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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.

01 Hours 30 Minutes

100 Marks

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IB BUSINESS MANAGEMENT SL, Paper 1, November, 2008, TZ0, Solved Past Paper

Master the 2008 IB November for Paper 1 Business Management SL with examiner tailored solutions and comments for TZ0

Question 1 [Explained]

Question 1 [a] [Explanation]

Question 1 [a] [i] [Explanation]

This question asks you to define the term gearing.

Question 1 [a] [ii] [Explanation]

This question asks you to explain two reasons why Organix produces accounts.

Question 1 [b] [Explanation]

This question asks you to discuss the financial and non-financial implications for Organix of borrowing $$ 500, 000$ to finance the restaurant and the farm shop. Your answer should consider the implications for the balance sheet, profit and loss account, and gearing.

Question 2 [Explained]

This question revolves around the concept of social responsibility and its implications for organizations like Organix. Social responsibility refers to the ethical framework that suggests that entities, be they individuals or organizations, have an obligation to act for the benefit of society at large. The parts of this question will explore the definition of social responsibility, the objectives of socially responsible organizations, and the advantages and disadvantages of committing to social responsibility.

Question 2 [a] [Explanation]

This question asks you to define the term 'social responsibility' as mentioned in the provided text.

Question 2 [b] [Explanation]

This question asks you to describe two objectives of socially responsible organizations like Organix.

Question 2 [c] [Explanation]

This question asks you to examine one advantage and one disadvantage to Organix of making a full commitment to operating as a socially responsible organization.

Question 3 [Explained]

This question focuses on the concept of stakeholders in a business context. Stakeholders are individuals or groups who have an interest in the activities and decisions of an organization. The question is divided into three parts: defining the term stakeholder, identifying internal and external stakeholders of a specific company, Organix, and explaining the implications for two stakeholder groups if the government changes organic standards.

Question 3 [a] [Explanation]

This part of the question is divided into two subparts. The first subpart asks for a definition of the term stakeholder, while the second subpart requires the identification of internal and external stakeholder groups specific to Organix.

Question 3 [a] [i] [Explanation]

This subpart asks for a definition of the term stakeholder. A stakeholder is any individual or group that has an interest in the activities and decisions of an organization. Stakeholders can be internal, such as employees and managers, or external, such as customers and suppliers.