Advantages – Page 2 – NBC Institute

BF – Nov 2015 – L1 – SA – Q17 – The Business Environment

Identifying what is not an advantage of a partnership business.

Question

Which of the following is NOT an advantage of a partnership business?
A. More financial resources
B. Registration with Corporate Affairs Commission
C. Payment of Corporate Income Tax
D. Sharing of risk and losses
E. Continuity

Answer

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Tags: Advantages, Business Structure, Partnership
Level: Level 1

Topic: The Business Environment
Series: NOV 2015

MI – Nov 2021 – L1 – SB – Q6d – Information Systems

Identify five advantages of multiprogramming.

Question

Identify FIVE advantages of multiprogramming. (5 Marks)

Answer

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Tags: Advantages, Multiprogramming, Operating Systems
Level: Level 1

Topic: Information Systems
Series: NOV 2021

MI – Nov 2021 – L1 – SB – Q1b – Costing Methods

List three advantages and two disadvantages of Activity-Based Costing.

Question

State THREE advantages and TWO disadvantages of the activity-based costing (ABC) system.

Answer

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Tags: Activity-Based Costing, Advantages, Disadvantages
Level: Level 1

Topic: Costing Methods
Series: NOV 2021

MI – May 2022 – L1 – SB – Q6b – Electronic Business and E-Commerce

Identify two advantages and three disadvantages of a digital firm.

Question

Identify TWO advantages and THREE disadvantages of a digital firm.

Answer

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Tags: Advantages, Digital Firm, Disadvantages
Level: Level 1

Topic: Electronic Business and E-Commerce
Series: MAY 2022

MI – Nov 2022 – L1 – SB – Q6a – Cloud Computing

Definition of cloud computing and identification of its advantages and disadvantages

Question

Information processing and computing services have moved from computer bureaus to cloud computing.
You are required to:
i. Define cloud computing. (2 Marks)
ii. Enumerate FIVE advantages and THREE disadvantages of cloud computing. (8 Marks)

Answer

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Tags: Advantages, Cloud Computing, Disadvantages
Level: Level 1

Topic: Cloud Computing
Series: NOV 2022

BL – Nov 2019 – L1 – SB – Q5c – Alternative Dispute Resolution

Explaining arbitration and identifying two key advantages of the process.

Question

Disputes and differences between parties could be resolved or redressed through various means, including arbitration.
Required:
i. Explain briefly, the term “Arbitration”. (2 Marks)
ii. State TWO advantages of Arbitration. (2 Marks)

Answer

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Tags: Advantages, Alternative Dispute Resolution (ADR), Arbitration, Dispute Resolution
Level: Level 1

Topic: Alternative Dispute Resolution
Series: NOV 2019

MI – May 2016 – L1 – SB – Q5c – Computer Hardware, Software, and Data Life Cycle

State three advantages and three disadvantages of video conferencing.

Question

State THREE advantages and THREE disadvantages of Video Conferencing.

Answer

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Tags: Advantages, Communication, Disadvantages, Video Conferencing
Level: Level 1

Topic: Computer Hardware, Software, and Data Life Cycle
Series: MAY 2016

BMF – May 2024 – L1 – SB – Q4b – Business and Organizational Structures and Choices

Explanation of the advantages and disadvantages of joint ventures.

Question

b. State FOUR advantages and FOUR disadvantages of Joint ventures. (8 Marks)

Answer

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Tags: Advantages, Business Partnerships, Disadvantages, Joint Ventures
Level: Level 1

Topic: Business and Organizational Structures and Choices
Series: MAY 2024

AA – Nov 2019 – L2 – Q4b – Internal Audit and Its Relationship with External Audit

Defines outsourcing and discusses the advantages and disadvantages of outsourcing the internal audit function.

Question

he management of your company is carrying out major restructuring of the operations of the company for more effective and efficient achievement of objectives and targets. One of the major decisions taken was the outsourcing of the Internal Audit Function.

Required:
i) Define outsourcing. (2 marks)
ii) Identify FOUR (4) advantages and FOUR (4) disadvantages of outsourcing the internal audit function. (8 marks)

Answer

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Tags: Advantages, Disadvantages, Efficiency, Internal Audit, Outsourcing
Level: Level 2

Topic: Internal Audit and External Audit Relationship
Series: NOV 2019

AA – Nov 2016 – L2 – Q1c – Types of Audit and Assurance Engagements

Compare and contrast interim and final audits, listing two advantages and disadvantages of each.

Question

Distinguish between interim audit and final audit, identifying TWO advantages and disadvantages of each. (5 marks)

Answer

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Tags: Advantages, Disadvantages, Final Audit, Interim Audit
Level: Level 2

Topic: Types of Audit and Assurance Engagements
Series: NOV 2016

AA – Nov 2021 – L2 – Q1a – Internal Audit and its Relationship with External Audit

Explains two advantages and three disadvantages of outsourcing an internal audit function to an external company.

Question

Traditionally, internal audit work is undertaken mainly by in-house teams. However, in recent times many organizations outsource either completely or partially their internal audit function. Kofi Krakye, the Financial Controller of BHB Ltd, has advised management to consider outsourcing their internal audit function to FPP Ltd.

Required:
Explain TWO (2) advantages and THREE (3) disadvantages of outsourcing the internal audit function to FPP Ltd.
(5 marks)

Answer

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Tags: Advantages, Conflict of Interest, Continuity, Cost, Disadvantages, External audit, Internal Audit, Outsourcing
Level: Level 2

Topic: Internal Audit and Its Relationship with External Audit
Series: NOV 2021

MA – July 2023 – L2 – Q4b – Budgetary Control

Outline the advantages and disadvantages of employee participation in budgeting processes within an organization.

