IB Business Management Mock Exams Questions with Correct Answers 2025

IB Business Management Mock Exams
Questions with Correct Answers 2025
EmpowermentE-ECORRECTEANSWERE-WhenEyouEareEgivenEtheEauthorityEorEpowerEtoEdoEsomething



HowEempowermentEcanEpositivelyEaffectEjobEsatisfactionE-ECORRECTEANSWERE-
InstillingEaEsenseEofEtrustEfromEmanagementEandEaEsenseEofEaccomplishmentEandEprideEinEone'sEworkEenvir
onment



WhatEemployeesEseeEthroughEempowermentE-ECORRECTEANSWERE-
EmployeesEcanEseeEthatEtheyEareEanEintegralEpartEofEtheEbusinessEandEpartEofEitsEsuccess.



FunctionsEofEmanagementE-ECORRECTEANSWERE-
Planning,Ecoordinating,Ecommanding,Econtrolling,Eorganizing



PlanningEfunctionEofEmanagementE-ECORRECTEANSWERE-
settingEorganizationalEgoals,EdevelopingEstrategiesEtoEreachEthoseEgoals,EdeterminingEresourcesEneeded,Es
ettingEpreciseEstandardsE(aEmanagerEsetsEoutEhowEtoEachieveEshortEandElong-
termEgoalsEorEobjectives.EObjectivesEwereEdiscussedEinEsectionE1.3E-EstrategicE(long-term),EtacticalE(short-
term)EandEoperationalE(day-to-day)Eobjectives.)



CoordinatingEfunctionEofEmanagementE-ECORRECTEANSWERE-
aEmanagerEmustEcoordinateEtheEactivitiesEofEdifferentEdepartmentsEwithinEanEorganisation.EThatEmightEme
anEensuringEsuppliersEknowEwhichEgoodsEtoEproduceEandEwhen,EthatEstoresEreceiveEtheEproductEatEtheErig
htEtimeEtoEsellEit,EthatEfinancingEisEinEplaceEtoEpurchaseEtheEgoodsEandEthatEmarketingEisEreadyEwithEitsEadEc
ampaign.EAllEtheseEactivitiesEmustEbeEcoordinatedEsoEthat,EwhenEaEcompanyErollsEoutEitsEproduct,EtheEroll-
outEisEaEsuccess



CommandingEfunctionEofEmanagementE-ECORRECTEANSWERE-
thisEaspectEofEaEmanager'sEjobEinvolvesEgivingEinstructionsEtoEemployeesEandEensuringEworkEperformanceEi
sEofEaEhighEstandard.ESometimesEmanagersEneedEtoEinterveneEifEanEemployee'sEjobEperformanceEisEnotEsati
sfactory.



ControllingEfunctionEofEmanagementE-ECORRECTEANSWERE-
thisErequiresEaEmanagerEtoEunderstandEtheEbusiness'EprocessesEandEpoliciesEandEmakeEchangesEtoEensureE
objectivesEareEmet.EItEentailsEeffectiveEcommunicationEbetweenEtheEmanagerEandEemployees.

, OrganizingEfunctionEofEmanagementE-ECORRECTEANSWERE-
thisEfunctionErequiresEtheEmanagerEtoEuseEtheEavailableEresourcesEefficiently.ETheseEresourcesEcanEbeEcapit
al,EhumanEorEnatural



ReasonsEtoEsetEupEaEbusinessE(GETECASH)E-ECORRECTEANSWERE-
Growth,EEarnings,ETransferenceEandEInheritance,EChallenge,EAutonomy,ESecurity,EHobbies



EarningsE(ReasonEtoEsetEupEaEbusiness)E-ECORRECTEANSWERE-
theEpotentialEreturnsEforEsettingEupEyourEownEbusinessEmayEfarEoutweighEtheEcosts,EevenEthoughEtheErisksE
areEhigh



TransferenceEandEInheritanceE(reasonEtoEsetEupEaEbusiness)E-ECORRECTEANSWERE-self-
employedEviewEtheirEbusinessEasEsomethingEthatEtheyEcanEpassEonE(transference)EtoEtheirEchildrenE(inherit
ance).EItEgivesEthemEaEsenseEofEsecurityEthatEmayEnotEbeEpossibleEifEtheyEchoseEtoEworkEforEsomeoneEelse



AutonomyE(reasonEtoEsetEupEaEbusiness)E-ECORRECTEANSWERE-
employeesEfollowEinstructionsEandErulesEsetEbyEtheEorganizationEwhereasEasEanEemployer,EthereEisEautono
myE(independence,EfreedomEofEchoiceEandEflexibility)EinEhowEthingsEoperateEwithinEtheEorganization



missionEstatementE-ECORRECTEANSWERE-
clearEandEconciseEdeclarationEofEanEorganization'sEfundamentalEpurpose



FeaturesEofEmissionEstatementE-ECORRECTEANSWERE-
SymbolizesEorganization'sEphilosophies,EgoalsEandEambitions;EEnablesEtheEorganization'sEstakeholdersEtoEu
nderstandEtheEdesiredElevelEofEperformance;EIncorporatesEmeaningfulEandEmeasurableEcriteria



CashEflowE-ECORRECTEANSWERE-MovementEofEmoneyEinEandEoutEofEorganization



DescribeEtheEimportanceEofEmonitoringEtheEcashEflowEatEAfghanESunE-ECORRECTEANSWERE-
ImportantEtoEavoidEhavingEaElackEofEcash,EwhichEcouldEcauseEliquidityEproblems;EUsefulEtoEhelpEaEfirmEman
ageEitsEexpenditureEandEtimingEofEitsEspending;EUsefulEdecision-makingEtool