Question Tag: Business operations

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QTB – May 2017 – L1 – SA – Q20 – Operations Research

This question calculates the holding cost of a unit item based on EOQ and given parameters.

Question

In Inventory Control, the Economic Order Quantity (EOQ) of an item is given as 500 units, ordering cost as ₦500 per order, and the demand for the item in six months is 2,500 units. What is the holding cost of a unit of the item per annum?

A. ₦10
B. ₦20
C. ₦30
D. ₦40
E. ₦50

Answer

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Tags: Business operations, EOQ, Holding Cost
Level: Level 1

Topic: Operations Research
Series: MAY 2017

SCS – Aug 2022 – L3 – Q4 – Competitive Advantage

Explains the five primary activities of Porter's value chain and their relevance to Bazar's business processes.

Question

Within an entity, there is a primary value chain and there are support activities (also called secondary value chain). Porter identified five primary value chain activities which can be applied to a retailing company such as Bazar.

Required:
Using the concept of the value chain, explain using a diagram the FIVE (5) primary value chain as explained by Porter to the management of Bazar highlighting their relevance. (10 marks)

Answer

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Tags: Business operations, Porter, Retail Industry, Strategic Success, Value Chain
Level: Level 3

Topic: Competitive Advantage
Series: AUG 2022

BMF – May 2021 – L1 – SA – Q7 – Basic Management Functions

Identifies which activity does not belong to the manufacturing function in an organization.

Question

Which of the following activities may NOT be taken as part of manufacturing function in an organization?
A. Engineering and maintenance work
B. Physical delivery of goods to customers
C. Production planning and control
D. Quality control and checking
E. Inspection of finished goods

Answer

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Tags: Business operations, Manufacturing, Quality control
Level: Level 1

Topic: Basic Management Functions
Series: MAY 2021

BL – May 2023 – L1 – SA – Q15 – Company Law

Identify the effect of a receivership order on company operations.

Question

Which of the following is an effect of a receivership order?

A. Powers of the company directors cease
B. The Company Secretary becomes the Receiver Manager
C. The shareholders take over the company’s assets
D. The official receiver locks up the company
E. The debtors are imprisoned

Answer

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Tags: Business operations, Company Law, Legal Effects, Receivership
Level: Level 1

Topic: Company Law
Series: MAY 2023

MI – May 2023 – L1 – SB – Q4a – Information Systems

This question asks for two purposes of information management in an organization.

Question

Identify TWO purposes of information management in an organization.

Answer

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Tags: Business operations, Decision Support, Information Management
Level: Level 1

Topic: Information Systems
Series: MAY 2023

MI – May 2017 – L1 – SA – Q19 – Information Systems

Identify the system best suited for high volume transactions.

Question

The information system best suited for high volume transactions and predefined tasks is:
A. Online Processing System
B. Real-Time Processing System
C. Transaction Processing System
D. Management Information System
E. Batch Processing System

Answer

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Tags: Business operations, Information Systems, Transaction Processing
Level: Level 1

Topic: Information Systems
Series: MAY 2017

MI – May 2017 – L1 – SA – Q12 – Budgeting

Identify the component that is not part of working capital.

Question

Which of the following is NOT part of the component of working capital?
A. Stock of raw material
B. Stock of finished goods
C. Debenture
D. Receivables
E. Payables

Answer

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Tags: Business operations, Financial management, Working Capital
Level: Level 1

Topic: Budgeting
Series: MAY 2017

AT – May 2020 – L3 – Q1 – International taxation

Explanation of the concept of permanent establishment in Ghana and the differences between economic and juridical double taxation.

Question

The spectrum of investment opportunities in Ghana has heightened and this has attracted some investors who intend to visit next month to assess the potential for investment. The Ministry of Finance has written to your Tax Consulting Firm to make a presentation on behalf of the Ministry to these Investors. The letter from the Ministry contains in part the following:

“International trade has given persons the ability to carry out separate aspects of their business operations in different countries. Even though it will be inconceivable to compel a person to pay taxes in every country where that person carries out business operations, the level of business activity carried on by a person in a particular country may expose that person to tax liabilities under the laws of that country. In Ghana, assessable income of a non-resident person includes income effectively connected with a Ghanaian permanent establishment of the person irrespective of the source of the income…”

Required: Prepare a report highlighting the following:

a) What constitutes a Ghanaian permanent establishment with reference to the Income Tax Act, 2015 (Act 896)?
(4 marks)

b) Explain the taxation rules on Ghanaian permanent establishment as enshrined in the Income Tax Act, 2015 (Act 896).
(10 marks)

c) There are economic double taxation and juridical double taxation. Explain these TWO (2) concepts of double taxation.
(6 marks)

Answer

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Tags: Business operations, Double Taxation, Ghana tax laws, Permanent Establishment, Tax treaties
Level: Level 3

Topic: International taxation
Series: MAY 2020

AT – Nov 2016 – L3 – Q4a – Tax administration in Ghana

Discuss the tax benefits that Pearl House Ltd stands to gain by operating in a Free Zone.

