Unit 6: Strategic Management

Topic 6.7: Organizational Planning Tools Questions

Practice 20 exam-style questions for IB Business Management Topic 6.7. Review the question stems below, then unlock the full Question Bank to access markschemes, model answers, and AI grading.

1define2 marks
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Define the term median.
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2explain4 marks
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Explain what a negative correlation shows.
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3define2 marks
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Define the term mode.
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4define2 marks
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Define the term range.
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5define2 marks
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Define the term mean.
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6define2 marks
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Define the term mode.
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7define2 marks
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Define the term range.
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8define2 marks
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Define the term median.
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9explain4 marks
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Explain what a positive correlation shows.
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10define2 marks
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Define the term mean.
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11explain4 marks
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Explain what a negative correlation shows.
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12explain4 marks
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Explain what a positive correlation shows.
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13explain4 marks
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A company’s sales revenue has increased by 5% but profit has fallen. Explain how this could occur.
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14explain4 marks
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A business reports high revenue growth but declining customer satisfaction scores. Explain why this may be a concern.
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15explain4 marks
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Explain one advantage of using the median instead of the mean.
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16explain4 marks
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Explain how benchmarking can help improve performance.
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17outline2 marks
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Outline one limitation of using correlation analysis in business decision-making.
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18outline2 marks
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Outline one reason why data from a small sample may be unreliable.
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19explain4 marks
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A manager reports that average wages are high, but most employees earn below that figure. Explain how this could happen.
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20calculate2 marks
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Calculate the percentage change in sales if sales increased from $200,000 to $250,000.
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