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
100 Marks
Calculator NOT allowed
IB BUSINESS MANAGEMENT SL, Paper 1, May, 2011, TZ0, Solved Past Paper
Master the 2011 IB May for Paper 1 Business Management SL with examiner tailored solutions and comments for TZ0
Question 1 [Explained]
This question is designed to assess your understanding of external stakeholders, organizational structure, and the implications of business decisions. You will need to identify and explain the interests of external stakeholders, construct an organizational chart, and analyze the pros and cons of a sponsorship offer.
Question 1 [a] [Explanation]
This part of the question focuses on identifying and outlining the interests of external stakeholders of Reach Out, an organization that supports children with autism.
Question 1 [a] [i] [Explanation]
In this subpart, you need to identify two external stakeholders of Reach Out. External stakeholders are individuals or groups outside the organization who have an interest in its activities and outcomes.
Question 1 [a] [ii] [Explanation]
In this subpart, you need to outline a possible interest of one of the external stakeholders identified in part (i). An outline should provide a brief but clear explanation of the stakeholder's interest.
Question 1 [b] [Explanation]
This part of the question requires you to construct a fully labelled organizational chart of Reach Out after the appointment of Andrew Grandin. An organizational chart visually represents the structure of an organization, showing the relationships between different roles and departments.
Question 1 [c] [Explanation]
This part of the question requires you to analyze the advantages and disadvantages for Reach Out of accepting the sponsorship offer from N-Pharma (Option 3). Analysis involves examining the potential benefits and drawbacks of the sponsorship offer in detail.
Question 2 [Explained]
This question revolves around the business plan prepared by Neil Johnson for Reach Out. It covers various aspects such as identifying elements of a business plan, distinguishing between a vision statement and a mission statement, and analyzing the role of information and communication technology (ICT) in the creation and operations of Reach Out.
Question 2 [a] [Explanation]
This question asks you to identify four elements of a business plan. A business plan is a comprehensive document that outlines the objectives, strategies, and financial forecasts of a business. It serves as a roadmap for the business and is essential for securing funding and guiding the business towards its goals.
Question 2 [b] [Explanation]
This question requires you to distinguish between a vision statement and a mission statement with reference to Reach Out. A vision statement outlines the long-term aspirations and goals of an organization, while a mission statement describes the organization's purpose and primary objectives.