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
100 Marks
Calculator NOT allowed
IB BUSINESS MANAGEMENT HL, Paper 1, November, 2009, TZ0, Solved Past Paper
Master the 2009 IB November for Paper 1 Business Management HL with examiner tailored solutions and comments for TZ0
Question 1 [Explained]
In this question, we are asked to identify two fixed costs and two variable costs for Les Maisonnettes. Fixed costs are expenses that do not change with the level of goods or services produced, while variable costs fluctuate with the production volume. Understanding these costs is crucial for managing the financial health of a business.
Question 1 [a] [Explanation]
This question asks you to identify two fixed costs and two variable costs for Les Maisonnettes. Fixed costs remain constant regardless of the level of production, while variable costs change with the level of output.
Question 1 [b] [Explanation]
This question requires you to calculate the current ratio and the acid test ratio of Les Maisonnettes for the financial years 2005 and 2008 using data from Appendix 4. These ratios are important indicators of a company's liquidity and ability to meet short-term obligations.
Question 1 [c] [Explanation]
This question asks you to analyze the reasons for the changes in the liquidity position of Les Maisonnettes, referencing the figures calculated in part (b). Understanding these changes is crucial for assessing the financial health and management practices of the business.
Question 2 [Explained]
This question revolves around the leadership style and non-financial incentives considered by Sophie, the owner of Les Maisonnettes, a small eco-tourism business. The questions aim to explore the different aspects of her leadership style and how it may need to evolve as the business grows.
Question 2 [a] [Explanation]
This question asks you to describe two non-financial incentives that Sophie is considering offering to her employees. Non-financial incentives are benefits provided to employees that do not involve direct monetary compensation. These incentives can include various forms of support, opportunities, and benefits that enhance the overall work experience and satisfaction of employees.
Question 2 [b] [Explanation]
This question asks you to explain two features of a paternalistic leadership style in the context of Sophie and her business. A paternalistic leadership style is characterized by a fatherly approach to managing employees, where the leader takes a personal interest in the well-being of their staff and expects loyalty and respect in return. This style often involves close supervision and a strong emphasis on maintaining a family-like atmosphere within the organization.
Question 2 [c] [Explanation]
This question asks you to analyze how Sophie's leadership style may need to change as Les Maisonnettes grows over time. As businesses expand, their organizational structure and leadership requirements often evolve, necessitating changes in leadership style to effectively manage the increased complexity and scale of operations.