Series: MAR 2024

Search 500 + past questions and counting.

SCS – MAR 2024 – L3 – Q6c – Strategy, stakeholders, and mission

Describe and explain the four broad roles of NEDs identified in the Higgs Guidance (2003).

Question

Prestige’s Board acknowledges that by adopting and implementing the highest standards of
corporate governance, this sets the standards and values for the entire Company. The
Company seeks to comply with best practice in all areas of corporate governance and
continues to review the Company’s procedures to maintain proper control and
accountability.
Required

There are nine members on Prestige’s Board of Directors. They include the Chairman, Chief Executive, three executive directors, and four non-executive directors (NEDs). Describe and explain four broad roles for NEDs identified in the document published in the UK in 2003, known as the Higgs Guidance.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Accountability, board roles, Corporate Governance, Non-Executive Directors
Level: Level 3

Topic: Strategy, stakeholders, and mission
Series: MAR 2024

SCS – MAR 2024 – L3 – Q6b – Strategy, stakeholders, and mission

Explain how Principles V and VI of the OECD Principles of Corporate Governance could be applied at Prestige.

Question

Describe and explain how Principles V and VI of the OECD Principles of Corporate Governance – 2015 Edition, could be applied at Prestige to ensure good corporate governance practices.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Accountability, Corporate Governance, OECD principles, Transparency
Level: Level 3

Topic: Strategy, stakeholders, and mission
Series: MAR 2024

SCS – MAR 2024 – L3 – Q6a – Strategy, stakeholders, and mission

Describe and explain 5 key issues in corporate governance for Prestige.

Question

Prestige’s Board acknowledges that by adopting and implementing the highest standards of corporate governance, this sets the standards and values for the entire Company. The Company seeks to comply with best practices in all areas of corporate governance and continues to review its procedures to maintain proper control and accountability.

Required:
Describe and explain five key issues in corporate governance that would establish how well or badly Prestige is governed.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Accountability, Board Structure, Corporate Governance, Transparency
Level: Level 3

Topic: Strategy, stakeholders, and mission
Series: MAR 2024

SCS – MAR 2024 – L3 – Q5c – International financial management

Evaluate the factors restricting foreign investment despite potential good returns.

Question

With reference to Option Three, evaluate the factors that restrict foreign investment despite the perceived potential for good returns.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Barriers, Foreign Investment, international markets, Risk Assessment
Level: Level 3

Topic: International financial management
Series: MAR 2024

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 – 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 – 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 – 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

BCL – Mar 2024 – L1 – Q1d – Governance and Ethical Issues Relating to Business, Company Directors and Other Officers

Discuss the concept of Good Corporate Governance and identify principles breached in the provided scenario.

Question

The Managing Director of Dakubo Ltd, a company which engages in the business of iron rods production, on his own, contracted a loan of GH¢1,000,000 from Dilidom Bank. The loan is repayable in twelve months’ time. The Managing Director disclosed the contents of the agreement to his wife who is neither a Director nor a member of the company. In further disregard for the regulations of the company, the Managing Director squandered the loan contracted from the bank.

Required:

i) Explain the concept of Good Corporate Governance.

(5 marks)

ii) From the scenario above, state FIVE (5) principles of Good Corporate Governance that may have been breached by the Managing Director of Dakubo Ltd. (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Company Law, Corporate Governance, Directors' Duties, Ethics, Principles of Governance
Level: Level 1

Topic: Company directors and other officers, Governance and Ethical Issues Relating to Business
Series: MAR 2024

BCL – Mar 2024 – L1 – Q1c – Human Rights, Hierarchical Structure of Courts

Evaluate the jurisdiction of courts in Ghana regarding fundamental human rights under the 1992 Constitution.

Question

“All the Courts in Ghana have jurisdiction in matters relating to the fundamental Human Rights of every citizen.”

Required:

Explain if the above is a true or false statement in terms of the provisions of the 1992 Constitution of the Republic of Ghana? (2 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Constitution, Fundamental Human Rights, Ghana Judiciary, High Court, Jurisdiction
Level: Level 1

Topic: Hierarchical Structure of Courts
Series: MAR 2024

BCL – Mar 2024 – L1 – Q1b – Hierarchical Structure of Courts

Identify the courts in Ghana that have appellate jurisdiction.

Question

State the courts in Ghana that have appellate jurisdiction.

