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, 2012, TZ0, Solved Past Paper
Master the 2012 IB May for Paper 1 Business Management HL with examiner tailored solutions and comments for TZ0
Question 1 [Explained]
This question focuses on three different aspects of business management: the characteristics of an autocratic leadership style, the advantages and disadvantages of a tall organizational structure, and the appropriateness of a bank loan as a source of finance for purchasing a new lorry. Each part of the question requires a detailed understanding of business concepts and their practical applications.
Question 1 [a] [Explanation]
This part of the question asks you to identify four key features of an autocratic leadership style. An autocratic leader typically centralizes power and decision-making, often without consulting employees or delegating responsibilities.
Question 1 [b] [Explanation]
This part of the question asks you to explain one advantage and one disadvantage of a tall organizational structure. A tall organizational structure is characterized by many levels of hierarchy and a narrow span of control.
Question 1 [c] [Explanation]
This part of the question asks you to analyze the appropriateness of a bank loan as a source of finance for purchasing a new lorry. Analyzing this involves considering both the benefits and potential drawbacks of using a bank loan for this purpose.
Question 2 [Explained]
This question is about understanding the primary sector of an economy and analyzing the financial performance of Kos Palouk's business operations.
Question 2 [a] [Explanation]
The primary sector of an economy involves activities that directly utilize natural resources. This includes agriculture, fishing, forestry, and mining. These activities convert natural resources into primary products that can be used for further processing or consumption.
Question 2 [b] [Explanation]
This question asks for a reason why Kos Palouk does not need to do any additional marketing at the UWP Mission.
Question 2 [c] [i] [Explanation]
This question asks you to calculate the net profit margin and the gross profit margin for Kos Palouk from his current operation (Option 1) using the information from Appendix 5a.