GRADE 8 ECONOMIC MANAGEMENT SCIENCES

YEAR-END EXAMINATION

ANSWER BOOKLET
NAME OF LEARNER:_______________________________________________

TOPIC LO:AS MARK MARK TIME

ACHIEVED AVAILABLE
1 Cash Journals LO 3 30 21
2 Accounting equation LO 3 24 17
3 Wages & salaries LO 3 26 18
4 Employment legislation LO 3 12 9
5 Trade Unions LO 1 20 14
6 Savings & investment LO 2 52 37
7 Inflation LO 1 6 4
TOTALS 170 120
MINUTES

Grade 8 Economic Management Science November Examination 2010 Page 1

QUESTION 1 CASH JOURNALS (30 marks;
21minutes)

Cash receipts journal of FERTIG’s Stores

D D Details Analysis
o a of Bank Sales Cost of Sundry accounts
c y receipts Sales Details Amount

Cash payments journal of FERTIG’s Stores

D D Name of payee
o a Bank Trading Stationery Sundry accounts
c y stock Details Amount

Grade 8 Economic Management Science November Examination 2010 Page 2

QUESTION 2 ACCOUNTING EQUATION (24 marks; 17
minutes)

ACCOUNTING EQUATION
ASSETS OWNER’S EQUITY LIABILITIES

EFFECT REASON EFFECT REASON EFFEC REASON

Grade 8 Economic Management Science November Examination 2010 Page 3

QUESTION 3 WAGES AND SALARIES (26 marks; 18
minutes)

3.1

3.2

3.3

3.4

3.5

3.6

3.7

3.8

3.9

3.10

3.11

3.12

3.13

Grade 8 Economic Management Science November Examination 2010 Page 4

QUESTION 4 EMPLOYMENT LEGISLATION (12 marks; 9
minutes)

Mr Peter is treating Kgosietsile unfairly and is breaking a number of employment laws.

Explain SIX ways in which Mr Peter is breaking the law according to the Basic Conditions
of Employment Act.
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Grade 8 Economic Management Science November Examination 2010 Page 5

QUESTION 5 TRADE UNIONS (20marks; 14
minutes)

5.1

5.2

5.3

5.4

5.5

5.6

5.7

5.8

QUESTION 6 SAVINGS AND INVESTMENT (52 marks; 37

minutes)
6.1

6.2

Grade 8 Economic Management Science November Examination 2010 Page 6

6.3.1

6.3.2
A

COMPOUND INTEREST

6.3.3
B

SIMPLE INTEREST

6.3.1

6.3.2

6.4.1

6.4.2

Grade 8 Economic Management Science November Examination 2010 Page 7

6.4.3

6.4.4

6.4.5

6.4.6

6.4.7

6.4.8

6.4.9

Grade 8 Economic Management Science November Examination 2010 Page 8

6.5.1 (a)

(b)

6.5.2

6.5.3 (a)

(b)

6.5.4

Grade 8 Economic Management Science November Examination 2010 Page 9

QUESTION 7 INFLATION (6 marks;
minutes)

7.1

7.2

7.3

Grade 8 Economic Management Science November Examination 2010 Page 10