These are explanations and solutions for IB past papers, not the official version. For official papers, you can go to IB Follet or access them through your school.
These are explanations and solutions for IB past papers, not the official version. For official papers, you can go to IB Follet or access them through your school.
These are explanations and solutions for IB past papers, not the official version. For official papers, you can go to IB Follet or access them through your school.
These are explanations and solutions for IB past papers, not the official version. For official papers, you can go to IB Follet or access them through your school.
02 Hours 15 Minutes
60 Marks
Calculator is allowed
IB BUSINESS MANAGEMENT HL, Paper 1, May, 2018, TZ0, Solved Past Paper
Master the 2018 IB May for Paper 1 Business Management HL with examiner tailored solutions and comments for TZ0
Question 1 [Explained]
This section requires you to answer two questions. Each question focuses on different aspects of business management and leadership, providing an opportunity to demonstrate your understanding of these concepts.
Question 1 [a] [Explanation]
This question asks you to describe two advantages for Su of using a cash-flow forecast, specifically with reference to Table 2. A cash-flow forecast is a financial tool that estimates the flow of cash in and out of a business over a specific period. It helps businesses plan for future financial needs and manage liquidity.
Question 1 [b] [Explanation]
This question requires you to explain the differences between leadership and management, with reference to Su and her managers at HH and AS. Leadership and management are distinct but complementary roles within an organization. Leadership involves inspiring and guiding others towards a vision, while management focuses on organizing and coordinating resources to achieve specific goals.
Question 2 [Explained]
This question involves understanding the concept of for-profit microfinance providers and the factors that influence the decision-making process for selecting a production facility location. The question is divided into two parts: one focusing on the features of for-profit microfinance providers and the other on the factors influencing the choice of location for a production facility.
Question 2 [a] [Explanation]
This part of the question asks you to describe two features of for-profit microfinance providers, specifically referencing AK Bank. Microfinance providers are financial institutions that offer small loans and other financial services to individuals who do not have access to traditional banking services. For-profit microfinance providers aim to generate profit while serving their clients.
Question 2 [b] [Explanation]
This part of the question asks you to explain the factors that Su may consider when deciding between two possible locations for a production facility. The decision involves weighing various economic, social, and logistical factors to determine the most suitable location for the facility.
Question 3 [Explained]
This question is divided into two parts. The first part asks about the advantages of using cellular manufacturing for a company named AS in the production of its solar power systems. The second part asks about the advantages for Su of forming AS as a private limited company.
Question 3 [a] [Explanation]
This question asks you to describe two advantages for AS of using cellular manufacturing in the production of its solar power systems.