Economic And Management Sciences Grade 9 November EC 2016 Memo

Downloaded from hlayiso.com SENIOR PHASE GRADE 9 NOVEMBER 2016 ECONOMIC AND MANAGEMENT SCIENCES MEMORANDUM MARKS: 200 This memorandum consists of 9 pages.

Downloaded from hlayiso.com 2 ECONOMIC AND MANAGEMENT SCIENCES (EC/NOVEMBER 2016) SECTION A QUESTION 1: MULTIPLE-CHOICE QUESTIONS 1.1 C √√ (2) 1.2 B √√ (2) 1.3 C √√ (2) 1.4 A √√ (2) 1.5 B √√ (2) 1.6 A √√ (2) 1.7 B √√ (2) 1.8 B √√ (2) 1.9 C √√ (2) 1.10 C √√ (2) [20] QUESTION 2 2.1 business plan √√ (2) 2.2 current asset √√ (2) 2.3 consumers √√ (2) 2.4 original invoice √√ (2) 2.5 planned √√ (2) [10] QUESTION 3 3.1 C √√ (2) 3.2 M √√ (2) 3.3 E √√ (2) 3.4 A √√ (2) 3.5 F √√ (2) 3.6 K √√ (2) 3.7 H √√ (2) 3.8 B √√ (2) 3.9 D √√ (2) 3.10 I √√ (2) [20] QUESTION 4 4.1 Global economy √√ (2) 4.2 credit note √√ (2) 4.3 market √√ (2) 4.4 drawings √√ (2) 4.5 budget √√ (2) [10] TOTAL SECTION A: 60 Copyright reserved Please turn over

Downloaded from hlayiso.com (EC/NOVEMBER 2016) ECONOMIC AND MANAGEMENT SCIENCES 3 SECTION B: THE ECONOMY QUESTION 5 5.1 COLLECTIVE BARGAINING A system where one person or a small group of people negotiate on behalf of a large group where are all trade union members. √√ (2) 5.2 Wages and working conditions. √√ (2) 5.3 Answers of learners may vary, but must include following key concepts: - The leaders are usually well vested with legislation that affect workers. √ - The belief is that if workers √ negotiate as a large group, √ employers will be more willing √ to listen to them. - Trade unions are legally recognised. √ (Any 4 x 1) (4) 5.4 - 1922 major strike was started by white mineworkers is South Africa √ - Blacks were not allowed to join trade unions by then. √ - 1940‒1946 … increase in trade union strikes; there was a major strike by black mineworkers. √ - 1955‒1956 SACTU (South African Congress of Trade Unions) was formed) √ - Council of Non-European Trade Unions also emerged √ - These unions worked with ANC (African National Congress) √ - 1973 Biggest strike in Durban led to Black Labour Relations Amendment Act of 973. √ - The Act served to prevent exploitation of Black workers. √ - 1979 – The Black trade unions registered and were allowed to organise workers legally. √ - 1982 NUM (National Union of Mine workers) was formed. √ - 1985 – COSATU (Congress of South African Trade Unions) was formed and became a political force. √ - The unions put pressure on the apartheid government to change. √ This action led to the unbanning of political organisations. √ - 1990: COSATU, ANC and SACP (South African Communist Party) formed a tripartite alliance. √ - 1994 elections led to the formation of NEDLAC (National Economic Development Labour Council). √ - NEDLAC consisted of COSATU, FEDUSA and NACTU. √ (Any 8 x 1) (8) 5.5 During the apartheid era, from 1948 to 1994, trade unions played an important role in the economic and political struggle that brought about democracy. √ In1985 many small trade unions joined together to form the Congress of South African Trade Unions (COSATU), √ which joined another organisation called the United Democratic Front (UDF). √ Together they part of the Mass Democratic Movement (UDM), which was a huge formation of groups opposed to apartheid. √ In August 1992, three million workers joined a strike action in support of peace and democracy. √ It was regarded as the biggest strike action ever in South Africa. √ (Any 2 x 1) (2) Copyright reserved Please turn over

