Economics Management and Science Grade 7 Term 2 June Past Papers and Memos

1. Q1 Multiple ChoiceChoose the correct answer and write only the letter (A–D) in the space provided
2. Q2 Match the ColumnsMatch Column A with Column B. Write only the correct matching LETTER.
3. Q3 Fill in the BlanksComplete the following sentences by filling in the blanks with the words provided below.
4. Q4 Define the Following TermsDefinition the following terms:
5. Q5 Case Study – Assets, Liabilities & Net WorthBelow is a list of Mikes possessions and debts:
6. Q6 Case Study –SectorsThe wood business in South Africa is essential for the economy, covering all three sectors: Primary,
7. Q7 Case Study – Profit and LossJane runs a bakery. During March, she made R12 000 in total sales. Her expenses were as follows:
8. Q8 Case Study – Personal BudgetNeo earns R6 000 per month. His expenses are:

1. Q1 1.1 Various options are provided as possible answers to the following questions. 5 marks
2. Q2 NO. Business / Organisation Goods or Service
3. Q3 South Africa? What caused these socio-economic imbalances that

1. Q1 Match the statement in column A with the corresponding answer in column B.
2. Q2 Fill in the Correct WordFill in the missing word. Use the words in the block below to complete the
3. Q3 True/FalseState where the following statements are TRUE or FALSE. Write only the answer
4. Q4 Multiple ChoiceChoose the correct answer from the choices given underline the correct answer.
5. Q5 History of MoneyDeifne the following terms:
6. Q6 Needs and Wants6.1 What are primary and secondary needs? (4)
7. Q7 Goods and Services7.1 Read the information below and answer the questions that follow.
8. Q8 Accounting Concepts8.1. Explain the following concepts:
9. Q9 Income and ExpenseRead the following scenario and work out the Statement of Net Worth for Peter Pan.
10. Q10 BudgetsUse the information below to complete the budget for Miss Amy Spark.

Instructions to candidates

1. This paper is made up of 3 sections:  Section A: All Topics (30 marks)  Section B: The Economy (25 marks) /100  Section C: Financial Literacy (45 marks)
2. Answer all questions, on the question paper.
3. Read each question carefully and answer according to the mark allocation.
4. Write neatly and legibly.

1. Q1 1. Ruilhandel a). Netto staat of begroting.
2. Q2 Vul die Ontbrekende Woorde in2.1. In enige besigheid word bates verdeel in twee afsonderlike komponente naamlik,
3. Q3 3.1. OTM (Outomatiese Teller Masjien) is ʼn voorbeeld van elektroniese bankdienste. (1) 3 marks
4. Q4 Lees die Volgende Gevallestudie en Beantwoord die Vrae WatHelena se besigheid: 15 marks
5. Q5 Inkomstes en Uitgawes5.1 Wat is jou besigheid se naam? (1)
6. Q6 Netto StaatGebruik die inligting in die tabel om die vraag te beantwoord. 60 marks