Grade 7 EMS Term 1 Test 2 + Memo
About this resource
Help your Grade 7 learner prepare for Term 1 Economic & Management Sciences (EMS) with this comprehensive 50-mark practice test, complete with a full memorandum. The test has a duration of 1 hour and includes a balanced combination of lower-, middle- and higher-order questions.
The test covers:
- Resources and scarcity
- Limited resources
- Primary and secondary needs
- Needs and wants
- Managing resources responsibly
- Budgeting and allocating income
- Community and government resources
- Infrastructure, education and healthcare
- The history of money
- Barter trade
- Goods and services
- Consumers
- Businesses and profit
- Entrepreneurs and entrepreneurship
- Financial risk in business
- Economic concepts and terminology
- Profit
- Demand
- Needs versus wants
- Prioritising spending
- Saving money
- Making responsible financial choices
- Formal and informal businesses
- Classifying different types of businesses
The test includes multiple-choice questions, true or false, column matching, fill-in-the-blanks, a detailed case study and a business-classification activity. Learners work with a realistic case study about Sarah and her spending habits, requiring them to distinguish between needs and wants, explain responsible spending choices and suggest practical ways to manage money.
Total: 50 marks | Duration: 1 hour | Full memorandum included | PDF format.
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