4.3 Define the ‘Law of Supply’. (2)

2.1 The economic systems explains the interaction between all the role players in the economy.  (1)

When using _____ behavior, leaders attempt to be clear about their expectations and reward employees for satisfactory performance.

2.7 Goods and services are traded on the Factor market.  (1)

Which of the following best defines economies of scope?

  SECTION B: LONGER QUESTIONS     QUESTION 4: PRICE THEORY [20]   Study the picture below and answer the questions that follow:      

  QUESTION 7: ACCOUNTING EQUATION     Analyse the following transactions in the table provided:   EXAMPLE: Paid the Municipality R1 000 per EFT for Water and Electricity. 1 Bought Trading stock for R2 500 and pay by EFT. 2 Issued a receipt for R640 to G Malinga (a debtor) for full settlement of his account. (5)  

3.3 Delivery fees decrease / increase  the cost price of trading stock. (1)

7.5 Give the term for the amount of money each person in a country earns per annum. (1)

Which of the following is not an element of a sport organization’s general environment?