OMAR H.S EBRAHIM PRIMARY SCHOOL
TSHWANE WEST DISTRICT (D15)
EDUCATOR: MAKOTANYANE B
MODERATOR: KHELETSHANE B.L
NNNN
GRADE 7
TERM 4
ECONOMICS AND MANAGEMENT SICENCES
END OF YEAR EXAMINATION
09 NOVEMBER 2023
Duration : 1 hour 30 minutes
TOTAL:
100
Learner’s name:_____________________________________________________
Grade: ________
INSTRUCTIONS:
1. This question paper consists of 12 pages and 7 questions, including the
cover page.
2. Write neatly and legibly.
3. Use blue ink only.
4.
Answer ALL the questions in the spaces provided in this question paper.
5. You may use a calculator for the budget and net worth questions.
1
SECTION A
1.1. MULTIPLE CHOICE
Four options are provided as possible answers to the following questions. Choose
the correct answer and write the letter next to the question number. e.g., 1.1.1. D
1.1.1. ………………… is an example of an expenditure.
(1)
A. Rent
B. Salary
C. Money
D. Commission
1.1.2. An example community savings scheme.
(1)
A. Life insurance
B. South African Reserve Bank
C. Stokvels
D. Investment policy
1.1.3. Which of the following is an example of a service offered by the bank?
(1)
A. Loans
B. Social grants
C. Trading
D. Labour
1.1.4. ……………. is the money you receive in a business
(1)
A. Budget
B. Expenditure
C. Salary
D. Income
1.1.5. Which of the following is NOT a sector of economy?
(1)
A. Tertiary
B. Primary
C. Input
D. Secondary
`
[5]
2
1.2.
Match column A and B write only your answer (a letter) in column C.e.g.
2.1.1.E
A
B
C
1.2.1. Keeps our money safe.
A. Goals
1.2.1.
1.2..2. The effect of technology on production.
B. ABSA
1.2.2.
1.2.3. Things you want to achieve in the future.
C. SWOT analysis
1.2.3.
1.2.4. An example of a private sector bank.
D. Bank
1.2.4.
1.2.5. A framework that helps entrepreneurs decide
E. Mass
1.2.5.
whether their new business idea is feasible.
production
[5]
1.3. Underline the correct word
1.3.1. (Advertising/buying) is a is any paid form of presentation and promotion of
ideas.
(1)
1.3.2. (Productivity/Unit production) is when a complete good is produced one at a
timer.
(1)
1.3.3. Banks contribute to the (Production/Economic growth).
(1)
1.3.4. (Labour/Technology) makes production to be faster.
(1)
1.3.5. You need an (ID/report) to open a savings account
(1)
[5]
1.4. Word Bank
Choose the words in the wordbank to fill the senteces below:
Entrepreneur
Funeral society
bank charges
Risks payments
1.4.1. Banks enable customers to make ______________ via ATM’s and EFT.
(1)
1.4.2. Banks charge for all their services these fees are called ___________.
(1)
3
1.4.3. An _____________________ is someone who owns a business.
(1)
1.4.4. Entrepreneurs take __________________ to start a business.
(1)
1.4.5. __________________ gives you money when the family member dies.
(1)
[5]
Total: 20 Marks
SECTION B: THE ECONOMY
Question 2: PRODUCTION PROCESS
2.1. Define the term productivity
(2)
___________________________________________________________________
___________________________________________________________________
___________________________________________________________________
2.2. State an example of input in the production process.
(1)
___________________________________________________________________
2.3.
2.3.1. Name a resource reperesented in the diagram above.
(1)
___________________________________________________________________
2.3.2. State 2 use of the resource reperesented in the diagram above.
(2)
__________________________________________________________________
2.3.3. Describe 2 ways in which you can use the above resource in a sustainable
way.
