Economic And Management Sciences Grade 9 November GP 2016 QP

Downloaded from hlayiso.com Es) Ls GAUTENG PROVINCE )) G Lin iF" ares. CR Ou REPUBLIC OF SOUTH AFRICA GAUTENG DEPARTMENT OF EDUCATION PROVINCIAL EXAMINATION NOVEMBER 2016 GRADE 9 ECONOMIC AND MANAGEMENT SCIENCES MARKS: 200 TIME: 2 hours 19 pages ll x*1t4&* P.T.O.

Downloaded from hlayiso.com ECONOMIC AND MANAGEMENT SCIENCES 2 GRADE 9 GAUTENG DEPARTMENT OF EDUCATION PROVINCIAL EXAMINATION ECONOMIC AND MANAGEMENT SCIENCES MARKS: 200 TIME: 2 hours INSTRUCTIONS AND INFORMATION 1. This question paper consists of SECTION A, SECTION B, SECTION C and SECTION D based on the prescribed content framework in the CAPS document. SECTION A: ALL TOPICS QUESTION 1.1: Multiple-choice questions (20) [10x2 = 20] QUESTION 1.2: Word selection (10) [5x2 = 10] QUESTION 1.3: Matching items (20) [10x2 = 20] QUESTION 1.4: True or false (10) [5x2 = 10] [60] SECTION B: THE ECONOMY QUESTION 2: Economic systems (10) QUESTION 3: Circular flow (diagram) (10) QUESTION 4: Price theory (graph) (10) QUESTION 5: Trade unions (10) [40] SECTION C: FINANCIAL LITERACY QUESTION 6: Journals and ledgers (42) QUESTION 7: Ledgers (10) QUESTION 8: Trial balance (8) [60] SECTION D: ENTREPRENEURSHIP QUESTION 9: Economic sectors (12) QUESTION 10: Business functions (12) QUESTION 11: Business plan (16) [40] 2. All questions are COMPULSORY. 3. When answering questions, candidates must apply their knowledge, skills and insight. 4. Answer all questions (SECTIONS A — D) in the ANSWER BOOK provided. 5. Write neatly and legibly. 6. The use of non-programmable and non-graphical calculators is permissible. P.T.O.

Downloaded from hlayiso.com ECONOMIC AND MANAGEMENT SCIENCES 3 GRADE 9 SECTION A QUESTION 1 1.1 MULTIPLE-CHOICE QUESTIONS Various options are provided as possible answers to the following questions. Choose the answer and write only the letter (A — D) next to question number (1.1.1 — 1.1.10) in the ANSWER BOOK provided. 1.1.1... is an example of a business that buys and sells goods to make a profit. A Brother and Son Attorneys B Jossie’s Hair Salon Cc Rigang Wholesalers D Danny’s Plumbing (2) 1.1.2 | The trade union movement has historically played an important role in the struggle to gain ... A apartheid. B democracy. Cc collective bargaining. D affiliations. (2) 1.1.3 Data that hwas been processed into a useful form so that it can be used to make a decision about a specific issue is known as ... A information. B office automation. Cc capturing. D data. (2) 1.1.4 Joe Traders received R1 400 from Mr Botha in part payment of his account. Identify the two accounts that will be affected. A Account debited: Debtors’ allowances; Account credited: Debtors’ control B Account debited: Sales; Account credited: Cost of sales Cc Account debited: Cost of Sales; Account credited: Debtors’ allowances D Account debited: Bank; Account credited: Debtors’ control (2) P.T.O.

1.1.10 Downloaded from hlayiso.com ECONOMIC AND MANAGEMENT SCIENCES 4 GRADE 9 The three main participants in a closed economy are ... A households, firms and the foreign sector. B financial institutions, firms and households. Cc businesses, government and households. D state, households, businesses and the primary sector. (2) The ... plan describes how the business will be planned, organised and controlled. A management B financial Cc marketing D production (2) Due to the drought that South Africa has experienced, the cost of maize has ... while the supply will ... for South Africans. A decreased; decrease B increased; decrease Cc decreased; increase D increased; increase (2) Someone who owes money to the business is a ... A creditor. B liability. Cc supplier. D debtor. (2) The ... function is important in recruiting staff and maintaining staff motivation. A production B human resource Cc marketing D finance (2) Industries in the ... sector need the services of the tertiary sector to help them source their inputs, produce their products and sell their outputs. A secondary B household Cc primary D skilled (2) [20] P.T.O.

