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Additional exam questions (Paper 1)

Additional exam/revision questions for Paper 1

I am extremely grateful to Gema Quintanilla who has produced this comprehensive list of revision questions to help prepare students for the final examination on 28th April 2022. There are questions for all five topics from the syllabus, with mark allocations and HL only questions clearly indicated.

Gema works at ACS International School Egham, in the UK.

Many thanks, Gema!

All the very best to your students for the upcoming Paper 1 examination!

Unit 1 - Business organization and environment

Questions

SL/HL

Marks

Section 1.1: Introduction to Business Management

Define the term “business” (line 12).

2

Define the term “business plan” (line 47)

2

Describe the nature of business activity in the sector in which PU operates.

2

Identify two factors of production (line 125)

2

Explain the role of business such as PU in combining resources to create goods and services (line 120).

4

Explain two elements of a “business plan”, in the context of PU

4

Explain two advantages of creating a business plan for PU

4

Explain the importance of Marketing as a business function at PU.

4

Explain the importance of Human Resources as a business function at PU.

4

Section 1.2: Types of organizations

Define the term not for profit organization

2

Distinguish between for profit organizations and not for profit organizations

4

PU gets funding from business operating in the private sector and public sector. Distinguish between the private sector and the public sector.

4

Section 1.3: Organizational Objectives

Define the term mission statement (line 102)

2

Define the term ethics (line 101).

2

Define the term ethical objectives (line 101).

2

Define the term Corporate Social Responsibility (line 119)

2

Explain the need for PU to change its objectives in response to changes in the external environment.

4

Compare and contrast the objectives of non-profit organizations such as PU and the objectives of for-profit organizations

4

Prepare a SWOT analysis for PU.

6

Using a SWOT framework, examine the strengths and weaknesses of PU.

6

Explain two advantages of setting ethical objectives.

4

Using the Ansoff Matrix, examine the proposal to open a campus in Country B.

6

Discuss the reasons why organizations like PU set ethical objectives.

6

Explain the importance of Corporate Social Responsibility for PU

6

Section 1.4: Stakeholders

Define the term employees (line 13).

2

Define the term government (line 13).

2

Define the term community (line 13).

2

Identify two internal stakeholders of PU.

2

 

Identify two external stakeholders of PU.

2

In the context of PU, distinguish between internal stakeholders and external stakeholders.

4

Explain the interests of two of PU’s internal stakeholders.

4

Explain the interests of two of PU’s external stakeholders.

4

In the context of PU, examine possible areas of conflict between the various

stakeholders. (Make sure you identify the conflict between two stakeholders – individuals or groups. Then, explain the conflict and apply it to PU.)

6

In the context of PU, examine possible areas of mutual benefit between

stakeholders. (Make sure you identify the benefits between two stakeholders – individuals or groups. Then, explain the benefits and apply it to PU.)

6

Section 1.5: External environment

Define the term external environment (line 15)

Define the term economic recession (line 17)

Describe two STEEPLE factors that have impacted PU.

4

Examine how changes in the external environment create both opportunities and threats for PU.

6

Prepare a STEEPLE analysis for PU using four factors.

6

Explain the opportunities and threats PU could face when opening a

campus in country B (line 139). (More data about country B will have to be provided)

6

Section 1.6: Growth and Evolution

Define the term growth (line 135)

2

Define the term multinational (line 108).

2

Describe two types of economies of scale that PU could achieve through growth.

4

With reference to PU distinguish between internal and external growth.

4

Explain one advantage and one disadvantage of internal growth for PU

4

Explain two advantages of internal growth for PU.

4

Explain two advantages of external growth for MM.

4

Discuss the use of (JV, Acquisitions, Mergers,……… as a method of external growth for PU

Section 1.7: Organizational Planning Tools

Explain how Lewin’s force field analysis can help PU to decide whether to open a campus in Country B.

HL only

4

Draw a fishbone diagram to identify the causes of employee low morale in the Faculty of History.

HL only

4

Using a force field analysis evaluate the decision of refurbishing the

teaching facilities that were damaged by the accident.

HL only

10

Using a decision tree evaluate the possible growth strategies. (More quantitative data needed)

HL only

10

Unit 2 - Human Resource Management

Questions

SL/HL

Marks

Section 2.1: Functions and Evolution of HRM

Define the term redundancy (line 37).

2

Define the term training (line 79, 141)

2

Define the term part-time employment (line 59).

2

Define staff turnover (line 87)

2

Define resignation (line 87)

2

Define job vacancies (line 88)

2

Outline two external factors that may influence human resource planning at PU.

4

Explain two types of training PU could have used when increasing their IT training for lecturers

4

Explain one advantage and one disadvantage of training employees at PU.

4

Distinguish between dismissals and redundancies

4

Outline the common steps in the process of recruiting employees at PU.

4

State two common steps of the dismissal process that PU should have followed when dismissing Patricia Hughes.