Question

a) Pearl House Ltd is a company incorporated in Ghana and contemplates applying for a license to operate within the Free Zone environment from the Free Zone Board as opposed to an earlier decision to run a Micro Finance Business. Management has been at a crossroads on the decision to make.

Required:
As a Tax Consultant, the Management of Pearl House Ltd has approached you to join them at a breakfast meeting and convince them on the tax benefits, if any, that Pearl House Ltd stands to gain from operating in the Free Zone environment. (10 marks)

Answer

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Tags: Business operations, Corporate Taxation, Free Zone, Tax Benefits
Level: Level 3

Topic: Tax administration in Ghana
Series: NOV 2016

BMIS – Nov 2023 – L1 – Q2c – Business and organisational structure

State five factors that business organizations consider when setting prices for their products to remain competitive and attractive to customers.

Question

Business organisations consider several factors when setting prices for their products. This is to enable them remain competitive and also remain attractive to customers.

Required: State FIVE (5) of these factors. (5 marks)

Answer

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Tags: Business operations, Competition, Market factors, Pricing Strategy, Product lifecycle
Level: Level 1

Topic: Business and Organisational Structure
Series: NOV 2023

QTB – May 2017 – L1 – SA – Q20 – Operations Research

This question calculates the holding cost of a unit item based on EOQ and given parameters.

Question

A. ₦10
B. ₦20
C. ₦30
D. ₦40
E. ₦50

Answer

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Tags: Business operations, EOQ, Holding Cost
Level: Level 1

Topic: Operations Research
Series: MAY 2017

SCS – Aug 2022 – L3 – Q4 – Competitive Advantage

Explains the five primary activities of Porter's value chain and their relevance to Bazar's business processes.

Question

Required:
Using the concept of the value chain, explain using a diagram the FIVE (5) primary value chain as explained by Porter to the management of Bazar highlighting their relevance. (10 marks)

Answer

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Tags: Business operations, Porter, Retail Industry, Strategic Success, Value Chain
Level: Level 3

Topic: Competitive Advantage
Series: AUG 2022

BMF – May 2021 – L1 – SA – Q7 – Basic Management Functions

Identifies which activity does not belong to the manufacturing function in an organization.

Question

Answer

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Tags: Business operations, Manufacturing, Quality control
Level: Level 1

Topic: Basic Management Functions
Series: MAY 2021

BL – May 2023 – L1 – SA – Q15 – Company Law

Identify the effect of a receivership order on company operations.

Question

Which of the following is an effect of a receivership order?

Answer

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Tags: Business operations, Company Law, Legal Effects, Receivership
Level: Level 1

Topic: Company Law
Series: MAY 2023

MI – May 2023 – L1 – SB – Q4a – Information Systems

This question asks for two purposes of information management in an organization.

Question

Identify TWO purposes of information management in an organization.

Answer

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Tags: Business operations, Decision Support, Information Management
Level: Level 1

Topic: Information Systems
Series: MAY 2023

MI – May 2017 – L1 – SA – Q19 – Information Systems

Identify the system best suited for high volume transactions.

Question

Answer

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Tags: Business operations, Information Systems, Transaction Processing
Level: Level 1

Topic: Information Systems
Series: MAY 2017

MI – May 2017 – L1 – SA – Q12 – Budgeting

Identify the component that is not part of working capital.

Question

Which of the following is NOT part of the component of working capital?
A. Stock of raw material
B. Stock of finished goods
C. Debenture
D. Receivables
E. Payables

Answer

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Tags: Business operations, Financial management, Working Capital
Level: Level 1

Topic: Budgeting
Series: MAY 2017

AT – May 2020 – L3 – Q1 – International taxation

Explanation of the concept of permanent establishment in Ghana and the differences between economic and juridical double taxation.

Question

Required: Prepare a report highlighting the following:

a) What constitutes a Ghanaian permanent establishment with reference to the Income Tax Act, 2015 (Act 896)?
(4 marks)

b) Explain the taxation rules on Ghanaian permanent establishment as enshrined in the Income Tax Act, 2015 (Act 896).
(10 marks)

c) There are economic double taxation and juridical double taxation. Explain these TWO (2) concepts of double taxation.
(6 marks)

Answer

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Tags: Business operations, Double Taxation, Ghana tax laws, Permanent Establishment, Tax treaties
Level: Level 3

Topic: International taxation
Series: MAY 2020

AT – Nov 2016 – L3 – Q4a – Tax administration in Ghana

Discuss the tax benefits that Pearl House Ltd stands to gain by operating in a Free Zone.

Question

Answer

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Tags: Business operations, Corporate Taxation, Free Zone, Tax Benefits
Level: Level 3

Topic: Tax administration in Ghana
Series: NOV 2016

BMIS – Nov 2023 – L1 – Q2c – Business and organisational structure

State five factors that business organizations consider when setting prices for their products to remain competitive and attractive to customers.