1.2 Downloaded from hlayiso.com ECONOMIC AND MANAGEMENT SCIENCES CHOOSE THE CORRECT WORD number (1.2.1 — 1.2.5) in the ANSWER BOOK. 1.2.1 ... provide labour in the circular flow model. 1.2.2 Sales less cost of sales equals ... . 1.2.3 The ... is a place where buyers meet sellers. 1.2.4 The National Credit Act was developed to protect ... . business. GRADE 9 5 Choose the correct word from the word bank below and complete the statements that follow. Write only the correct answer next to the question gross profit; consumers; market; households; business plan; cost price (2) (2) (2) (2) 1.2.5 A ... indicates the actions, goals and methods to achieve the goals of a (2) [10] P.T.O.

1.3 Downloaded from hlayiso.com ECONOMIC AND MANAGEMENT SCIENCES 6 GRADE 9 MATCHING ITEMS Match the description in COLUMN B with the terms in COLUMN A. Write only the correct letter (A — J) next to question number (1.3.1 — 1.3.10) in the ANSWER BOOK. COLUMN A COLUMN B 1.3.1 Economic problem A Somebody appointed when there is a disagreement, to hear both sides of the 1.3.2 Variable cost story and to then make a decision to resolve the situation in the workplace 1.3.3 Debit note B_ Accounting books in which 1.3.4 Arbitrator transactions are summarised and eventually recorded in the general 1.3.5 Circular flow model ledger 1.3.6 Factor market C The total output that the manufacturing department is expected to produce in a 1.3.7 Subsidiary journal specific period 1.3.8 Trading stock D Shops, service providers and professional offices that people go to 1.3.9 Production plan E Goods that are purchased so they can 1.3.10 Tertiary sector be resold at a profit F Source document used to enter transactions in the CAJ G Cost influenced by the level of production H The circulation of goods, services and income between producers and consumers I Employment and recruitment agencies J Working with limited resources to satisfy unlimited needs and desires [20] P.T.O.

14 Downloaded from hlayiso.com ECONOMIC AND MANAGEMENT SCIENCES TRUE OR FALSE or ‘false’ next to the question number. 1.4.1 1.4.2 1.4.3 1.4.4 1.4.5 going and to make it grow. transactions. total is posted to the debtor’s ledger only. research. GRADE 9 7 Indicate whether the following statements are TRUE or FALSE. Write only ‘true’ Entrepreneurship includes all the investments in a business to keep it (2) Invoices are source documents which are issued or received for credit (2) The workers at Marikana belong to the National Union of Mine Workers. (2) The Creditors’ Journal is closed off at the end of the month and the (2) Risk Management is responsible for the core business and is characterised by its role in identifying market needs through market (2) [10] TOTAL SECTION A: 60 P.T.O.

Downloaded from hlayiso.com ECONOMIC AND MANAGEMENT SCIENCES 8 GRADE 9 SECTION B —- THE ECONOMY QUESTION 2 - ECONOMIC SYSTEMS 2.1 State the economic systems for each of the following scenarios 2.1.1 My name is Alan Langley and | have always had a passion for delicious ice cream. | discovered a way to freeze ice cream into small dots. | patented the process for making the ice cream and built a plant to make enough ice cream to sell it internationally. 5am a ae at 2.1.2 My name is Rainhard Rodrigues. | have lived in Cuba all my life. | wanted to become a teacher. However, | worked for a large sugar producer that is owned by the government. The government decides when | work, where | work, and how much money | receive. 2.1.3 My name is Joel Peters. | own a toy factory. My employees use many sharp instruments to make the toys. Sometimes the Health and Safety Department officials visit my factory to make sure my thatemployees work in a safe environment. (3x1) (3) 2.2 Discuss TWO advantages of a planned economy. (2x2) (4) 2.3 Give THREE examples of South African businesses operating in other countries. (3) [10] P.T.O.

