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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.

02 Hours 15 Minutes

80 Marks

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IB BUSINESS MANAGEMENT HL, Paper 1, May, 2014, TZ0, Solved Past Paper

Master the 2014 IB May for Paper 1 Business Management HL with examiner tailored solutions and comments for TZ0

Question 1 [Explained]

This question involves defining key economic and business terms and analyzing their implications in a given context. It also requires evaluating the potential advantages and disadvantages of specific business strategies.

Question 1 [a] [Explanation]

In this part, you are asked to define specific terms related to economics and business. The definitions should be clear and concise, demonstrating an understanding of the terms.

Question 1 [a] [i] [Explanation]

Define the term primary sector.

Question 1 [a] [ii] [Explanation]

Define the term dividends.

Question 1 [b] [Explanation]

Explain one advantage and one disadvantage for Martin Kimathi of receiving 'a salary based on performance-related pay'.

Question 1 [c] [Explanation]

Analyse the advantages and disadvantages for The Imperial of the strategic alliance with KenSafar (Option 3).

Question 2 [Explained]

This question involves defining specific business terms and explaining the importance of financial accounts for a company. Additionally, it requires an analysis of the potential impact of an opportunity and a threat on a business.

Question 2 [a] [Explanation]

This part of the question asks you to define two business terms: appraisal and dismissal.

Question 2 [a] [i] [Explanation]

Define the term appraisal as used in the context of business management.

Question 2 [a] [ii] [Explanation]

Define the term dismissal as used in the context of business management.