Saraswati Vidya Niketan

Vyasa Purnima End of Term Examinations

BUSINESS EDUCATION (POB) – QUESTION PAPER - YuvitaJi
Name: ____________________________ Date: Thurs, 8th Dec, 2022
Class: Grade 9 D L S Time: 1 ½ hours
Good Luck
Instructions: Answer ALL questions.

1. Money is: (6 marks)

True False Characteristics and functions

A. Difficult to carry around
B. Maintains its value when it is difficult to
acquire
C. Saved while goods often cannot be saved
D. Makes barter necessary
E. Often standardized in appearance
F. Not a standard for postponed payments

2. Match the functions of a manager on the right with the explanations on the left. (4 marks)
1. Assigning different tasks to different employees in order to accomplish aa) A. Delegating
goal. b) B. Directing
2. Convincing employees to always give their best effort. c) C. Coordinating
d) D. Organizing
3. Outlining targets and providing guidance to ensure that goals are met. e) E. Planning
f) F. Controlling
4. Mapping out the steps necessary to reach a goal. g) G. Motivating

3. Write the correct response for the following questions. (10 marks)

A. The action of leading is known as? ____________________________ (1 mark)

B. Which leadership style is described as a ‘loose management style’? ____________________ (1 mark)
C. Give 2 sources of conflict in an organization. ________________________________________ (2 marks)
D. State the economic systems. (4 marks)
_________________________________________________________________________________________
E. Differentiate between shareholder and stakeholder. (2 marks)
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
4. Give the correct term for the following descriptions. (5 marks)

A. Any transfer of funds or payment that is made electronically – __________________________.

B. A way to send funds from one bank account to another anywhere in the world – __________________.
C. This cheque has two vertical lines are drawn on the cheque – _____________________
D. Companies that are owned by private shareholders and whose shares are not openly traded on a
stock exchange – ______________________
E. This functional area is concerned with managing and motivating people in an organization –
______________________________

5. Complete the following sentences by inserting the missing words from the list below. (18 marks)

Draft m-money money PIN debit cheque exchange

subsistence public royalties deed multinational barter identity
sole government profit Mixed shareholders

A. Free enterprises are run for _________________________.

B. The _____________ proprietor business is more likely to fail than any other type of business.
C. A partnership _________________ sets out the rights of each partner.
D. A limited liability company is said to have a separate corporate ________________.
E. A public company is owned by its ______________________.
F. A franchisee pays ______________ to the franchisor.
G. ________________ sector businesses are owned by all of the public.
H. A __________________ company operates internationally.
I. Early man lived in a _____________ economy.
J. A __________________- economy contains both public and private enterprises.
K. Barter is the exchange of one thing for another without the use of ___________.
L. Money is a medium of _______________.
M. A credit card requires a _________ to verify the card.
N. A ______________ card can be used to withdraw money from a cash point terminal.
O. A _______________ is an instruction to a bank to do something with a customer’s money.
P. A bank ___________ is a cheque drawn on the bank itself.
Q. Using a mobile phone to pay for products is referred to as ______________.
R. Early man lived in a ____________ economy.

6. Look at this incomplete organization chart of a medium-sized family-run firm that makes kitchen items for both
the home and the overseas market. There are 7 labels still to be entered. Choose them from the following.
(7 marks)

Sales Personnel Accounts Manager Research and Development

Accounts Department Factory Manager Marketing Manager
Export Sales Manager
 Managing Director

Personnel Director

Production Manager 1. Finance Manager

2. 3. Domestic Sales 4. 5.
Manager

Production Sales 6. 7.
Personnel Personnel

QUESTION 7 – MULTIPLE CHOICE. (5 MARKS)

1. The term ‘limited liability’ means

(A) The business cannot make a loss (B) Employees are insured against injury
(C) Shareholders are only liable for the money they invested
(D) The company cannot be sued for liability

2. Christopher believes that privatization is the same as nationalization. Do you agree?

(A) Yes, both involve major industries that are essential to the economy.
(B) No, nationalized companies are owned and managed by the government
(C) Yes, bonuses and profits encourage employees to work more efficiently
(D) No, privatized companies determine prices based on social considerations.

3. Money laundering is best described as

(A) Disguising the origins of money (C) The way accountants balance the books
(B) Discounts given to preferred customers (D)Pricing products incorrectly

4. The implementation of a tax on the use of plastic carrier bags would have an effect on:
(A) The environment (B) Retailers (C) Consumers (D) All of these

5. Which of the following best describes ethical business behaviour?

(A) Obeying the law (B) paying taxes (C) doing the right thing (D) accepting lower profits
END OF EXAM.