SECTION C: FINANCIAL LITERACY


Question 7 7.1 Define a budget.


7.2 List ONE component of a budget.


7.3 Mduzi, a manager at Colour Printers gives you the following information. Salary, R28 500; investments, R15 000, House, R350000, vehicle, R125 600; clothes, R5 750, Edgars store account, R3 250; Loan: Rabobank, R189 560; Equipment, R25900; Credit card, R8 900. 7.3.1 Identify the purpose of a statement of net worth. 7.3.2 Calculate Mduzi’s net worth.


7.3.4 Comment on Mduzi’s net worth.


(2) (1)


(2) (13)


7.3.3 Do you think his investment is the best decision? Give reasons for your answer.


(6) (8)


][ 2


Question 8 8.1 Explain the following terms and give ONE example of each that relates to Colour Printers:


8.1.1 Financial records 8.1.2 Income


8.2 Discuss how a business budget will assist the owners of Colour Printers. 8.3 Explain expenses and how they affect the profit of Colour Printers.


8.4 Explain how a community savings scheme will help the factory workers at Colour Printers.


SECTION D: ENTREPRENEURSHIP


Question 9 9.1 Identify the business sector that Colour Printers belongs to.


9.3 Compare formal and informal business.


9.4 Give your opinion on how a natural disaster such as a forest fire would affect Colour Printers.


Question 10 10.1 Name THREE components of a selling price. 10.2 Define advertising.


(1)


9.2 Discuss the role of informal businesses in the community as producers to Colour Printing.


(4) (6)


(6) [17]


(3) (2)


10.3 Color Printers have decided to expand their business. Do you think they should do a SWOT analysis before making a final decision? Give reasons for your answer.


(8) [13] Total: 150 marks


(3) (3) (4) (4)


(4) [18] 3


110 Section E: Resources for teaching EMS 9780199052050_OS_Economics_7_TG_CAPS2017.indb 110 11/29/17 9:02 AM


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