(2)
___________________________________________________________________
___________________________________________________________________
___________________________________________________________________
4
___________________________________________________________________
___________________________________________________________________
___________________________________________________________________
2.4. How can the government help with economic growth.
(2)
___________________________________________________________________
___________________________________________________________________
___________________________________________________________________
[10]
Question 3: Technology in the production process
Read the case study mbelow and answer the questions that follow
Speeding up production
Henry Ford was the person who invented mass production and the first to use it in building Ford
Motor vehicles. When cars first came out they were handmade, one at a time, and very
expensive. Henry Ford wanted everyone to be able to own a motor car, so in 1908 he developed
a method of making the cars move along a conveyor belt system. Workers were able to stand
alongside the conveyor belt and add parts to the car shell as it passed their station. By speeding
up the manufacturing process Mr. Ford produced many more cars in the same time his
competitors took to produce one car. His production costs were much lower and so his cars were
sold at the lower price this was the start of the Ford Motor Company that is still producing Ford
Motor vehicles today.
(Adapted from Oxford successful learners’ book grade 7)
3.1. Identify the product being produced in the case study.
(1)
___________________________________________________________________
3.2. Explain what is meant by mass production .
(2)
___________________________________________________________________
___________________________________________________________________
___________________________________________________________________
3.3. How has technology improved the production of this product over time.
(2)
___________________________________________________________________
___________________________________________________________________
___________________________________________________________________
5
3.4. In a paragraph write down advantages production and disavantages of mass
production.
(3)
___________________________________________________________________
___________________________________________________________________
___________________________________________________________________
___________________________________________________________________
___________________________________________________________________
3.5. Without mass production, do you think Ford company would have grown in a
way we are experiencing it today? Explain your answer.
(2)
___________________________________________________________________
___________________________________________________________________
__________________________________________________________________
[10]
SECTION C
Question 4: Personal savings, the purpose of savings, the role of banks.
4.1. Define the term savings.
(2)
___________________________________________________________________
___________________________________________________________________
4.2. Why do people save money?
(2)
___________________________________________________________________
___________________________________________________________________
___________________________________________________________________
4.3.
B
A
6
4.3.1. In the diagrams above which way of saving will you prefer to save for Malapi
,( Nike sports attire)? Give a reason for your answer
(2)
___________________________________________________________________
___________________________________________________________________
___________________________________________________________________
4.3.2. Who were the people responsible for keeping people’s money safe?
(1)
___________________________________________________________________
4.4. Explain in three roles of banks.
(3)
___________________________________________________________________
___________________________________________________________________
___________________________________________________________________
___________________________________________________________________
[10]
Question 5: Opening a savings account at the bank, community savings
schemes.
5.1.
Name 2 commercial banks in south Africa.
(2)
a) ___________________________________
b) ___________________________________
5.2.
Name 3 types of accounts you can open in these banks.
(3)
____________________________________________________________________
____________________________________________________________________
____________________________________________________________________
5.3.
Read the following case study and answer the questions that follow.
Kopano Burial Society
Sam Moila is part of a funeral society called Kopano burial society. He's the main member.
Kopano burial society has 25 members. When he joined the society, he paid a R1000
entrance fee. The society will cover himself, his spouse, parents and parents in law, and
biological children. He can also nominate 2 dependents (these are needy people in the
community) same contributes R120 per month.
(Adapted from Oxford successful learners’ book grade 7)
7
5.3.1. How does Kopano burial society help a person to save money.
(2)
___________________________________________________________________
____________________________________________________________________
____________________________________________________________________
5.3.2. Why is it important for people to have funeral societies?
(2)
____________________________________________________________________
____________________________________________________________________
____________________________________________________________________
5.4.
What does SARB stand for?
(1)
____________________________________________________________________
[10]
Question 6: Entrepreneurship
6.1.
6.2.
Write the definition of an entrepreneur.
(2)
______________________________________________________________
______________________________________________________________
Describe the following characteristics of an entrepreneur.
a) Entrepreneurs are creative and innovative
(2)
____________________________________________________________________
____________________________________________________________________
____________________________________________________________________
b) Entrepreneurs are resourceful and hardworking.
(2)
______________________________________________________________
______________________________________________________________
______________________________________________________________
6.3. Explain how entrepreneurs plan their business.
(3)
___________________________________________________________________
___________________________________________________________________
___________________________________________________________________
___________________________________________________________________
___________________________________________________________________
8
6.4.
Give 2 skills of an entrepreneur
(2)
_________________________________________________________________________
_________________________________________________________________________
6.5.
Read the following case study and answer the following questions.