Question

Business organisations consider several factors when setting prices for their products. This is to enable them remain competitive and also remain attractive to customers.

Required: State FIVE (5) of these factors. (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business operations, Competition, Market factors, Pricing Strategy, Product lifecycle
Level: Level 1

Topic: Business and Organisational Structure
Series: NOV 2023

Question Tag: Business operations

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QTB – May 2017 – L1 – SA – Q20 – Operations Research

This question calculates the holding cost of a unit item based on EOQ and given parameters.

You're reporting an error for "QTB – May 2017 – L1 – SA – Q20 – Operations Research"

SCS – Aug 2022 – L3 – Q4 – Competitive Advantage

Explains the five primary activities of Porter's value chain and their relevance to Bazar's business processes.

You're reporting an error for "SCS – Aug 2022 – L3 – Q4 – Competitive Advantage"

BMF – May 2021 – L1 – SA – Q7 – Basic Management Functions

Identifies which activity does not belong to the manufacturing function in an organization.

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BL – May 2023 – L1 – SA – Q15 – Company Law

Identify the effect of a receivership order on company operations.

You're reporting an error for "BL – May 2023 – L1 – SA – Q15 – Company Law"

MI – May 2023 – L1 – SB – Q4a – Information Systems

This question asks for two purposes of information management in an organization.

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MI – May 2017 – L1 – SA – Q19 – Information Systems

Identify the system best suited for high volume transactions.

You're reporting an error for "MI – May 2017 – L1 – SA – Q19 – Information Systems"

MI – May 2017 – L1 – SA – Q12 – Budgeting

Identify the component that is not part of working capital.

You're reporting an error for "MI – May 2017 – L1 – SA – Q12 – Budgeting"

AT – May 2020 – L3 – Q1 – International taxation

Explanation of the concept of permanent establishment in Ghana and the differences between economic and juridical double taxation.

You're reporting an error for "AT – May 2020 – L3 – Q1 – International taxation"

AT – Nov 2016 – L3 – Q4a – Tax administration in Ghana

Discuss the tax benefits that Pearl House Ltd stands to gain by operating in a Free Zone.

You're reporting an error for "AT – Nov 2016 – L3 – Q4a – Tax administration in Ghana"

BMIS – Nov 2023 – L1 – Q2c – Business and organisational structure

State five factors that business organizations consider when setting prices for their products to remain competitive and attractive to customers.

You're reporting an error for "BMIS – Nov 2023 – L1 – Q2c – Business and organisational structure"

QTB – May 2017 – L1 – SA – Q20 – Operations Research

This question calculates the holding cost of a unit item based on EOQ and given parameters.

You're reporting an error for "QTB – May 2017 – L1 – SA – Q20 – Operations Research"

SCS – Aug 2022 – L3 – Q4 – Competitive Advantage

Explains the five primary activities of Porter's value chain and their relevance to Bazar's business processes.

You're reporting an error for "SCS – Aug 2022 – L3 – Q4 – Competitive Advantage"

BMF – May 2021 – L1 – SA – Q7 – Basic Management Functions

Identifies which activity does not belong to the manufacturing function in an organization.

You're reporting an error for "BMF – May 2021 – L1 – SA – Q7 – Basic Management Functions"

BL – May 2023 – L1 – SA – Q15 – Company Law

Identify the effect of a receivership order on company operations.

You're reporting an error for "BL – May 2023 – L1 – SA – Q15 – Company Law"

MI – May 2023 – L1 – SB – Q4a – Information Systems

This question asks for two purposes of information management in an organization.

You're reporting an error for "MI – May 2023 – L1 – SB – Q4a – Information Systems"

MI – May 2017 – L1 – SA – Q19 – Information Systems

Identify the system best suited for high volume transactions.

You're reporting an error for "MI – May 2017 – L1 – SA – Q19 – Information Systems"

MI – May 2017 – L1 – SA – Q12 – Budgeting

Identify the component that is not part of working capital.

You're reporting an error for "MI – May 2017 – L1 – SA – Q12 – Budgeting"

AT – May 2020 – L3 – Q1 – International taxation

Explanation of the concept of permanent establishment in Ghana and the differences between economic and juridical double taxation.

You're reporting an error for "AT – May 2020 – L3 – Q1 – International taxation"

AT – Nov 2016 – L3 – Q4a – Tax administration in Ghana

Discuss the tax benefits that Pearl House Ltd stands to gain by operating in a Free Zone.

You're reporting an error for "AT – Nov 2016 – L3 – Q4a – Tax administration in Ghana"

BMIS – Nov 2023 – L1 – Q2c – Business and organisational structure

State five factors that business organizations consider when setting prices for their products to remain competitive and attractive to customers.

You're reporting an error for "BMIS – Nov 2023 – L1 – Q2c – Business and organisational structure"

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