Downloaded from hlayiso.com 4 ECONOMIC AND MANAGEMENT SCIENCES (EC/NOVEMBER 2016) 5.6  Learners to give their own examples. They are to mention that trade unions make for an educated workforce √ that is respected and encouraged to improve their skills. √ They ensure healthy dialogue between workers and employers √ in an environment where the rights of employers and employees are protected by law. √  By protecting the rights of employers and employees, trade unions contribute to sustainable growth and development. √ A business that exploits its workers, is not growing and developing sustainably. √ A business that respects its workers and develops their skills √ is creating a climate for sustainable growth and development. √  Large trade unions can put a lot of pressure on the government to spend money on projects and services that will bring growth and development. √ For example, spending more money on improving infrastructure will create many new jobs and help develop transport and communication networks, which are necessary for growth. √  They can urge the government to increase spending on skills training for workers. √ For example, the government has introduced a system called Skills Education and Training Authorities (SETA’s), which help train workers in a variety of industries. √  They ensure that workers are paid fair wages for their work √ and this improves productivity in the workplace, √ which adds to growth. √  They ensure good working conditions and safety in the workplace √ and this also improves productivity. √  Through negotiations they can settle disputes in an orderly manner with employers.√ This reduces disruptions to work that would occur if workers were negotiating as individuals. √ (Any 8 x 1) (8) 5.7 5.7.1 Government √√ 5.7.2 Financial institutions √√ 5.7.3 Households √√ 5.7.4 Financial institutions √√ 5.7.5 Businesses √√ 5.7.6 Households √√ 5.7.7 Financial institutions √√ (7 x 2) (14) TOTAL SECTION B: 40 Copyright reserved Please turn over

Downloaded from hlayiso.com (EC/NOVEMBER 2016) ECONOMIC AND MANAGEMENT SCIENCES 5 SECTION C QUESTION 6 6.1 Journals 6.1.1 CASH RECEIPTS JOURNAL OF ROSENBERG TRADERS FOR MAY 2015 Doc. Day Details Analysis Bank Sales Cost of Debtors Sundry Accounts No. of sales Control receipts Amount Details 446 01 A. Rosenberg 19 600 19 600,00 √ Capital √ 447 Duzi 1 200,00 20 800√ 1 200,00 √ Rent Properties income √ 448 10 L. May 2 614,80 2 614,80 √ 449 M. Solomon 5 525,00 8 139,80√ 5 525,00 √ CRR 14 Sales 1 809,00 1 809,00√ 1 340,00√ 450 S. Fontana 1 500,00 3 309,00√ 1 500,00√ 32 248,80 1 809,00 1 340 9 639,80 20 800 (12) 6.1.2 CASH PAYMENTS JOURNAL OF ROSENBERG TRADERS FOR MAY 2015 Doc. Day Details Bank Trading Wages Creditors Sundry Accounts no. Stock Control Amount Details 313 02 Chowan 6 653,00√ 6 600√ 53,00√ Stationery√ 314 09 Cash 2 650,00√ 2 650,00√ 315 23 C. Beku 2 660,00√ 2 660,00√ 316 28 Solo 320,00√ 320,00√ Drawings√ Insurers 317 31 City 1 008,00√ 356,00√ Water and Council electricity√ 652,00√√ Drawings√ 13 291 6 600 2 650 2 660 1 381 (16) 6.1.3 DEBTORS JOURNAL OF ROSENBERG TRADERS FOR MAY 2015 Doc. Day Debtor Fol. Sales Cost of Sales No. 91 03 L. May D1 894 60√ 497 00√ 92 08 S. Fontana D2 1 429 20√ 794 00√ 93 L. May D1 934 20√ 519 00√ 94 22 M. Solomon D3 1 548 00√ 860 00√ 4 806 00 2 670 00 (8 ÷ 2) (4) Copyright reserved Please turn over

