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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

 

80 Marks

 

Calculator is allowed

IB BUSINESS MANAGEMENT HL, Paper 1, May, 2015, TZ0, Solved Past Paper

Master the 2015 IB May for Paper 1 Business Management HL with examiner tailored solutions and comments for TZ0

Question 1 [Explained]

This question involves understanding key business concepts and applying them to specific scenarios. The questions range from defining terms to analyzing motivational theories in a business context. Each part of the question requires a detailed understanding and clear articulation of the concepts involved.

Question 1 [a] [Explanation]

This part of the question is divided into two subparts. The first subpart asks for a definition of a business term, while the second subpart requires identifying specific benefits that an employee might receive.

Question 1 [a] [i] [Explanation]

In this subpart, you are asked to define the term 'mission statement'. A mission statement is a concise explanation of a company's core purpose and focus that remains unchanged over time. It serves to communicate the organization's purpose and direction to its employees, customers, and stakeholders.

Question 1 [a] [ii] [Explanation]

This subpart requires identifying two fringe payments that Mrs. Carroccio may have received from the school, other than health insurance. Fringe payments are additional benefits provided to employees, which can include various non-cash perks.

Question 1 [b] [Explanation]

This part of the question asks for an explanation of one advantage and one disadvantage of Mr. Carroccio operating as a sole trader, excluding financial security. A sole trader is a business owned and operated by one person, which has its own set of benefits and drawbacks.

Question 1 [c] [Explanation]

This part of the question requires an analysis of the relevance of Maslow's motivation theory to Alejandra. Maslow's theory is a psychological framework that categorizes human needs into a hierarchy, from basic physiological needs to self-actualization.

Figure 1: [Source: Clark, P. et al., 2009, Business and Management Course Companion, page 125, Glasgow, U.K. Oxford University Press]

Question 2 [Explained]

This question involves defining key business terms, explaining the effects of organizational changes, and analyzing market research methods. Each part of the question requires a detailed understanding of business concepts and their application in real-world scenarios.

Question 2 [a] [Explanation]

This part of the question asks you to define two specific business terms: quality control and workforce planning. These definitions should be clear and concise, demonstrating a thorough understanding of each concept.

Question 2 [a] [i] [Explanation]

Define the term quality control as mentioned in line 115.