Grade 7 EMS TERM 4 FINAL EXAM MARKING GUIDELINE
Section A
Question 1[20]
1.1.1
1.1.2
1.1.3
1.1.4
1.1.5
1.1
D
C
C
D
D
1.2
✓
✓
✓
✓
✓
1.2.1
1.2.2
1.2.3
1.2.4
1.2.5
False ✓
True ✓
True ✓
False ✓
True ✓
1.3
1.3.1. selling✓
1.3.2. formal business✓
1.3.3. R1, 50✓
1.3.4. Output✓
1.3.5. bank ✓
1.4
1.4.1. B✓
1.4.2. C✓
1`.4.3. D✓
1.4.4. A✓
1.4.5. B✓
Section B
Question 2 [4]
2.1. Inputs are things that are used to make a product. ✓✓
2.2.
Picture
Inputs
A
Natural input✓
B
Capital or human made inputs✓
Question 3 [6]
3.1. Production process: are the steps in production of making a products using inputs. ✓✓
3.2. Economic growth: is the growing of economy, it is measured by more products
produced and more jobs created. ✓✓
3.3. Outputs: is the end products after production process. ✓✓
Question 4 [10]
4.1. More goods and services; ✓✓greater variety of goods and services; customer satisfaction; better
levels of service delivery; economic growth; ✓✓ more productive communities; increased
profitability; more job opportunities; ✓✓ better income earning; expansion of businesses; wealth
creation. (any three)
4.2.
Resources
example
How they can be sustain
Natural resources
Trees
Plant new one, once they a cut down. ✓
Human made resources
Machines/ Cars✓ /any
other relevant
Service them, they must be used by
people who are trained to use them.
Human resources ✓
People
Provide them with long term jobs✓/ pay
them better/ train them for work they
do (Any one )
Section C QUESTION 5 (15)
5.1.1 State the production method that was introduced by Hendry Ford in 1908
Mass production method✓ ✓
(2)
5.1.2 Identify the TWO benefits to the production method introduced by Hendry Ford in
1908.
More products will be produced at a time. ✓ ✓
Low production cost ✓ ✓
Affordable cars ✓ ✓
Any two
(4)
5.1.3 Explain how the invented method of production works.
Cars move along the conveyor belt✓ ✓
Workers add parts as cars pass their station✓ ✓
Speeding up the manufacturing process✓ ✓
(6)
5.1.4 In TWO lines, show how has technology improved the production of cars over time.
Introduction of machinery has improved the production of cars by producing more
cars at a time.✓
Improved efficiency of the production of cars. ✓
The use of computers for quality control has led to few / no rejects. ✓
More environmental friendly cars have been produced. ✓ (Any 3 relevant
points)
(3)
QUESTION 6
6.1 Investment - is simply the saving of money with the aim of making it grow by
earning interest . ✓ (1)
6.2 Calculate interest on investment for one month on an investment of R2000
invested at a rate of 15% for the year.
Solution
= Capital x % rate of interest x number of months in a year
= R2 000 x 15 x 1 ✓
100 12 ✓
= R25, 00 ✓ ✓
[4]
Question 7 (10)
1.
7.1. one of Portia’s strengths that will help her making her business a success:
She has computer skills. ✓ ✓
She can type very fast. ✓ ✓
Her dad has a computer and a printer that she can use. ✓ ✓
She can operate the business from home and need not hire a building / Her dad is willing to lend her
R600 as a start-up capital and she can pay it back over four months. ✓ ✓
Any 1 of the above = 2 marks
7.2. one of her weaknesses:
She has no knowledge of accounting and costing. ✓✓
She is very shy and does not have people skills. ✓✓
Any 1 of the above = 2 marks
7.3. One of her opportunities which will be good for her business in the future:
Her dad knows many small business owners and will ask them to make use of her business. ✓ ✓
She plans to buy extra computer programs that will allow her to create business cards, wedding
invitations, certificates for schools, etc. ✓ ✓
She advertise in the local newspaper and people will know where to find her. ✓ ✓
Any 1 of the above = 2 marks
7.4. List one threat and explain how she plans to overcome this threat.
a. Some of her previous classmates can also decide to do typing for an extra
income ✓
She plans to employ one of her friends that could be competition in future. ✓
7.5. Describe her target market.
a. Teachers at school, learners at school, students who need CVs and assignments typed, small
businesses. ✓ ✓
Question 8 (7)
8.1. Which business did friends start?
Tuck-shop
8.2. Define an entrepreneur.
Is the person who takes the risk of starting a business with his own or borrowed capital.
8.3 Give three reasons why Richard and kalamose are entrepreneurs?
(3)
They have identified the need, place to sell, target market and the product to sell.
(Any three reasons) ✓ ✓✓
8.4 Why this is a trading business, give one reason? (1)
Because they buy and sell ✓
Question 9 (16)
(1)
✓
(2)
✓✓
Ayanda is selling banana muffins. She sells 10 muffins per day at R3 each. She is planning to sell 100
muffins after 5 days.
9.1 What is Ayanda’s goal? It is to sell 100 muffins in five days. ✓✓ (2)
9.2 Ayanda’S goal is SMART. Insert the meaning of each acronym in the table.
S
M
A
R
T
Specific
measurable✓
achievable✓
relevant✓
Time - bound✓
Advertising
9. 3 Explain what is advertising? (2) It is a process of letting your customers know about your product
and buy it. ✓✓
9. 4 Name three types of media used in advertising. (3) Radio, television and print media. ✓✓✓
9.5 Fill in the missing word. (5)
9.5.1 Enthusiastic. ✓
9.5.2 Communicating. ✓
9.5.3 Endorse. ✓
9.5.4 Billboard. ✓
9.5.5 Recycled. ✓
Question 10 (8)
Cost calculation
Ingredients
Total cost
Unit price
Vienna sausages
R 20 for 20
20 ÷ 20 = R 1 ✓
Rolls
R 12 for 12
12 ÷ 12 = R 1 ✓
Margarine
R 25 for 100
25 ÷ 100 = 25c ✓
Tomato sauce
R 15 for 30
15 ÷ 30 = 50c ✓
Total costs
10.2 NB: Mark total cost of production.
R20 + R12 + R25 + R15 = R72 ✓✓✓
N.B Relevant answers are taken!!!!
R 2.75 ✓