(3 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Appellate Jurisdiction, Constitution, Courts, Ghana, Judiciary
Level: Level 1

Topic: Hierarchical Structure of Courts
Series: MAR 2024

BCL – Mar 2024 – L1 – Q1a – Tort, Human Rights, Hierarchical Structure of Courts

Evaluate the likelihood of Agro Club succeeding in their court action against the school authorities for trespassing.

Question

Ten members of a club (Agro Club) trespassed on a piece of land belonging to a public school. The club erected a wooden structure on the land in which they were residing. When the school authorities noticed their presence, they were then asked to vacate the land, but they defied the warning. The school authorities served written notice on them to remove the structure they have erected on the land, and vacate same within five days or risked their structure being demolished. The club decided to take legal action against the school authorities in the Supreme Court.

Required:
Explain whether Agro Club will succeed in their court action. (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Constitution, High Court, Human Rights, Jurisdiction, Supreme Court, Trespass
Level: Level 1

Topic: Hierarchical Structure of Courts, Human Rights, Tort
Series: MAR 2024

BMIS – March 2024 – L1 – Q5b – Competitive forces and markets

Explain the components of Porter's Five Force Model used to analyze competitive environment and its impact on a company's profitability and strategy.

Question

The Porter’s Five Force Model is regarded as a tool for driving industry competition. The model is used to analyse the competitive environment in terms of five key forces that impact a company’s profitability and influence its strategy.

Required: Explain the components of the Model. (10 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Competitive analysis, Industry competition, Market dynamics, Porter’s Five Forces, Strategic Management
Level: Level 1

Topic: Competitive forces and markets
Series: MAR 2024

BMIS – March 2024 – L1 – Q5a – Introduction to information technology and information systems

Explain five measures to ensure the reliability of a new information system being developed by Marine Trust Company for improved performance.

Question

The management of Marine Trust Company is developing a new information system to facilitate excellent performance and effective customer service.

Required: Explain FIVE (5) measures to ensure the reliability of the new system. (10 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Data security, Information Systems, IT infrastructure, Network management, System reliability
Level: Level 1

Topic: Introduction to information technology and information systems
Series: MAR 2024

BMIS – March 2024 – L1 – Q4b – Operations strategy

Explain Total Quality Management (TQM) and outline four conditions for its successful implementation in organizations facing employee resistance.

Question

Both manufacturing and service organisations are making increasing use of Total Quality Management (TQM) in their attempt to achieve operational efficiency. However, its implementation has been met with some form of resistance from employees who do not seem to fully appreciate the concept.

Required: i) Explain Total Quality Management (TQM). (2 marks) ii) Outline FOUR (4) conditions which must prevail for the successful implementation of the Total Quality Management (TQM) concept. (8 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Employee Resistance, Operational Efficiency, Quality improvement, Total Quality Management, TQM
Level: Level 1

Topic: Operations strategy
Series: MAR 2024

BMIS – March 2024 – L1 – Q4a – Operations strategy

Explain five remedies to solve the fundamental problem of poor customer service in organizations implementing promotional campaigns.

Question

Most organisations implement promotional campaigns with the objective of attracting new customers and retaining existing ones. The sad news is that their objectives are never realised because they fail to solve the fundamental problem of poor customer services.

Required: Explain FIVE (5) remedies which can be used to solve this fundamental problem.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Customer Satisfaction, Customer service, Employee training, Feedback management, Service improvement
Level: Level 1

Topic: Operations strategy
Series: MAR 2024

BMIS – March 2024 – L1 – Q3b – Management and leadership

Describe five effective leadership practices that can improve organizational performance in African businesses facing below-average results.

Question

Some organisations in Africa are experiencing below average performance as a result of poor leadership practices. Business strategists have the opinion that this below average performance can only be rectified if effective leadership practices are developed and implemented.

Required: Describe FIVE (5) of these practices. (10 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Employee Relations, Leadership, Management practices, Organizational Performance, Transparency
Level: Level 1

Topic: Management and leadership
Series: MAR 2024

BMIS – March 2024 – L1 – Q3a – Teams

Explain the concept of informal groups in organizations and describe four features of these groups.

Question

Although informal groups are not deliberately created by the management of organisations, they nevertheless exist and sometimes play positive roles in the achievement of set objectives.

