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WorksheetsEMS Grade 8 Term 1 - Grade 7 Revision
Total questions: 15
Worksheet time: 9mins
... were self-sufficient and lived on whatever was provided by nature.
Entrepreneurs
Goldsmiths
Traditional societies
Supervisors
The following is not an example of basic needs:
Food
Jewellery
Clothing
Clinic
... is the money to start a business.
Expense
Saving
Profit
Capital
When expenses/expenditures are more than the income, the budget will be balanced with a
Deficit
Profit
Loss
Surplus
Which of the following is a potential benefit of recycling?
Increased pollution
Reduce unemployment
Promote crime
Load shedding
Choose the correct option/s. Total assets - total liabilities.
Household
Liabilities
Net worth
Budget
Needs
Choose the correct option/s. Things that are necessary for human beings to survive.
Household
Liabilities
Net worth
Budget
Needs
Choose the correct option/s. Group of people that live together and make economic decisions.
Household
Liabilities
Net worth
Variable costs
Needs
The cost that changes as the number of goods produces changes.
Household
Liabilities
Net worth
Variable costs
Needs
The money the business owes to other businesses or people.
Household
Liabilities
Net worth
Variable costs
Needs
Is the following statement true or false? The South African currency is the Rand.
True
False
Is the following statement true or false? Cellphones can be used for electronic banking.
True
False
Is the following statement true or false? A profit is when expenses are more than income.
True
False
Is the following statement true or false? A goal is something that you want to achieve.
True
False
Is the following statement true or false? Threats are things in the external environment that businesses do not have control over.
True
False
