OTE2601 Assignment 3 (COMPLETE ANSWERS) Semester 1 2025 - DUE 8 July 2025; 100% correct solutions and explanations.

OTE2601 Assignment 3 (COMPLETE ANSWERS) Semester 1 2025 - DUE 8 July 2025; 100% correct solutions and explanations. QUESTION 1 Stokvels are popular and even banks offer stokvel options. Opening a stokvel account with a bank provides members with the security they do not get with informal stokvels. Compare the stokvel account from FNB or Standard Bank with the stokvel account of ABSA or Nedbank. In your answer, elaborate on the types and roles of various stokvels. (25) QUESTION 2 Suppose a flea market is arranged at your Ndamulelo High School. You, as the Economic and Management Sciences teacher, are responsible for taking a group of Grade 7 learners through the arrangements before, during and after the event. Discuss your vital role focussing on the merits or demerits of each of the following headings: 2.1 Before the flea market (8) 2.2 During the flea market (9) 2.3 After the flea market (8) QUESTION 3 Apart from storytelling, in a Grade of your choice, indicate how you would demonstrate your experience as a senior teacher in Economics and Management Sciences at Mutendwahothe High School. Discuss how you will use any five teaching and learning methods to train and develop entrepreneurs in the school? Which of the five methods do you regard as the best? Choose one and substantiate on your argument. (25) QUESTION 4 The financial management of a business is generally concerned with procurement, allocation and the control of financial resources. Illustrate how and why you will use any five of the financial management functions listed below: 4.1 Estimation of capital requirements (5) 4.2 Determination of capital composition (5) 4.3 Choice of sources or funds (5) 4.4 Investment of funds (5) 4.5 Disposal of surplus (5) 4.6 Management of cash (5) 4.7 Financial controls (5)