 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Job Satisfaction, Motivation, Psychological Rewards
Level: Level 1

Topic: Motivation
Series: NOV 2019

BMIS – Nov 2019 – L1 – Q2c – Group Development Stages

Outline the stages of group development in an organizational context.

Question

Outline the stages of group development. (5 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Group Development, Organizational Behavior, Team Formation
Level: Level 1

Topic: Teams
Series: NOV 2019

BMIS – NOV 2019 – L1 – Q3a – Mission Statement

Write a mission statement for Hard Leather Limited, a footwear manufacturing company with products for middle and upper classes.

Question

a) Hard Leather Limited is a footwear manufacturing company with a wide range of products for middle and upper classes.

Required: Write a mission statement for the company. (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Company objectives, Mission Statement, Strategic Planning
Level: Level 1

Topic: Introduction to Business Strategy
Series: NOV 2019

SCS – MAR 2024 – L3 – Q5b – Financial management

Calculate the effective rate of borrowing for three months and explain the advantages of convertible bonds.

Question

With reference to Option Two:

i) What would be its effective rate of borrowing for the three months if US dollar LIBOR is 4.50% at the start of the notional interest period for the FRA? (2 marks)
ii) What are the advantages of Convertible Bonds? (3 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Borrowing rate, Convertible Bonds, Financing, FRA
Level: Level 3

Topic: Financial management
Series: MAR 2024

SCS – MAR 2024 – L3 – Q5a – Financial management

Calculate various financial ratios including ROCE, EPS, DPS, and TSR based on given financial data.

Question

With reference to the information in Option One available to Prestige as presented by Professor Joseph Laing, a business consultant, calculate the following:

i) Return on Capital Employed (ROCE) (1 mark)
ii) Earnings Per Share (EPS) (1 mark)
iii) Dividend Per Share (DPS) (2 marks)
iv) Total Shareholders Return (TSR) (2 marks)
v) Explain the difference between ROCE and Accounting Rate of Return, their essential features, and relationship (4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: DPS, EPS, Financial Ratios, ROCE, TSR
Level: Level 3

Topic: Financial management
Series: MAR 2024

SCS – MAR 2024 – L3 – Q4b – Strategy implementation

Advise on an appropriate HR strategy to harmonize the organizational structure for effective delivery at Prestige.

Question

Each company acquired or merged by Prestige was allowed to maintain its human resource structure.

Required:
Analyze and advise on an appropriate HR strategy Prestige should adopt to harmonize the organizational structure for effective delivery of the company’s objectives.

Answer

Find Related Questions by Tags, levels, etc.

Tags: HR Strategy, Mergers and Acquisitions, Organizational Structure, workforce planning
Level: Level 3

Topic: Strategy implementation
Series: MAR 2024

SCS – Nov 2020 – L3 – Q7 – International financial management

Explain how to handle ethical conflicts and assess the impact of transaction risk on GGOH’s ability to repay its loan.

Question

ABGL that the loan will be paid within the period specified.

Required:
i) In reference to the IFAC suggested model for dealing with ethical conflicts and using your judgement, explain how you will undertake this assignment with integrity. (5 marks)

ii) Assess the impact of transaction risk on the ability of GGOH to repay its loan, with relevant calculations. (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Ethical conflict, Foreign Exchange Risk, IFAC model, Loan Repayment, Transaction Risk
Level: Level 3

Topic: International financial management
Series: NOV 2020

SCS – Nov 2020 – L3 – Q6 – Strategy implementation

Prepare a business plan extract for GGOH to meet one of ABGL’s recommendations, incorporating 2019 financial performance assumptions.

Question

As a Business Advisor, you have been contracted by the Management of GGOH to prepare a Business Plan to meet one of ABGL’s recommendations. For the purpose of this examination, you are required to prepare an extract based on the following structure:

Executive Summary
Body of the report
- Business description
- Business environment analysis
- Industry background
- Competitor analysis
Operating plans
- Marketing Plan
Management Summary
Financial Plan (You are expected to incorporate new assumptions based on the 2019 actual financial performance). (20 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Plan, Financial plan, Marketing Plan, Strategic Planning
Level: Level 3

Topic: Strategy implementation
Series: NOV 2020

SCS – MAR 2024 – L3 – Q4a – Strategy implementation

Explain how Prestige could leverage ICT using the four broad stages of e-business development to compete.

