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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 15 Minutes

50 Marks

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

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

Question 1 [Explained]

This question involves defining specific economic and financial terms, explaining the implications of performance-related pay, and analyzing the strategic alliance between two companies. The goal is to assess your understanding of these concepts and your ability to apply them in a business context.

Question 1 [a] [Explanation]

This part of the question asks you to define two terms: the primary sector and dividends. These definitions should be clear and demonstrate a thorough understanding of the concepts.

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 key business terms, explaining the importance of financial statements, and analyzing the impact of opportunities and threats on a business. It requires a comprehensive understanding of business concepts and their application in real-world scenarios.

Question 2 [a] [Explanation]

This part of the question asks you to define specific business terms related to employee management.

Question 2 [a] [i] [Explanation]

Define the term appraisal as mentioned in line 102.

Question 2 [a] [ii] [Explanation]

Define the term dismissal as mentioned in line 113.