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, November, 2009, TZ0, Solved Past Paper
Master the 2009 IB November for Paper 1 Business Management SL with examiner tailored solutions and comments for TZ0
Question 1 [Explained]
This question involves analyzing the financial aspects of Les Maisonnettes, a business case study. The question is divided into three parts: identifying fixed and variable costs, calculating liquidity ratios, and analyzing changes in liquidity over time.
Question 1 [a] [Explanation]
This part of the question asks you to identify two fixed costs and two variable costs for Les Maisonnettes. Fixed costs are expenses that do not change with the level of production or sales, while variable costs fluctuate with the level of output.
Question 1 [b] [Explanation]
This part of the 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 key indicators of a company's liquidity position.
Question 1 [c] [Explanation]
This part of the question asks you to analyze the reasons for the changes in the liquidity position of Les Maisonnettes, referencing the figures calculated in part (b). This involves understanding the financial context and the impact of specific events on the company's liquidity.
Question 2 [Explained]
This question focuses on the leadership style and non-financial incentives considered by Sophie in her business, Les Maisonnettes. The question is divided into three parts, each examining different aspects of her leadership and the potential changes as the business grows.
Question 2 [a] [Explanation]
This part of the question asks you to describe two non-financial incentives that Sophie is considering for 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, experiences, or opportunities that enhance the overall job satisfaction and well-being of employees.
Question 2 [b] [Explanation]
This part of the question asks you to explain two features of a paternalistic leadership style with reference to Sophie. A paternalistic leadership style is one where the leader acts in a fatherly or parental manner towards their employees. This style often involves close supervision and a strong emphasis on the well-being of employees, much like a father would care for his children. It can be authoritarian in nature, with rewards for those who accept the leader's style and potential consequences for those who do not.