Question

b) It is argued that the extent of budget performance is influenced largely by the extent of involvement of all persons connected with the budgeting process.

Required: Outline THREE (3) advantages and TWO (2) disadvantages of employee participation in budgeting. (5 marks)

Answer

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Tags: Advantages, Budgeting, Disadvantages, Employee Participation, Organizational Behavior
Level: Level 2

Topic: Budgetary control
Series: JULY 2023

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 – July 2023 – Q4b – Operations strategy

List and explain five advantages of a product layout in manufacturing.

Question

Product layout is a production layout used for manufacturers who produce large volumes of goods to ensure smooth rapid flow of production. Required: Highlight FIVE (5) advantages of a product layout.

Answer

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Tags: Advantages, Efficiency, Manufacturing, Operations Strategy, Product Layout
Level: Level 1

Series: JULY 2023

Question Tag: Advantages

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BF – Nov 2015 – L1 – SA – Q17 – The Business Environment

Identifying what is not an advantage of a partnership business.

MI – Nov 2021 – L1 – SB – Q6d – Information Systems

Identify five advantages of multiprogramming.

MI – Nov 2021 – L1 – SB – Q1b – Costing Methods

List three advantages and two disadvantages of Activity-Based Costing.

MI – May 2022 – L1 – SB – Q6b – Electronic Business and E-Commerce

Identify two advantages and three disadvantages of a digital firm.

MI – Nov 2022 – L1 – SB – Q6a – Cloud Computing

Definition of cloud computing and identification of its advantages and disadvantages

BL – Nov 2019 – L1 – SB – Q5c – Alternative Dispute Resolution

Explaining arbitration and identifying two key advantages of the process.

MI – May 2016 – L1 – SB – Q5c – Computer Hardware, Software, and Data Life Cycle

State three advantages and three disadvantages of video conferencing.

BMF – May 2024 – L1 – SB – Q4b – Business and Organizational Structures and Choices

Explanation of the advantages and disadvantages of joint ventures.

AA – Nov 2019 – L2 – Q4b – Internal Audit and Its Relationship with External Audit

Defines outsourcing and discusses the advantages and disadvantages of outsourcing the internal audit function.

AA – Nov 2016 – L2 – Q1c – Types of Audit and Assurance Engagements

Compare and contrast interim and final audits, listing two advantages and disadvantages of each.

AA – Nov 2021 – L2 – Q1a – Internal Audit and its Relationship with External Audit

Explains two advantages and three disadvantages of outsourcing an internal audit function to an external company.

MA – July 2023 – L2 – Q4b – Budgetary Control

Outline the advantages and disadvantages of employee participation in budgeting processes within an organization.

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.

BMIS – July 2023 – Q4b – Operations strategy

List and explain five advantages of a product layout in manufacturing.

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BF – Nov 2015 – L1 – SA – Q17 – The Business Environment

Identifying what is not an advantage of a partnership business.

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MI – Nov 2021 – L1 – SB – Q6d – Information Systems

Identify five advantages of multiprogramming.

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MI – Nov 2021 – L1 – SB – Q1b – Costing Methods

List three advantages and two disadvantages of Activity-Based Costing.

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MI – May 2022 – L1 – SB – Q6b – Electronic Business and E-Commerce

Identify two advantages and three disadvantages of a digital firm.

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MI – Nov 2022 – L1 – SB – Q6a – Cloud Computing

Definition of cloud computing and identification of its advantages and disadvantages

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BL – Nov 2019 – L1 – SB – Q5c – Alternative Dispute Resolution

Explaining arbitration and identifying two key advantages of the process.

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MI – May 2016 – L1 – SB – Q5c – Computer Hardware, Software, and Data Life Cycle

State three advantages and three disadvantages of video conferencing.

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BMF – May 2024 – L1 – SB – Q4b – Business and Organizational Structures and Choices

Explanation of the advantages and disadvantages of joint ventures.

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AA – Nov 2019 – L2 – Q4b – Internal Audit and Its Relationship with External Audit

Defines outsourcing and discusses the advantages and disadvantages of outsourcing the internal audit function.

You're reporting an error for "AA – Nov 2019 – L2 – Q4b – Internal Audit and Its Relationship with External Audit"

AA – Nov 2016 – L2 – Q1c – Types of Audit and Assurance Engagements

Compare and contrast interim and final audits, listing two advantages and disadvantages of each.

You're reporting an error for "AA – Nov 2016 – L2 – Q1c – Types of Audit and Assurance Engagements"

AA – Nov 2021 – L2 – Q1a – Internal Audit and its Relationship with External Audit

Explains two advantages and three disadvantages of outsourcing an internal audit function to an external company.

You're reporting an error for "AA – Nov 2021 – L2 – Q1a – Internal Audit and its Relationship with External Audit"

MA – July 2023 – L2 – Q4b – Budgetary Control

Outline the advantages and disadvantages of employee participation in budgeting processes within an organization.

You're reporting an error for "MA – July 2023 – L2 – Q4b – Budgetary Control"

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.

You're reporting an error for "BMIS – Nov 2016 – L1 – Q2b – Business and organisational structure"

BMIS – July 2023 – Q4b – Operations strategy

List and explain five advantages of a product layout in manufacturing.

You're reporting an error for "BMIS – July 2023 – Q4b – Operations strategy"

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