Additional Term 3 control test


SECTION A Question 1: Match columns


Choose a term from column A that matches a description in column B. Write only the letter (A–F) next to the question number (1.1–1.6)


COLUMN A 1.1 Profit


1.2 Income statement 1.3 Inequality 1.4 Urban 1.5 Rural 1.6 Budget


Question 2: True or false


Indicate whether the following statements are TRUE or FALSE. Choose the answers and write only the words ‘true’ or ‘false’ next to the question number in your test/ exercise book.


2.1 A SWOT analysis is used to make a decision whether a new business idea will be successful.


2.2 Variable costs stay the same regardless how many articles are made. 2.3 Fixed costs change as the number of products increases. 2.4 Employment Equity Acts prevents employers from discriminating against women.


2.5 Skills Development Act ensures everyone has equal opportunity in the work place.


2.6 Creating sustainable businesses is one way to reduce poverty. [6] SECTION B: THE ECONOMY


Question 3 3.1 List TWO problems caused by poor quality education. 3.2 Describe THREE challenges that rural people face. 3.3 Discuss TWO causes of socio-economic imbalances.


(2) (6) (4)


[12] COLUMN B


A It plans the way income will be spent in the future. B Large tracts of land with little employment opportunity. C It is the difference between income and expenses. D Used to monitor profit and expenses in a business E The difference between rich and poor. F Cost of living is higher.


[6]


104 Section E: Resources for teaching EMS 9780199052050_OS_Economics_7_TG_CAPS2017.indb 104 11/29/17 9:02 AM


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