Downloaded from hlayiso.com ECONOMIC AND MANAGEMENT SCIENCES 9 GRADE 9 QUESTION 3 -CIRCULAR FLOW Study the following circular flow diagram before answering the questions. FACTOR MARKET GOVERNMENT LABOUR, oe SPENDING CAPITAL, < ETC. fo TAXES TAXES HOUSEHOLDS GOVERNMENT PUBLIC “—Goops AND ‘GOODS AND | SERVICES SERVICES of GOVERNMENT GOODS AND %, SERVICES SPENDING were & ry So GOODS AND SERVICES 3.1 Identify the remuneration of the four factors of production. (4x1) (4) 3.2 What kind of goods and services does the government provide to households and businesses? List at least TWO examples. (3x1) (3) 3.3 Discuss the flow of goods and services between households and businesses in a closed economy. (2x1) (2) 3.4 Choose the correct word from within the brackets. Write only your answer next to the question number in your ANSWER BOOK. (Services / Labour) includes the physical and mental work done by an employee. (1) [10] P.T.O.

Downloaded from hlayiso.com ECONOMIC AND MANAGEMENT SCIENCES 40 GRADE 9 QUESTION 4 - PRICE THEORY Leago Paper Traders purchase their raw materials from Harold Holmes Producers. The material is used to manufacture paper for printing. The following table represents the demand and supply for boxes of paper. MARKET DEMAND AND SUPPLY SCHEDULE FOR BOXES OF PAPER “a QUANTITY DEMAND QUANTITY SUPPLY 10 500 100 12 400 200 14 300 300 16 200 400 18 100 500 4.1 Use the above schedule to draw a demand and supply curve on the same axis. (7x1) (7) 4.2 Identify the equilibrium price. (1) 4.3 Briefly explain how the demand for paper will influence the price of paper. (2) [10] P.T.O.

Downloaded from hlayiso.com ECONOMIC AND MANAGEMENT SCIENCES GRADE 9 " QUESTION 5 —- TRADE UNIONS Read the article below and answer the questions that follow. Striking workers Pikitup today. Neo Goba / 4 December 2015 00:42 The South African Municipal Workers’ Union yesterday met City of Johannesburg officials to come up with resolutions regarding the mountains of rubbish piling up in the city. A decision to end the protest action follows intervention by Jacob Mamabolo, the MEC for the Gauteng Department of Co-operative Governance and Traditional Affairs. “After a series of meetings and consultation with our members, we have decided to end the protest action at Pikitup,” said Papikie Mohale, SAMWU’s national spokesman. Speaking to The Times Mohale said: “There’s going to be a facilitation process led by an advocate. The city manager will then look into the salary disparities for all workers within the City of Johannesburg and we expect this process to be completed in two weeks. “The protest action was not necessarily about salaries; it was about salary disparities, including the working conditions of our members, and the use of casual workers,” Mohale said. Last week, SAMWU’s Gauteng regional chairman, Conel MacKay, said the union had two demands -— that Pikitup managing director Amanda Nair must go, and inconsistent salary payments “be rectified”. Source: m.timeslive.co.za 5.1 5.2 5.3 5.4 5.1.1 According to the article, who the MEC for the Gauteng Department of Co-operative Governance and Traditional Affairs? (1) 5.1.2 Discuss ONE of SAMWU’s roles, based on the article. (2) 5.1.3 List the TWO demands that the trade union presented to the employers. (2x1) (2) Define the term collective bargaining. (2) Give the meaning of the following acronyms. 5.3.1. SADTU (1) 5.3.2. SAMWU (1) Name the largest trade union federation in South Africa. ito} TOTAL SECTION B: 40 P.T.O.