Marinkie is a fashion designer, she designs and make clothes. She has a 3 orders of
evening dresses for matric dance on the 30th of November 2023. Marinkie bought her
material from Marabastad, but she tells her customers that she imported them from
China. She is selling her dresses at a higher price. When she advertises her dresses,
she assures her customers that the dresses are of good quality yet some customers
in the past complained of the material of the dresses being of poor quality. She
makes a lot of profit by making the dresses.
6.5.1. Which evidence from the case study shows Marinkie’s weaknesses as an
entrepreneur?
(2)
___________________________________________________________________
6.5.2. Draw from the case study examples of the following entrepreneurial actions.
(4)
a) Buying: _______________________________________________________
b) Selling: _______________________________________________________
c) Producing: ____________________________________________________
d) Making profit: _________________________________________________
6.5.3. Is Marinkie trustworthy as an entrepreneur? Explain your answer.
(2)
_________________________________________________________________________
_________________________________________________________________________
_________________________________________________________________________
6.6.
What makes customers come to her business?
(1)
_________________________________________________________________________
[20]
9
Question 7 :Entrepreneurship
Look at the advertisement below and answer the questions that follow:
7.1.State the service business advertised above.
(1)
___________________________________________________________________
7.2. State 3 P’s of advertisment present in this advert.
(3)
7.3. Give 2 types media suitable for this advertisement? Provide each with an
example.
(2)
___________________________________________________________________
___________________________________________________________________
___________________________________________________________________
7.4.Describe how this advertisement follows the AIDA principles.
(4)
a)Attention:__________________________________________________________
b)Interest:___________________________________________________________
c)Desire:___________________________________________________________
10
d) Action:
7.5. Read the case study below and answer the following questions
Lukhanyo runs a carwash business in his neighbourhood, he has 3 employees that are
hardworking and provide excellent customer service. His carwash does not make much profit
because he does not have proper equipment therefore customers choose to go to the carwash
at the petrol station. Lukhanyo applied for sponsorship from his uncle who owns a car
dealership. The only problem is that he might have to move his carwash to town next to his
uncle’s car dealership and lose his loyal customers.
7.5.1. Use the information in the above case study to analyse strenghts,
weaknesses, opportunities and threats in Lukhanyo’s carwash. Write your answers
in the table below.
(4)
a) Strenghths
b) Weaknesses
c) Opportunities
d) Threats
11
7.6. Jeffrey is selling lemonades on spring day festival in his neighbourhood. Here is
the list of all the costs.
* Plastic cups R20,00 pack of 10
* Lemons R18,00
* Ice cube R15,00 per bag
* 500g white sugar R17,99
* Table rent R15,00 Per day
* Water R5,00
* Cooler box rent R20 per day
7.6.1. Use the table below to differentiate variable and fixed costs.
Variable costs
(4)
Fixed costs
7.6.2. Calculate the total costs
(2)
(2)
[20]
TOTAL: 100 MARKS
12
Marking guidelines for Economics and Management Sciences Grade 7 End of
Year Exam
Question Answer
Mark allocation
1.1.
1.1.1.
1.1.2.
1.1.3.
1.1.4.
1.1.5.
A
C 
A 
D 
C 
1 mark for each
correct answer
[5]
1.2.
1.2.1.
1.2.2.
1.2.3.
1.2.4.
1.2.5.
D
E
A
B
C
1 mark for each
correct answer
[5]
1.3.
1.3.1.
1.3.2.
1.3.3.
1.3.4.
1.3.5.
1.4.1.
1.4.2.
1.4.3.
1.4.4.
1.4.5.
Advertising 
Productivity 
Economic growth 
Technology 
ID 
Payments 
Bank charges
Entrepreneur 
Risk
Funeral society 
1 mark for each
correct answer
[5]
2.1.
Productivity is how quickly inputs can be turned
into outputs for sale. 
2 marks
2.2.
Coal, wool, wood, cotton 
1.4.
2.
1 mark for each
correct answer
[5]
1 mark for
correct answer
2.3.
2.3.1. Electricity 
2.3.3. lighting, heating, cooking, refrigeration, operating
appliances, electronics, machinery and public
transportation system. 
2 marks (1 mark
for any relevant
answer).
13
2.3.3. Turn off lights and appliances when not in
use. Use solar energy.
