FORMAL ASSESSMENTS

                            Victory Primary School

NAME………………………………

DATE………………………………..

FORMAL ASSESSMENT: EMS ASSIGNMENT NO: 1  THE ECONOMY               

GUIDLINE FOR THIS ASSIGNMENT:                                                                      30 MARKS

·         A variety of different assignment questions have been provided together with their assessment tools. The assessment tools take the form of memoranda.

·         This assignment will cover work that has been completed up to week 5 of the annual teaching programme which means it will only cover the following sections namely: history of money and Needs and Wants.

POSSIBLE ASSIGNMENT QUESTIONS

SAMPLE 1

·         Make a list of 5 South African banknotes and say what it represented on each. Present your answer in the following table:          [5*3]                                     =15

Banknote	Represented on it

·         Compare the needs of a Kalahari Bushman with those of a modem but businessman. Present your answer in the following table.                [5*3]                                              =15

Kalahari Bushman	Modern businessman

                                                                                                                                                                                                                                                                                              TOTAL [30]

                            Victory Primary School
NAME ……………………………………

DATE …………………………………..

FORMAL ASSESSMENT: EMS ACTIVITY 3

TOPIC:  USING GOODS SERVICE EFFICIENTLY AND EFFECTIVELY

1.      Write a list of 10 products that are used by your family every day.

2.      Divide this list into goods and services.

3.      Which of the goods on your list come in recyclable packaging?

4.      Why does it benefit your house hold if goods and services are products efficiently and effectively?

5.      Why should everyone in your household try to use goods and services efficiently and effectively?

6.      Which person in your household are involved in producing goods and services?

Study quiz

Mach your words in Column A with the definition in Column B. write your answers in your exercise book.

COLUMN A	COLUMN B
1.Goods	a. A job you pay someone else to do for you, such as washing your car.
2.Recycle	b. People who are involved in making a product, in a business, to sell.
3.Perishable	c. A person or group of people who live in the same house.
4.Household	d. Goods which are usually quite expensive, that are used by businesses to make their own products to sell.
5.Consumer	e. products from nature used in the production of other products, such as wood to make furniture.
6 Capital goods	f. goods that are bought that will be consumed fairly quickly.
7.Service	g. a product that can be touched, such as bag of apples.
8.Producers	h. rots quickly
9.Natural resources	i. use products that usually would be thrown away, sometimes for a very different purpose
10.Consumer goods	j. a person that buys products from an individual or business.