Grade 7 EMS November Test + Memo
About this resource
Help your Grade 7 learner prepare for their Term 4 November Economic & Management Sciences (EMS) assessmentwith this comprehensive 100-mark practice test, complete with a full memorandum. The test has a duration of 2 hoursand covers Financial Literacy, Entrepreneurship and the Economy.
The test covers:
- Banking services
- Mortgages, credit cards and fixed deposits
- Internet banking
- Personal savings and interest
- Functions of money
- Savings accounts and good saving habits
- Assets, liabilities and net worth
- Drawing up a Statement of Net Worth
- Income, expenses and budgeting
- Entrepreneurs and entrepreneurship
- Characteristics and skills of successful entrepreneurs
- Buying, producing, selling and making a profit
- Business challenges and marketing
- Resources and sustainability
- Factors of production
- Inputs and outputs
- Economic growth and productivity
- Primary, secondary and tertiary stages of production
Total: 100 marks | Duration: 2 hours | Full memorandum included | PDF format.
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