2.4.
3.
3.1.
3.2.
3.3.
3.4.
3.5.
4.
4.1.
4.2.
Give business loans and grants
Stable inflation and high employment rate.
Ford motor vehicles 
Mass production is when products are produced
in large numbers to save money. 
More products can be produced so production
becomes efficient. 
Mass production reduces labour costs,
Production process is faster, saves money and
time, but it usually produces low quality products,
it needs skilled workers to work with the
machinery. 
2 marks for any
correct answer.
1 mark
2 marks
2 marks
2 marks for
No, Mass production makes production to be
answer and
more efficient and increases the number of goods
explanation
produced. 
Savings means putting some money aside for a
certain purpose. 
People save to buy things they can’t afford, for
retirement, for a holiday, for vacation, to cover
expenses and to further education. 
4.3.
4.3.1. Piggy bank (B), I do not have a bank account yet.
(under the age of 16). 
4.3.2. Goldsmith 
4.4.
2 marks for each
correct answer.
Banks keep money safe. 
It pays interest to people who save. 
Contribute to economic growth. 
2 marks
2 marks for any
correct answer.
2 marks
1 mark
1 mark each ,out
of 3 marks
14
5.
5.1.
5.2.
ABSA
FNB
NEDBANK
CAPITEC
Savings
Investment 
Loans/ credit 
5.3.
5.3.1. Gives money for their members when their loved
ones die. 
5.3.2. Funerals come unexpectantly when you least
expect them therefore funeral societies help with
the money for burials. 
5.3.3. SARB – South African Reserve Bank 
6.
6.1.
An entrepreneur is someone who recognises a
need in a community and starts a business to
meet that need. 
6.2.
a) Entrepreneurs come up with new ideas and
solutions. 
b) Entrepreneurs focus on the work of their
business to meet the needs and wants of their
customers. 
They think about the product, who to sell to,
where to locate the business, the cost of
starting a business. 
Good at organising , can make good
decisions, trustworthy, leadership.
6.3.
6.4.
Any 2 correct
answer
3 marks
2 marks
2 marks
1 mark
2 marks
4 marks (2
marks for each
correct answer.)
3 marks (1 mark
for each correct
mark)
2 marks (1 mark
for each correct
answer)
6.5.
6.5.1. She sells poor quality goods; she lies about
where she gets her materials. 
6.5.2. a) Buying: She bought her material from
Marabastad. 
b) Selling: She is selling her dresses at a higher
price. 
c) Producing: she designs and make clothes. 
d) Making profit: She is selling at a higher price,
meaning she makes profit. 
2 marks for
correct answer
4 marks (1 mark
for each correct
answer)
15
6.5.3. No,  She lies to her customers and says she
got her materials from China while she got them
from Marabastard. 
7.
2 marks ( 1 mark
for the answer
and for the
explanation.)
7.1.
7.2.
Bubble laundromat 
Price 
Place 
Product 
1 mark
7.3.
Print media - Poster, leaflet or newspaper 
Internet/digital media- social media (WhatsApp,
Facebook).
2 marks ( 1 for
each correct
answer)
7.4.
a) Ask the customers a question. 
b) Use a catchy phrase. 
c) Shows pictures. 
d) Free delivery
3 marks ( 1 mark
for each correct
answer)
4 marks ( 1 mark
for each correct
answer)
7.5.
7.5.1. a) Hardworking employees/ Excellent customer 4 marks( 1 mark
for each correct
service.  (any 1)
answer)
b) No proper equipment. 
c) Sponsorship. 
d) Moving to town and losing customers/
customers choose the carwash at the pertrol
station.  (any 1)
7.6.
7.6.1.
Variable costs
Plastic cups
Lemons
Ice cubes
White sugar 
Fixed costs
Water
Table rent
Cooler box rent 
4 marks ( 2
marks for each
column)
16
7.6.2.
Variable costs
Plastic cups R20,00
Lemons R18,00
Ice cubes R15,00
White sugar R17,99
Total= R70.99
Fixed costs
Water R5,00
Table rent R15,00
Cooler box rent
R20,00
Total=R40,00
2 marks
Total Costs= R70,99 + R40,00
= R110,99 
17
18