Downloaded from hlayiso.com ECONOMIC AND MANAGEMENT SCIENCES GRADE 9 12 SECTION C FINANCIAL LITERACY QUESTION 6 —- JOURNALS AND LEDGERS On 1 October 2016, M. Kader opened his business, MK Furnitures. The business uses a mark-up of 50% on cost price. INFORMATION Use the information provided to record the transactions in the following journals: 6.1 6.2 6.3 6.4 6.5 6.6 6.7 Cash Receipts Journal with analysis columns for Analysis of Receipts; Bank; Sales; Cost of Sales; Debtors' Control and Sundry Accounts (8) Cash Payments Journal with analysis columns for Bank; Trading Stock, Creditors’ Control and Sundry Accounts (6) Debtors' Journal with columns for Sales and Cost of Sales (6) Debtors' Allowances Journal with columns for Debtors' Allowances and Cost of Sales. (5) Creditors' Journal with columns for Creditors' Control, Packing Material and Sundry Accounts (6) Creditors’ Allowances Journal with columns for Creditors' Control; Packing Material and Sundry Accounts (4) Draw up the ledger account of the creditor below. (7) IMPORTANT: DO NOT close off the journals on the 31 October 2016. Opening Balances for the 1 October 2016: Debtors’ List Creditors’ List Cain Du Pont R_ 3120 Goodmans Retailers R14 200 H. van Wyk R23 450 P.T.O.

Downloaded from hlayiso.com ECONOMIC AND MANAGEMENT SCIENCES 13 GRADE 9 TRANSACTIONS FOR OCTOBER 2016: 05 07 11 16 20 25 Cash Sales of stock as per cash register roll amounted to R2 394 with a (CRT 101) Cost of R1 596. Invoice 90 was received from Goodmans Retailers for R5 230. This was for packing material of R3 102 and the rest was for consumable stores. Cain Du Pont was unhappy with some of his goods and returned them. Credit Note 51 for R1 287 was issued. Issued cheque 61 to Leonard’s Traders for trading stock bought, R23 860. A cheque was issued to Goodmans Retailers to settle the outstanding balance at the beginning of the month. Debit Note 11 was issued to Goodmans Retailers for R1 390 for packing material that was damaged. Issued an invoice to H. van Wyk for goods costing R2 390 on account. Received a cheque from H. van Wyk for R2 890 in part settlement of her account. Issued receipt 621. [42] P.T.O.

Downloaded from hlayiso.com ECONOMIC AND MANAGEMENT SCIENCES 14 GRADE 9 QUESTION 7 —- GENERAL LEDGER At the beginning of August 2016, Jays Stores had the following balance in their books: General Ledger Trading Stock: R20 719 REQUIRED 7.1 Open the Trading Stock account and post the completed journals to the account. 7.2 Balance the account at the end of August 2016. Cash Receipts Journal of Jays Stores — August 2016 CRJ9 Doc | Day Details Fol Analysis Bank Sales Cost of Sundry Account no. of Sales A Fol Detail Receipts mount [Fo etails 37 315 7 660 4475 16 850 B6 N1 N2/B4 BS Cash Payments Journal of Jays Stores — August 2016 CPJ 9 Doc Day | Name of Fol Bank Trading | Creditors'| Wages Sundry Account no. Payee Stock Control Amount | Fol | Details 29 114 9 880 5179 2.000 12 055 B6 B4 B7 N3 Debtors' Journal of Jays Stores — August 2016 DJ9 Doc Day Name of Debtor Fol Sales Cost of no. Sales 11 390 7 593 BS/N1 N2/B5 Debtors' Allowances Journal of Jays Stores — August 2016 DAJ9 Doc Day Name of Debtor Fol Sales Cost of no. Sales 1902 893 P.T.O.

