HOËRSKOOL ELSPARK
GRADE 8
TERM 1 TEST
2018
ECONOMIC AND MANAGEMENT SCIENCES
MARKS: 50
TIME: 1 HOUR
DATE: MARCH 2018
EXAMINER: M BARNARD
MODERATOR: A PRETORIUS
This paper consists 4 of pages.
MODERATOR: A PRETORIUS
M BARNARD
O DE SOUSA
INSTRUCTIONS AND INFORMATION
1.
This examination paper consists of Four sections and Four Questions.
2.
Write neatly and legibly
3.
All questions are COMPULSORY.
4.
Read through the questions carefully and make sure that you allocate enough
time for each question.
5.
Use of a calculator is permissible
Page 1 of 5
QUESTION 1
1) Match column B with column A. It is only necessary to write down the letter next
to the question.
For example, 9.1) E
COLUMN A
COLUMN B
1.1) Assets
A
A= OE+L
1.2) Members of the Government of
National Unity Members
B
SARS
1.3) Accounting Equation
C
National Budget
1.4) South African Revenue Services
D
Possessions of the business. For
example, vehicle.
1.5) Lifestyle
E
ANC, NP, IFP
F
Value Added Tax
G
The term to describe the way a
person lives.
[10]
QUESTION 2
2) State whether the following statements are TRUE/FALSE and give the correct
statement if the statement is incorrect.
2.1) there are 11 provinces in South Africa and each province needs to generate
their own funds.
2.2) The Constitution is the supreme or highest law of the land.
2.3) Depreciation refers to the value of an asset increasing over a period of time.
2.4) the mark up percentage of a product is added to the cost price of the asking
price.
2.5) Personal services refer to services that the government provides, for
example education.
[10]
Page 2 of 5
QUESTION 3
3) Answer the question below by referring to the pictures below.
PICTURE A
PICTURE B
PICTURE C
PICTURE D
3.1) Name each of the different types of societies illustrated in the pictures and explain
them shortly. (8)
Page 3 of 5
3.2) answer the following questions by referring to the picture below:
3.2.1) List THREE ways you can reduce your carbon footprint immediately.
(3)
3.2.2) Explain the term carbon footprint.
(1)
[12]
QUESTION 4
4.1) Complete the following table and show ALL your calculations. (A – F)
COST PRICE (CP)
MARK UP
PERCENTAGE
(%M.U.)
SELLING PRICE
(SP)
PROFIT
A
30%
R10 500
B
C
52%
R500
D
(9)
Page 4 of 5
4.2) Complete the receipt using the information provided.
ESTIE Developers issued receipt no. 158 on the 14th of February 2018 for a capital
contribution of R150 000 from T de Klerk.
RECEIPT
No.
Date:
Received from:
For:
The amount of:
rands
cent
W. Sibanda
ESTIE Developers
(6)
4.3) Explain what is meant with the term drawings and give an example.
(2)
[18]
GRAND TOTAL: 50
Page 5 of 5