Question

Prestige’s Board has shifted from their long-standing reluctance to venture into foreign markets to seriously consider the possibility of expansion overseas. An important implication of this decision is that as the size of the market increases, competition becomes international. The main rivals are no longer local suppliers to a domestic market.

Required:
Using the four broad stages of development to a full e-business model, explain how Prestige could leverage ICT to compete.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business model, Competitive Advantage, E-Business, ICT
Level: Level 3

Topic: Strategy implementation
Series: MAR 2024

SCS – Nov 2020 – L3 – Q5 – Professional practice and codes of ethics

Advise on how GGOH could improve governance using the Ghana Code of Best Practices and the UK Corporate Governance Code.

Question

In reference to the Ghana Code of Best Practices for Corporate Governance and the UK Corporate Governance Code, advise the shareholders of GGOH on how they could improve governance in the organization. (10 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Best Practices, Corporate Governance, Ghana Code of Best Practices, UK Corporate Governance Code
Level: Level 3

Topic: Professional practice and codes of ethics
Series: NOV 2020

SCS – MAR 2024 – L3 – Q3 – Functional strategies

Explain the potential benefits of resource sharing through common IT systems at Prestige.

Question

When five years ago the present regional divisional structure of Greater Accra, Ashanti, and Eastern was formalized, an attempt was made to ensure that common systems and ways of working were adopted across each of the three regions. However, due to the pressures on the Company, this was never fully implemented.

Required:
Explain the potential benefits of resource sharing (configuring an organization’s computing system in such a way that the information and resources within it can be accessed, and remotely accessed, across multiple administrative domains) to Prestige if they adopt common IT systems.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Cost savings, IT Systems, remote access, resource sharing
Level: Level 3

Topic: Functional strategies
Series: MAR 2024

SCS – Nov 2020 – L3 – Q4b – Strategy implementation

Advise on the merits and demerits of the shareholders' decision not to employ a managing director at GGOH, considering their circumstances.

Question

The shareholders of GGOH decided that they will at all times maintain four individuals as members of the Board, and the Chairmanship will alternate between the two shareholders every two years. This could be a potential for conflicts between the shareholders.

Required:
Advise the shareholders on the merits and demerits of their decision not to employ a Managing Director, taking into consideration their peculiar circumstances. Highlight ethical issues that might arise. (10 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Conflict Resolution, Corporate Governance, Ethical Issues, Leadership, Managing director
Level: Level 3

Topic: Strategy implementation
Series: NOV 2020

SCS – MAR 2024 – L3 – Q2 – Competitive advantage

Apply and appraise Porter’s three strategies for sustaining competitive advantage for Prestige Designers Ltd.

Question

A strategic clock can be used to consider different business strategies for gaining competitive advantage, based on providing a combination of price and perceived benefits. Porter has suggested three strategies for sustaining competitive advantage over rival firms and their products or services. They are a cost leadership strategy, a differentiation strategy, and a focus strategy.

Required:
Apply and appraise how effective the suggested three strategies for sustaining competitive advantage over rival firms would be useful to Prestige. (10 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Competitive Advantage, cost leadership, Differentiation, focus strategy
Level: Level 3

Topic: Competitive Advantage
Series: MAR 2024

Professional Body: ICA (Ghana)

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

PSAF – Nov 2020 – L2 – Q3a – The Budgeting Process in the Public Sector

Explain the factors militating against the budgeting system in the public sector.

You're reporting an error for "PSAF – Nov 2020 – L2 – Q3a – The Budgeting Process in the Public Sector"

BMIS – Nov 2019 – L1 – Q1a – The Business Organization and its Stakeholders

Explain three business types available to individuals venturing into business.

You're reporting an error for "BMIS – Nov 2019 – L1 – Q1a – The Business Organization and its Stakeholders"

BMIS – Nov 2019 – L1 – Q1c – Organization culture in business

Explains centralization, decentralization, and three advantages of decentralization for a company.

You're reporting an error for "BMIS – Nov 2019 – L1 – Q1c – Organization culture in business"

BMIS – Nov 2019 – L1 – Q1b – Characteristics of a Private Limited Company

Explain two characteristics of a private limited liability company.