Downloaded from hlayiso.com ECONOMIC AND MANAGEMENT SCIENCES GRADE 9 18 Creditors’ Journal of Jays Stores — August 2016 CJ9 Inv. Day | Creditor Fol | Creditors' | Trading | Consu- Sundry Account no. Control Stock mables Amount Fol Details 9778 8 367 1 037 374 B7 B4 N5 Creditors’ Allowance Journal of Jays Stores — August 2016 CAJ9 Debit | Day | Creditor Fol | Creditors’ | Trading | Consu- Sundry Account Note Control Stock mables Amount Fol Details 1 240 510 580 150 B7 B4 N5 [10] QUESTION 8 — TRIAL BALANCE Use the accounts and amounts below to complete the Trial Balance of Danyaal’s Traders on the 31 July 2016. Complete the Trial Balance on the template provided in your ANSWER BOOK. INFORMATION Telephone R 445 Sales R 9681 Rent income R350 Equipment R 5500 Creditors Control R 3200 Cost of sales R 7095 Capital R 10 000 Bank R 10 191 (dr) [8] TOTAL SECTION C: 60 P.T.O.

Downloaded from hlayiso.com ECONOMIC AND MANAGEMENT SCIENCES 16 GRADE 9 SECTION D ENTREPRENEURSHIP QUESTION 9 —- SECTORS IN THE ECONOMY Study the pictures below and answer the questions that follow. Picture 1 Picture 2 Picture 3 9.1 Identify each sector in the pictures above. (3) 9.2 Briefly discuss what skills are needed from each sector mentioned in Question 9.1. (6) 9.3 Name the “3Rs” which businesses need to consider when using resources sustainably. (3) Remember the 3 Rs ... Reduce — Reuse — Recycle! [12] P.T.O.

Downloaded from hlayiso.com ECONOMIC AND MANAGEMENT SCIENCES 47 GRADE 9 QUESTION 10 — FUNCTIONS OF A BUSINESS 10.1 Look at the following scenarios below and identify each function mentioned in the business. 10.1.1 In our department at Perfect Design, we are responsible for buying everything that the business needs. 10.1.2 One of the departments in Perfect Design has to decide what quality, types and colours of fabrics, thread and buttons they need and what quantity. 10.1.3 Janet works in the department that decides where Perfect Design is going to get money. 10.1.4 Naledi is the owner of Perfect Design. Naledi employed 12 people in different functions in the business. Naledi is hardworking and very driven, always striving to improve on the quality of the clothes they produce and the service they provide. (4) 10.2 Study the pictures below before answering the question that follows. 4Ps of the Marketing Mix Identify the “4 Ps” depicted in the image above. (4) P.T.O.

Downloaded from hlayiso.com ECONOMIC AND MANAGEMENT SCIENCES GRADE 9 18 10.3 Perfect Design needs to market / promote their clothes, which they advertise in the local newspaper and on posters around town. Using the image below, briefly discuss what a good advertisement should be able to do. ATTENTION Headline — makes declaration “BELIEVE ME. IT’S INTEREST GOOD AT U-TURNS” Illustration / Visuals Displays product and presents a pleasing reality. Invites target audience to take ACTION. (4) [12] Sub-Headline creates emphasis Body copy * vivid * concise * readable P.T.O.

Downloaded from hlayiso.com ECONOMIC AND MANAGEMENT SCIENCES 49 GRADE 9 QUESTION 11 — THE BUSINESS PLAN 11.1. Discuss the main purpose of a business plan. (2) 11.2 List at least SIX essential items that the format of a good business plan should have. (6) 11.3 Read the case study below before answering the question that follows. (2 ) KIDZ Clothing Company We are ina profitable market in a rapidly growing economy. We have the ability to respond quickly to what the market requires and to provide quality children's clothing in a growing market. Our key personnel have a thorough knowledge of the local retail market and expertise that will assist us in penetrating the target market. However, we recognise our challenge in being a new, medium-sized company targeting an established children’s clothing market. dominated by (2 experienced competitors. Complete a SWOT analysis for KIDZ Clothing Company and list ONE component for each section. (4x2) (8) [16] TOTAL SECTION D: 40 TOTAL: 200 END

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