Required: i) Explain an informal group. (2 marks) ii) Explain FOUR (4) features of an informal group. (8 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Group Dynamics, Informal groups, Organizational Behavior, Social networks, Workplace relationships
Level: Level 1

Topic: Teams
Series: MAR 2024

Series: MAR 2024

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

SCS – MAR 2024 – L3 – Q6c – Strategy, stakeholders, and mission

Describe and explain the four broad roles of NEDs identified in the Higgs Guidance (2003).

You're reporting an error for "SCS – MAR 2024 – L3 – Q6c – Strategy, stakeholders, and mission"

SCS – MAR 2024 – L3 – Q6b – Strategy, stakeholders, and mission

Explain how Principles V and VI of the OECD Principles of Corporate Governance could be applied at Prestige.

You're reporting an error for "SCS – MAR 2024 – L3 – Q6b – Strategy, stakeholders, and mission"

SCS – MAR 2024 – L3 – Q6a – Strategy, stakeholders, and mission

Describe and explain 5 key issues in corporate governance for Prestige.

You're reporting an error for "SCS – MAR 2024 – L3 – Q6a – Strategy, stakeholders, and mission"

SCS – MAR 2024 – L3 – Q5c – International financial management

Evaluate the factors restricting foreign investment despite potential good returns.

You're reporting an error for "SCS – MAR 2024 – L3 – Q5c – International financial management"

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 – 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 – 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 – 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"

BCL – Mar 2024 – L1 – Q1d – Governance and Ethical Issues Relating to Business, Company Directors and Other Officers

Discuss the concept of Good Corporate Governance and identify principles breached in the provided scenario.

You're reporting an error for "BCL – Mar 2024 – L1 – Q1d – Governance and Ethical Issues Relating to Business, Company Directors and Other Officers"

BCL – Mar 2024 – L1 – Q1c – Human Rights, Hierarchical Structure of Courts

Evaluate the jurisdiction of courts in Ghana regarding fundamental human rights under the 1992 Constitution.

You're reporting an error for "BCL – Mar 2024 – L1 – Q1c – Human Rights, Hierarchical Structure of Courts"

BCL – Mar 2024 – L1 – Q1b – Hierarchical Structure of Courts

Identify the courts in Ghana that have appellate jurisdiction.

You're reporting an error for "BCL – Mar 2024 – L1 – Q1b – Hierarchical Structure of Courts"

BCL – Mar 2024 – L1 – Q1a – Tort, Human Rights, Hierarchical Structure of Courts

Evaluate the likelihood of Agro Club succeeding in their court action against the school authorities for trespassing.

You're reporting an error for "BCL – Mar 2024 – L1 – Q1a – Tort, Human Rights, Hierarchical Structure of Courts"

BMIS – March 2024 – L1 – Q5b – Competitive forces and markets

Explain the components of Porter's Five Force Model used to analyze competitive environment and its impact on a company's profitability and strategy.

You're reporting an error for "BMIS – March 2024 – L1 – Q5b – Competitive forces and markets"

BMIS – March 2024 – L1 – Q5a – Introduction to information technology and information systems

Explain five measures to ensure the reliability of a new information system being developed by Marine Trust Company for improved performance.

You're reporting an error for "BMIS – March 2024 – L1 – Q5a – Introduction to information technology and information systems"

BMIS – March 2024 – L1 – Q4b – Operations strategy

Explain Total Quality Management (TQM) and outline four conditions for its successful implementation in organizations facing employee resistance.

You're reporting an error for "BMIS – March 2024 – L1 – Q4b – Operations strategy"

BMIS – March 2024 – L1 – Q4a – Operations strategy

Explain five remedies to solve the fundamental problem of poor customer service in organizations implementing promotional campaigns.

You're reporting an error for "BMIS – March 2024 – L1 – Q4a – Operations strategy"

BMIS – March 2024 – L1 – Q3b – Management and leadership

Describe five effective leadership practices that can improve organizational performance in African businesses facing below-average results.

You're reporting an error for "BMIS – March 2024 – L1 – Q3b – Management and leadership"

BMIS – March 2024 – L1 – Q3a – Teams

Explain the concept of informal groups in organizations and describe four features of these groups.

You're reporting an error for "BMIS – March 2024 – L1 – Q3a – Teams"

Our offerings

Contact Info

Customer

Get In Touch

admin