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.
01 Hours 15 Minutes
50 Marks
Calculator is allowed
IB BUSINESS MANAGEMENT SL, Paper 1, May, 2012, TZ0, Solved Past Paper
Master the 2012 IB May for Paper 1 Business Management SL with examiner tailored solutions and comments for TZ0
Question 1 [Explained]
This question is divided into three parts, each focusing on different aspects of business management and finance. The first part asks about the characteristics of an autocratic leadership style, the second part explores the advantages and disadvantages of a tall organizational structure, and the third part analyzes the appropriateness of a bank loan as a source of finance for a specific business scenario.
Question 1 [a] [Explanation]
This question asks you to identify four key features of an autocratic leadership style. Autocratic leadership is characterized by a leader who makes decisions unilaterally, without much input from subordinates. The leader maintains strict control over all aspects of the organization and expects employees to follow orders without question.
Question 1 [b] [Explanation]
This question asks you to explain one advantage and one disadvantage of a tall organizational structure. A tall organizational structure is characterized by a large number of hierarchical levels, with a clear chain of command and specialized roles and departments.
Question 1 [c] [Explanation]
This question asks you to analyze the appropriateness of a bank loan as a source of finance for Kos Palouk's new lorry. Analyzing the appropriateness involves considering both the advantages and disadvantages of using a bank loan in this specific context.
Question 2 [Explained]
This question explores various aspects of Kos Palouk's business operations in Loyka's economy, which is primarily in the primary sector. The questions range from describing the nature of the primary sector to calculating and interpreting financial ratios for Kos Palouk's current and forecast operations.
Question 2 [a] [Explanation]
This question asks you to briefly describe the nature of business activity in the primary sector of an economy, specifically in Loyka.
Question 2 [b] [Explanation]
This question asks you to outline one 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 information from Appendix 5a.