CLIFTON SCHOOL

Grade 8
Term 3 Test 1
EMS

Examiner: Mr S. Hiron Moderator: Ms M. Terblanche

Time: 1 Period Total: 60 Marks

Name: _____________________________ Teacher: _________________

Please read the following instructions carefully.

1. This question paper consists of 8 pages. Please check that your question paper is
complete.

2. Read the question carefully and plan the length of your answers in relation to the
sections being covered in each question.

3. You are advised to pay careful attention to the mark allocation.

4. It is in your own interest to write legibly and present your work neatly.

5. Good Luck!

Q1 Q2 Q3 Q4 Total %

10 10 12 28 60

1
Question 1

Indicate the MOST correct answer by writing the letter of the alternative you have chosen
in the Answer Table provided below.

1.1 Which of the following SWOT elements is a business in full control over?
A Strengths and Weaknesses
B Opportunities and Threats
C Strengths and Opportunities
D Threats and Weaknesses

1.2 Which business environment do competitors belong to?

A Micro
B Market
C Macro
D Political

1.3 When a company’s Assets > Liabilities, they are said to be ….

A Cash Flow
B Solvent
C Insolvent
D Liquid

1.4 The level of management responsible for strategic decisions.

A Top
B Middle
C Lower
D Operational

1.5 The business function responsible for ensuring that a business has the correct
number of employees.
A Finance
B Production
C Human Capital
D Administration

1.1 1.2 1.3 1.4 1.5

/10

2
Question 2
Each of the following statements is FALSE. Only correct the underlined word or term to
make the statement true. Write your answers in the table provided.

2.1 The General Management function is responsible for the collection of all data
within the business and its environment.

2.2 A contractual plan needs to be in place for unforeseen circumstances like load
shedding.

2.3 Suppliers are an element of the macro environment.

2.4 Fixed capital is used to pay for expenses, such as salaries and trading stock.

2.5 Communicating with the target market about the products and services available
from your business is an element of the price policy.

2.1

2.2

2.3

2.4

2.5

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3
Question 3:
This question relates to Business Plans.

3.1 Briefly discuss the importance of an executive summary in a business plan.

__________________________________________________________________________

__________________________________________________________________________

__________________________________________________________________________

__________________________________________________________________________
(2)

3.2 List any THREE potential threats that a business may face.

1. ____________________________________________________________________

2. ____________________________________________________________________

3. ____________________________________________________________________
(3)

3.3 Why is it important to calculate the break-even point of a business in the

production plan?

__________________________________________________________________________

__________________________________________________________________________

__________________________________________________________________________

__________________________________________________________________________
(2)

4
3.4 Differentiate between the following terms:

Vision Mission

(1) (1)
Feasibility Viability

(1) (1)

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Question 4:
This question relates to Business Functions.

4.1 List the missing elements of the macro environment.

P - Political

E - _______________________________

S - _______________________________

T - _______________________________

L - _______________________________

E - Ethical

P - Physical
(4)

5
4.2 Discuss the importance of the Marketing Function and Production Function
meeting regularly and sharing information.

____________________________________________________________________________

____________________________________________________________________________

____________________________________________________________________________

____________________________________________________________________________
(2)

4.3 Complete the following diagram to display the four policy instruments and
subdivisions that form part of the Marketing Function.

Marketing Policy (4 Ps)

Product Policy Promotion

_______________ _______________ Policy
_______________ _______________
(1) (1)

____________________ ____________________ ____________________ ___________________

(1) (1) (1) (1)

4.4 Analyse the following article headline and answer the questions that follow.

Source: https://www.businessinsider.co.za/minors-reported-working-at-a-
hyundai-supplier-factory-in-alabama-2022-7
6
4.4.1 Which Business Functions would be held responsible for the incident mentioned in
the headline? List ANY TWO.

1. ____________________________________________
(1)

2. ____________________________________________
(1)

4.4.2 Which Business Function is responsible for trying to fix the negative impact on the
image of Hyundai, following the release of the above article?

_________________________________________________________________________________
(1)

4.4.3 Provide a definition for the function mentioned in your answer to 4.4.2.

________________________________________________________________________________

________________________________________________________________________________

________________________________________________________________________________

________________________________________________________________________________

________________________________________________________________________________

________________________________________________________________________________
(3)

4.5 What does the acronym POLC stand for?

P - ____________________________________
(1)

O - ___________________________________
(1)

L - ____________________________________
(1)

C - ___________________________________
(1)

7
4.6 Which leadership style do you think is the most appropriate for managing a
business? In your answer you are to provide a definition of your chosen leadership
style and motivation for your choice.

Leadership Style: ______________________________________________________________

(1)

Definition: _____________________________________________________________________

_______________________________________________________________________________

_______________________________________________________________________________

_______________________________________________________________________________
(2)

Motivation: ___________________________________________________________________

_______________________________________________________________________________

_______________________________________________________________________________

_______________________________________________________________________________

_______________________________________________________________________________

_______________________________________________________________________________
(3)

/28

END OF ASSESSMENT