Datum / Date: SEPTEMBER 2024
Tyd / Time: 1 hour
Punte / Marks: 50
Graad / 8
Grade:
Vak / Subject: EMS – Economics
Vraestel / 2
Paper:
Naam en Van / Name and
Surname:
Algemene instruksies vir die skryf van toetse | General instructions for the
writing of exams:
1. Quickly scan through your entire paper.
2. Read the question twice before you begin.
3. Make sure to answer ALL questions.
4. Write neatly and legibly.
5. If you struggle too much with a question, move on to the next one and return
once you have answered all the other questions.
6. If the question calls for a longer answer, plan before you start writing.
7. For any answer longer than 1-2 words, always write in full sentences.
8. If you make a mistake, cross it out clearly with a single, neat line and write the
correct answer instead.
9. Number the answers correctly according to the numbering system used in this
question paper.
10. Present your answers according to the instructions for each question.
Good luck with your exam!
Topics covered in this paper:
Forms of ownership
Markets
Bl / Pg 1/6 www.summariessa.co.za Opsteller / DAN SMI
Author:
Graad / 8 Vak / EMS - Datum / Date: SEPT 2024
Grade: Subject: Economics
, QUESTION 1
1.1 Various options are provided as possible answers. Choose the
correct answer and only write the correct answer next to the
question number.
1.1.1 Which of the following is a characteristic of a sole trader?
A. The business has unlimited continuity.
B. The business has limited liability.
C. The business is owned and managed by one person.
D. The business requires complex legal formalities to establish.
1.1.2 In a partnership, partners have:
A. Limited liability
B. Unlimited liability
C. No liability
D. Liability only for their personal contributions
1.1.3 Which of the following is true for a private company?
A. It can sell shares to the public.
B. It is required to audit its financial statements.
C. It has a legal personality and unlimited continuity.
D. It must have a minimum of three directors.
1.1.4 A public company:
A. Cannot list its shares on the Johannesburg Securities
Exchange (JSE).
B. Requires a minimum of one director.
C. Has shareholders with unlimited liability.
D. Must hold an Annual General Meeting (AGM).
Bl / Pg 2/6 www.summariessa.co.za Opsteller / DAN SMI
Author:
Graad / 8 Vak / EMS - Datum / Date: SEPT 2024
Grade: Subject: Economics
Tyd / Time: 1 hour
Punte / Marks: 50
Graad / 8
Grade:
Vak / Subject: EMS – Economics
Vraestel / 2
Paper:
Naam en Van / Name and
Surname:
Algemene instruksies vir die skryf van toetse | General instructions for the
writing of exams:
1. Quickly scan through your entire paper.
2. Read the question twice before you begin.
3. Make sure to answer ALL questions.
4. Write neatly and legibly.
5. If you struggle too much with a question, move on to the next one and return
once you have answered all the other questions.
6. If the question calls for a longer answer, plan before you start writing.
7. For any answer longer than 1-2 words, always write in full sentences.
8. If you make a mistake, cross it out clearly with a single, neat line and write the
correct answer instead.
9. Number the answers correctly according to the numbering system used in this
question paper.
10. Present your answers according to the instructions for each question.
Good luck with your exam!
Topics covered in this paper:
Forms of ownership
Markets
Bl / Pg 1/6 www.summariessa.co.za Opsteller / DAN SMI
Author:
Graad / 8 Vak / EMS - Datum / Date: SEPT 2024
Grade: Subject: Economics
, QUESTION 1
1.1 Various options are provided as possible answers. Choose the
correct answer and only write the correct answer next to the
question number.
1.1.1 Which of the following is a characteristic of a sole trader?
A. The business has unlimited continuity.
B. The business has limited liability.
C. The business is owned and managed by one person.
D. The business requires complex legal formalities to establish.
1.1.2 In a partnership, partners have:
A. Limited liability
B. Unlimited liability
C. No liability
D. Liability only for their personal contributions
1.1.3 Which of the following is true for a private company?
A. It can sell shares to the public.
B. It is required to audit its financial statements.
C. It has a legal personality and unlimited continuity.
D. It must have a minimum of three directors.
1.1.4 A public company:
A. Cannot list its shares on the Johannesburg Securities
Exchange (JSE).
B. Requires a minimum of one director.
C. Has shareholders with unlimited liability.
D. Must hold an Annual General Meeting (AGM).
Bl / Pg 2/6 www.summariessa.co.za Opsteller / DAN SMI
Author:
Graad / 8 Vak / EMS - Datum / Date: SEPT 2024
Grade: Subject: Economics
