4.3.2 A household can be a consumer as they purchase goods and services. üü e.g. water from the municipalityüü, purchase goods e.g. motor vehicle


(4) [21] SECTION C: Financial literacy


Question 5 5.1 Income (1) minus expenses (1) = Profit (1)


5.2 Income (R2 500 × 4)ü R10 000 ü – R9 500ü = R500 profitü


(3) (4)


5.3 Important planning tool for controlling money in a business;üü helps business to identify if there are any problems;üü cash flow is importantüü so a business must plan a cash budget,üü which is a forecast of how much cash a business has on handüü and how much it will need to meet expenses.üü A cash budget will show shortagesü and surpluses.üü


5.4 Learners’ own answers but they will probably say that if she starts her own business she can make a better return than 5%.


SECTION D: Entrepreneurship


Question 6 6.1 Businesses no longer think HIV/AIDS is solely a medical problem üübecause it has become so widespread.üü Between 12% and 25% of the workforce is affected by it üüand staff problems of this scale significantly affect the operation üüand financial standing üüof the business.


[10]


6.2 Indirect costs include: absenteeism, üstaff turnover, üloss of skills, üa decline in worker morale. ü


Question 7


Learners’ answers will vary. Give one mark for a sensible material, and one mark for a relevant product that can be created from it. Examples include:


Myron could: • Collect old plastic bags and make curios out of it. • Collect tins and cooldrink caps and create figurines out of it. • Collect old clothes and repurpose it to bags, mitts or blankets. • Collect plastic bottles and create new containers (for plants, stationery, etc.). • Collect glass bottles and create new containers (for stationery, spices, etc.). • Collect old wood and create artwork or planters. Accept any relevant answers.


(4) [14] Total: 100 marks


(max 10)


(max 10) [27]


[8]


62 Term 2: Financial literacy 9780199052050_OS_Economics_7_TG_CAPS2017.indb 62 11/29/17 9:02 AM


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