ASSESSMENT (INFORMAL & FORMAL)

                                               

DR RUTH SEGOMOTSI MOMPATI DISTRICT.

KAGISANO - MOLOPO AREA OFFICE

ECONOMIC AND MANAGEMENT SCIENCES

 Grade 7                                                  Assignment

TERM 1:   WEEK 5                              

MARKS: 30                                                                                         TIME: 60 Minutes

NB: To be completed by learners on framework given.

Write paragraphs on needs and wants of ancient communities and how they exchanged their goods. Your answer must include the following aspects:

·         Introduction

·         Information on needs and wants of the ancient communities.

·         Information on system practiced in exchanging their goods;

·         Logical arrangement of facts;

·         Conclusion.

Assessment Tool: Rating scale

Criteria	Marks	Learners Marks
Introduction Excellent:   4 The introduction well considered and clearly outlines the entire discussion including defining of the main concepts Good:         3 The introduction is well/ relatively considered and has a slight/ substantial  relation with the topic under discussion Average:     2 The introduction reasonably considered and has a slight relation with the topic under discussion Poor:          1 Introduction has no relation with the topic under discussion	4
Information on needs and wants of the ancient communities. Excellent:   7 – 9 Detailed, accurate, relevant; key points highlighted. Good:       5 – 6 Detailed, accurate, relevant. Average:    3 – 4 Generally accurate and relevant, but perhaps some gaps and/or irrelevant material. Poor: 0 – 2 Very limited, with many errors and gaps.	9
Information on system practiced in exchanging their goods; Excellent:   7 – 9 Detailed, accurate, relevant; key points highlighted. Good:       5 – 6 Detailed, accurate, relevant. Average:    3 – 4 Generally accurate and relevant, but perhaps some gaps and/or irrelevant material. Poor: 0 – 2 Very limited, with many errors and gaps.	9
Logical arrangement of facts; Excellent:   4 – 5 Clear, lively, imaginative; excellent use of illustrations (if appropriate); exemplary application of a range of punctuations Good:         3 Generally clear, lively; use of appropriate visual aids; good evidence of application of punctuations. Average:    2 Some presentational glitches but generally competent, limited range of punctuations but those employed used to acceptable standard. Poor:         0 – 1 Disjointed, difficult to follow,  very poor linkage of text and illustrations; very poor use of punctuations	5
Conclusion Excellent: 3 Concluding remarks given show in-depth understanding of the needs, wants and the system practiced in the exchange of goods. Good: 2 Concluding remarks given show substantially accurate understanding of  the needs, wants and the system practiced in the exchange of goods. Average: 1 Concluding remarks given show reasonably accurate understanding of  the needs, wants and the system practiced in the exchange of goods. Poor: 0 Concluding remarks given show no or little understanding of the needs, wants and the system practiced in the exchange of goods.	3
TOTAL	30

FRAMEWORK FOR COMPLETING ASSIGNMENT

TERM 1: WEEK 5                                          ASSIGNMENTMARKS: 30

Name of Learner: _________________                               Grade 7: _____

Criteria		Mark
Introduction
Information on needs and wants of the ancient communities.
Information on system practiced in exchanging their goods;
Conclusion.
Logical arrangement of facts
	Mark obtained by Learner:	30

                                                                                                                    

 

 

 

 

TOTAL MARKS: 100

TIME: 2HRS

This question paper consists of 8 pages.

INSTRUCTIONS

1.     The  question paper consists of section A and B.

2.      Use  the  question  paper  as the answer sheet and write your answers on the  provided space.

3.      Answer  all  the  questions .

4.      Write neatly and legibly.

                                                                  

SECTION A – Total = [44]

Question One                                                                                        

Read each question carefully and circle the most correct answer.                                                                        

  1.1 One of the rights of the producer is to:

a.       To make a profit

b.      To decide which factors of production to be used

c.       To determine the amount of goods and services to be produced

d.      To receive payment for services rendered or goods produced

1.2 This is an example of a trading business.

a.       Doctor

b.      Supermarket

c.       Laundry

d.      Car wash

1.3 Indicate which one of the following is not a managerial skill

a.       Leading

b.      Bossing

c.       Organizing

d.      Planning.