Downloaded from hlayiso.com 6 ECONOMIC AND MANAGEMENT SCIENCES (EC/NOVEMBER 2016) 6.1.4 CREDITORS JOURNAL OF ROSENBERG TRADERS FOR MAY 2015 Doc Day Creditor Fol. Creditors Trading Sundry accounts no Control Stock 146 04 C. Beku C1 650,00√ 650,00√ Amount Fol. Details 147 12 A. Botha C2 1 800,00√ 1 800,00√ 148 26 A. Botha C2 2 266,00√ 1 334,00√ Packing 932,00√ Material√ 4 716 3 784 932,00 (8 ÷ 2) (4) 6.2 GENERAL LEDGER OF ROSENBERG TRADERS BALANCE SHEET ACCOUNTS SECTION: 6.2.1 Dr CAPITAL (B1) Cr 2015 2015 May 01 Balance b/d 160 400,00√ Bank CRJ 19 600,00√ 180 000,00√ (3) 6.2.2 Dr TRADING STOCK (B2) Cr 2015 2015 May 01 Balance b/d 34 354√ May 31 Cost of CRJ 1 340,00√ sales 31 Bank CP 6 600√ Cost of DJ 2 670,00√ J sales Creditor CJ 3 784√ Balance c/d 40 728,00√ s control 44 738√ 44 738,00 2015 Jun 01 Balance b/d 40 728√ (ww) (8) Copyright reserved Please turn over

Downloaded from hlayiso.com (EC/NOVEMBER 2016) ECONOMIC AND MANAGEMENT SCIENCES 7 6.2.3 Dr DEBTORS CONTROL (B3) Cr 2015 2015 May 01 Balance b/d 9 062,00√ May 31 Bank CRJ 9 639,80√ 31 Sales 4 806,00√ Balance c/d 4 228,20√ 13 868,00 13 868,00 2015 Jun 01 Balance b/d 4 228,20√ (ww) (5) 6.3 DEBTORS LEDGER OF ROSENBERG TRADERS 6.3.1 S.FONTANA (D2 Date Details/Document Fol. Debit(+) Credit(-) Balance 2015 May 01 Account 1 230 00√ rendered√ 08 Invoice no. 92√ 1 429 20√ 2 659 20√ 14 Receipt no. 450√ 1 500√ 00 1 159 20√ (8 ÷ 2) (4) 6.4 CREDITORS LEDGER OF ROSENBERG TRADERS 6.4.1 A BOTHA (C2 Date Details/Document Fol. Debit(-) Credit(+) Balance 2015 May 01 Account 1 650 00√ rendered√ 12 Invoice no. 147√ 1 800 00 3 450 00√ 26 Invoice no. 148√ 2 266 00 5 716 00√ (8 ÷ 2) (4) TOTAL SECTION C: 60 Copyright reserved Please turn over

Downloaded from hlayiso.com 8 ECONOMIC AND MANAGEMENT SCIENCES (EC/NOVEMBER 2016) SECTION D: ENTREPRENEURSHIP QUESTION 7 7.1 7.1.1 Marketing √ 7.1.2 Public relations √ 7.1.3 General management √ 7.1.4 Human resources √ 7.1.5 Administration √ 7.1.6 Purchasing √ 7.1.7 Production √ 7.1.8 Finance √ NOTE: The learner’s answers must be in the correct order. (8) 7.2 Organisation chart showing the XD Clothing Company business functions Xolisa Dumani, √ CEO √ General management function√ Financial function√√ Human resources Public relations function√√ function√√ Purchasing function√√ Production Marketing function√√ function √√ Administration function√√ √√ = correct layout tion Copyright reserved Please turn over

Downloaded from hlayiso.com (EC/NOVEMBER 2016) ECONOMIC AND MANAGEMENT SCIENCES 9 7.3 Risk management √√ (2) 7.4 Working parents √ with young children √ at home. This consumer market can afford √ to spend money on good quality children’s clothing. Grandparents might be a significant portion of the target market. √ (4) 7.5 7.5.1 Public Relations √ ‒ the company makes clothes for children. √ (2) 7.5.2 So this a good Public Relations opportunity √ as early childcare is a critical development stage in young children √ and targeting this area √ is a good social investment strategy for XD Clothing Company. √ (4) TOTAL SECTION D: 40 GRANDTOTAL: 200 Copyright reserved Please turn over