You're reporting an error for "BMIS – Nov 2019 – L1 – Q1b – Characteristics of a Private Limited Company"

BMIS – Nov 2019 – L1 – Q2ai – Leadership Definition

Explain the term leadership in relation to its influence on group behavior.

You're reporting an error for "BMIS – Nov 2019 – L1 – Q2ai – Leadership Definition"

BMIS – Nov 2019 – L1 – Q2aii – Theories of Leadership

Explain the Trait, Style, and Contingency Theories of Leadership.

You're reporting an error for "BMIS – Nov 2019 – L1 – Q2aii – Theories of Leadership"

BMIS – Nov 2019 – L1 – Q2bi – Extrinsic Rewards

Explain extrinsic rewards in relation to employee motivation.

You're reporting an error for "BMIS – Nov 2019 – L1 – Q2bi – Extrinsic Rewards"

BMIS – Nov 2019 – L1 – Q2bii – Intrinsic Rewards

Explain intrinsic rewards in relation to employee motivation.

You're reporting an error for "BMIS – Nov 2019 – L1 – Q2bii – Intrinsic Rewards"

BMIS – Nov 2019 – L1 – Q2c – Group Development Stages

Outline the stages of group development in an organizational context.

You're reporting an error for "BMIS – Nov 2019 – L1 – Q2c – Group Development Stages"

BMIS – NOV 2019 – L1 – Q3a – Mission Statement

Write a mission statement for Hard Leather Limited, a footwear manufacturing company with products for middle and upper classes.

You're reporting an error for "BMIS – NOV 2019 – L1 – Q3a – Mission Statement"

SCS – MAR 2024 – L3 – Q5b – Financial management

Calculate the effective rate of borrowing for three months and explain the advantages of convertible bonds.

You're reporting an error for "SCS – MAR 2024 – L3 – Q5b – Financial management"

SCS – MAR 2024 – L3 – Q5a – Financial management

Calculate various financial ratios including ROCE, EPS, DPS, and TSR based on given financial data.

You're reporting an error for "SCS – MAR 2024 – L3 – Q5a – Financial management"

SCS – MAR 2024 – L3 – Q4b – Strategy implementation

Advise on an appropriate HR strategy to harmonize the organizational structure for effective delivery at Prestige.

You're reporting an error for "SCS – MAR 2024 – L3 – Q4b – Strategy implementation"

SCS – Nov 2020 – L3 – Q7 – International financial management

Explain how to handle ethical conflicts and assess the impact of transaction risk on GGOH’s ability to repay its loan.

You're reporting an error for "SCS – Nov 2020 – L3 – Q7 – International financial management"

SCS – Nov 2020 – L3 – Q6 – Strategy implementation

Prepare a business plan extract for GGOH to meet one of ABGL’s recommendations, incorporating 2019 financial performance assumptions.

You're reporting an error for "SCS – Nov 2020 – L3 – Q6 – Strategy implementation"

SCS – MAR 2024 – L3 – Q4a – Strategy implementation

Explain how Prestige could leverage ICT using the four broad stages of e-business development to compete.

You're reporting an error for "SCS – MAR 2024 – L3 – Q4a – Strategy implementation"

SCS – Nov 2020 – L3 – Q5 – Professional practice and codes of ethics

Advise on how GGOH could improve governance using the Ghana Code of Best Practices and the UK Corporate Governance Code.

You're reporting an error for "SCS – Nov 2020 – L3 – Q5 – Professional practice and codes of ethics"

SCS – MAR 2024 – L3 – Q3 – Functional strategies

Explain the potential benefits of resource sharing through common IT systems at Prestige.

You're reporting an error for "SCS – MAR 2024 – L3 – Q3 – Functional strategies"

SCS – Nov 2020 – L3 – Q4b – Strategy implementation

Advise on the merits and demerits of the shareholders' decision not to employ a managing director at GGOH, considering their circumstances.

You're reporting an error for "SCS – Nov 2020 – L3 – Q4b – Strategy implementation"

SCS – MAR 2024 – L3 – Q2 – Competitive advantage

Apply and appraise Porter’s three strategies for sustaining competitive advantage for Prestige Designers Ltd.

You're reporting an error for "SCS – MAR 2024 – L3 – Q2 – Competitive advantage"

Our offerings

Contact Info

Customer

Get In Touch

admin