1.4 Which of the following statements is not a responsibility of the employer but the right of the 

      Employer

a.       Pay reasonable wages or salaries

b.      Regular wage increase

c.       Safe and healthy work environment

d.      May join an employer organization or association

1.5 The interest for R1000 borrowed from the bank at 20% per annum is …………………..

       a. R250

       b.R200

       c.R450                  

       d.R120    

                                                                                                                                    5x2= [10]

                                                                                                                               

Question Two

Give one word for the following statements.

2.1 A cordless mobile telephone

2.2 A device that is able to send a photocopy of a document via the internet.

2.3 The type of leader who allows employees to do their own thing

2.4 The type of leader who needs to have absolute control of every aspect of the business

2.5 Someone who pays for and uses goods or services to satisfy needs and wants

                                                                                                                                      5x 2=10]

Question Three            

Match the explanation in Column A with a term in Column B.  Write the letter of the correct term in the answer table drawn below.                                                                                                                                                         

COLUMN A	COLUMN B
3.1  It enables you to send correspondence and documents electronically 3.2  Compulsory contributions paid by the citizens of a country to the government. 3.3  Fees charged by the bank when depositing or withdrawing money. 3.4  A person in charge of day to day running of a business. 3.5  The sector responsible for the distribution of finished goods.	A.  Bank Charges  B.  Tertiary  C.  Manager  D.  E-mail  E.  Tax

ANSWERS

3.1

3.2

3.3

3.4

3.5

                                                                                                                                                5X2= [10]

Question Four

State whether the following statements are TRUE or FALSE. Write your answer in the space provided.                                                                                    

4.1.  Needs are things that will be nice to have but that we could live without.  ____________

4.2.  Household is a group of people living together that participate in the economy.  _________

4.3.  Super-markets falls under the primary sector. _____________   

4.4.  Shelter is an example of a need. ____________

4.5.  When you save your money, you earn interest.   __________   

4.6.  Wants are things that we cannot  live without_____________

4.7.  Businesses that process  and transform natural resources are in the tertiary  sector__________________

                                                                                                                                                                5X2= [14]

                                                                                                                    

SECTION B – Total Mark [56]

Question Five

Write the meaning of the following concepts in your own words.                                                                      

5.1 Free goods

____________________________________________________________________________________

____________________________________________________________________________________                                                                                  

5.2 Supply

____________________________________________________________________________________

____________________________________________________________________________________

5.3 Consumer goods

____________________________________________________________________________________

____________________________________________________________________________________

5.4 Economic goods

____________________________________________________________________________________

____________________________________________________________________________________

5.5 Manufacturing

____________________________________________________________________________________

____________________________________________________________________________________

5x3= [15]

Question Six

The following steps, which explains how to use an ATM to withdraw money from an account , are mixed up . Write them in the correct order.

1. Select the account you want to withdraw from
2. Take your receipt
3. Remove your money from the slot
4. Type in your  secret PIN code and press enter
5. Select the amount you want to withdraw
6. Take your card
7. Select the button for withdrawals
8. Put your card in the card slot the right way round(the strip must be on the bottom right)

ANSWERS

    

                                                                                                                                     [16]

                                                                                                                                               

Question Seven

Study the demand graph below and answer the questions that follow?   

                                                                                            

 7.1 How many packets of biscuits would Mary buy in a month if they cost R2.00 each?   (2)

       ___________________

7.2 For 10 packets of biscuits how much will it cost?                                                            (2)

       ___________________

7.3 When the price is low, Mary will demand a large quantity or a small quantity?              (1)

       ___________________

7.4 Explain how prices influence demand?                                                                              (3)    ________________________________________________________________________________________________________________________________________________________________________

________________________________________________________________________________________________________________________________________________________________________

7.5What is meant by equilibrium point?                                                                                 (2)

________________________________________________________________________________________________________________________________________________________________________

                                                                                                                                                [10]

Question Eight                                                                                                                                                    

 Study the passage below and answer the questions that follow.

Elaine and Sally are the owners and managers of a Coal Mining business called CoCo Mines. They work hard to achieve their goal of making their business a success.