4

Explain one advantage and one disadvantage of having high staff turnover in the Faculty of History.

4

Section 2.2: Organizational structure

Explain how Handy’s “Shamrock organization” could be applied to PU.

6

In the context of PU, explain the importance of core employees to the organization.

4

In the context of PU, explain the importance of outsourced employees to the organization.

4

Examine how cultural differences may impact on communication at PU.

6

Discuss how cultural differences and innovation in communication technologies may impact on communication at PU.

10

Section 2.3: Leadership and Management

In the context of PU, distinguish between leadership and management

Describe one advantage and one disadvantage of Jim´s leadership style.

4

Section 2.4: Motivation

Explain how non-financial rewards can affect job satisfaction and productivity of PU’s employees.

4

Using “one motivation theory” examine the factors that affect the level of employee’s motivation in the Faculty of History.

6

Using “one motivation theory” analyze the motivation of PU employees

6

Section 2.5: Organizational culture (HL only)

In the context of PU, describe the meaning of organizational culture.

HL only

2

Explain the culture within the Faculty of History at PU.

HL only

4

 

Section 2.6: Employer and employee relations (HL only)

Outline two possible sources of conflict in the workplace at PU.

HL only

4

Explain two methods of conflict resolution at PU

HL only

4

Evaluate approaches to conflict resolution that could be used to solve the conflict between Jim Summerfield and the staff in the Faculty of History.

HL only

10

Unit 3 - Finance and accounts

Questions

SL/HL

Marks

Section 3.3: Break-even analysis

Define the term profit (line 104).

2

Section 3.4: Final Accounts

Define the term expenses (line 57)

2

Analyse the purpose of final accounts to two stakeholders of PU

6

Construct a profit and loss account for PU (quantitative data needed).

6

Construct a balance sheet for PU (quantitative data needed).

6

Section 3.5: Profitability and ratio analysis

Calculate different ratios.

Examine strategies to improve the ratios.

Section 3.6: Efficiency ratio analysis

Calculate different ratios.

HL only

Examine strategies to improve the ratios.

HL only

Section 3.7: Cash Flow

Define cash flow (line 57)

2

In the context of PU distinguish between inflows and outflows

4

Explain one advantage and one disadvantage of cash flow forecasting for PU.

4

Construct a cash flow forecast (quantitative data needed.

6

Discuss two strategies PU could use to deal with cash flow problems.

6

Section 3.8: Investment Appraisal

Calculate the payback period for different options (Data required)

Calculate the average rate of return for different options (Data required)

Calculate the net present value for different options (Data required)

HL only

 

Section 3.9: Budgets

Define budget (line 61)

2

Explain the importance of budgets for PU.

HL only

4

Unit 4 - Marketing

Questions

SL/HL

Marks

Section 4.1: The role of marketing

Define the term marketing strategies (line 61).

2

Define the term marketing (line 77).

In the context of PU, distinguish between the marketing of goods and the marketing of services.

4

Examine the marketing objectives of a for profit organization like and non- profit organizations lime PU

6

Discuss how ethical considerations and culture may influence marketing practices and strategies of PU.

10

Section 4.2: Marketing planning

Section 4.3: Sales Forecasting

Section 4.4: Market Research

Define the term survey (line 11)

2

Identify two methods of secondary market research that MM can use to understand better the Country B market.

2

Section 4.5: The 4 P’s

Define the term promotion (line 63).

2

Define the term prototype (line 75).

2

Define the term social media (line 105).

2

In the context of PU, distinguish between the goods and services.

4

Comment on the appropriateness of over-pricing medicine by one of the companies who funds medical research (line 116)

4

In the context of PU distinguish between above and below the line promotion.

4

Section 4.6: The extended Marketing Mix

Analyze the importance of the seven Ps model for PU.

HL only

6

Analyze the importance of People, Processes and Physical evidence in marketing PU’s services.

HL only

6

Section 4.7: International Marketing

In the context of MM, explain one method they could use to enter Country B.

HL only

4

Examine one advantage and one disadvantage of PU using international marketing.

HL only

4

 

In the context of PU, analyze the role of cultural differences in international marketing.

HL only

6

Unit 5 - Operations management

Questions

SL/HL

Marks

Section 5.1: The role of operations management

Define the term sustainability (line 118)

2

Define the term operations (line 129).

2

Analyse the importance of ecological sustainability for PU

6

Section 5.2: Production Methods

Section 5.3: Lean Production and quality management

Define the term “waste” (line 122)

HL only

Section 5.4: Location

Section 5.5: Production planning

HL only

Section 5.6: Research and development

Define the term research

Explain the importance of innovation for PU

HL only

4

Section 5.7: Crisis management and contingency planning

In the context of PU, explain the difference between crisis management and contingency planning

HL only

4

Explain two advantages for PU of having contingency plans in place

HL only

4

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