• Let the learners do the matching activity and discuss their answers. • Case study: help the learners with the research and the classifying of the assets.


Background knowledge


The learners need to know what an asset is and be able to differentiate between a fixed asset and a current asset.


Suggested answers 1 Column A


Money contributed to start a business Goods for sale to customers


Person who owes money to a business Money in a cash register to give change to customers Column B Capital üü


Trading inventory üü Debtor üü


Cash float üü


2 Answers will differ. Make sure the learners can differentiate with their examples between fixed, non-current, and current assets.


2.1 Non-current assets


Products/equipment R50 000 Motor car: Ford Fiesta


Equipment – music R50 000 Jet ski and trailer


Equipment: microphone and monitor (5 x 1 mark)


Fixed assets Current Assets Recording contract


Cash R250 000 from Samsung Cash R250 000 from KFC Clothes voucher, R30 000


(4 x 1 mark) 2.2 Answers will depend on the person selected and the research obtained. Assessment guidelines


Use the checklist below to assess learners. Give learners feedback on their performance to prepare them for formal assessment.


Criteria


The learners: y followed the instructions in the Learner’s Book and understood what to do y were able to differentiate between the various classes of assets identified


Activity 4 Identify investment options Guidelines to implement this activity


Learner’s Book page 52


• This is a pair activity. • Ensure each pair is a boy and a girl to get different points of view. • Let one learner read the case study.


46 Term 2: Financial literacy 9780199052050_OS_Economics_7_TG_CAPS2017.indb 46 11/29/17 9:02 AM Yes Partly No


(9) (9)


Total: 26 marks (8)


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