They have different tasks to perform in managing the mine. These include monitoring all the daily activities, completing and filing all the important documents. The assets of the business are equipment like computers, fax machines etc. The business uses electronic funds transfer and internet banking when they make payments. Technology is helping a lot in running the business as they use almost all the available means of communication.

Last year the owners came second in an Entrepreneur’s competition.

Questions

8.1. Under which sector does the above business belong?                                                     (2)

________________________________________________

8.2 Name two other sectors not mentioned above.                                                                   (2)

____________________________________________________________________________________

____________________________________________________________________________________

8.3 What does ATM stands for?                                                                                                 (2)

____________________________________________________________________________________

8.4 Name any 4 means of communication.                                                                                   (4)

____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

8.5 Why is record keeping important in a business?                                                                       (3)

________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

8.6 How does CoCo Mines do banking?                                                                                            (2)

____________________________________________________________________________________   [15]

TOTAL:   100 MARKS

                             Economic and management scinces                                                                                                                    

 

 

NAME OF LEARNER: ____________________________________

NAME OF SCHOOL: _____________________________________

NAME OF AREA OFF_____________________________________

NAME OF DISTRICT: ____________________________________

	Total marks _________ 100   MARKS OBTAINED

 

This question paper consists of 4 pages.

Memorandum EMS Grade 7 June 2013

SECTION A

QUESTION 1

1.1 C üü

1.2 B üü

1.3 D üü

1.4 D üü

1.5 D  üü                                                                                                                    (10)

QUESTION 2

2.1 Cell phone üü

2.2 Fax üü

2.3 Permissive//Free/Lazes fair üü

2.4 Autocratic üü

2.5 Consumer  üü                                                                                                        (10)

QUESTION 3

3.1 Emailüü

3.2 Tax üü

3.3 Bank charges üü

3.4 Manager üü

3.5 Tertiary  üü                                                                                                            (10)                 

QUESTION 4

4.1 False üü

4.2 True üü

4.3 False üü

4.4 True üü

4.5 True üü

4.6 Falseüü

4.7 Falseüü

                                                                                                                                    [10]

SECTION B

QUESTION 5                        

5.1 Goods that are freelyü available in a particular area that the consumerü living there are not  

      prepared to pay for themü

5.2 Amount of goods that are offeredü for sale at a given price. üü

5.3 Are products that are directlyü involved in satisfying consumerü’s needs and wants. üü

5.4 Goods that are scarceü in the particular area that the consumers living thereü are prepared to

     pay for them

5.5 Manufacturing –Making of goods/ Transformation of raw material into goodsüü                                                                                                                                                                    (15)

QUESTION 6

6.1 Put your card in the card slot the way round üü

      Type in your secret PIN code and press enterüü

      Select the button for withdrawalsüü

      Select the account you want to withdraw from üü

       Select the amount you want to withdraw üü      

      Remove your money from the slotüü

      Take your cardüü

      Take your receipt   üü

                                                                                                                                                                          

                                                                                                                                                                         

                                                                                                                                                            (16)                                          

QUESTION 7

7.1.  94 packetsüü                                                                                                                                                       (2)

7.2.   R6 üü                                                                                                                                                                    (2)

7.3.  Large quantity ü                                                                                                                                                 (1)

7.4.  When prices are high, the demand for the goods decrease and when prices are low the demand will increase. üüü                                                                                                                                 (3)

7.5.  A point where the demand and supply schedules intersectüü                                                  (2)

                                                                                                                                    [10]

QUESTION EIGHT                                                                                                                                                     

8.1 Primary Sectorüü                                                                                                                                                (2)

8.2 Tertiary Sector üü and Secondary Sectorüü                                                                                       (4)          

8.3 Automatic Teller Machineüü                                                                                                                        (2)

8.4 Cell phone; computer; fax machine; telephone; Letter; telegraph (any 3) üüü                   (4)

8.5 For future reference e.g. auditing; in case there are queries (any relevant answer)üüü

8.6 EFT and internet bankingüü                                                                                                                        (3)

                                TOTAL = 100 MARKS