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7468 - Formative Assessment

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0% found this document useful (0 votes)
124 views7 pages

7468 - Formative Assessment

Uploaded by

xelimpilo58
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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2016

USE MATHEMATICS TO INVESTIGATE AND MONITOR THE


FINANCIAL ASPECTS OF PERSONAL, BUSINESS, NATIONAL AND
INTERNATIONAL ISSUES
UNIT STANDARD ID: 7468
NQF LEVEL: 4
CREDITS: 6
NOTIONAL HOURS: 60

FORMATIVE ASSESSMENT

NameContact AddressTelephone (H)Telephone (W)FacsimileCellularE-


mail
INSTRUCTIONS TO THE LEARNER

 You must complete the classroom activities whilst facilitation is taking place. The facilitator may
stop at regular intervals to give you time to complete the activities.

 Please complete all work in blue or black pen. The assessor will not assess the evidence if
completed in pencil.

 You are not allowed to copy from another learner. Any plagiarism committed will be viewed in a
serious light and disciplinary action may be taken against you. Your work must be authentic i.e.
your own work. Group work is allowed in certain activities but your answers must be your own
original work after discussions in the group.

 You must sign the declaration contained in the assessment preparation and planning document
declaring that all work is your own. If you so not sign this declaration, the assessor will not
proceed with assessment and your results will be delayed.

 Please do not use any correction fluid i.e. tippex. Rather cross your work out and write next to
your mistakes.

 The proficiency level required for each unit standard in the cluster is 50% per specific outcome
per unit standard. If you are deemed Not Yet Competent in a unit standard, you will only be
required to redo (remediate those sections in that unit standard.

 Any remediation must be submitted within 30 working days after you gave received feedback

 If you have achieved any unit standards in this skills programme via another provider, please
neatly draw a line through the section and indicate that a certified certificate has been submitted
and is included in your administration section.

 Answer section A and Section B.

2
Assessment Process Flow

C Assessment Plan Observation


Assessment Plan Observation
A agreed by candidate Knowledge conducted as per
agreed by candidate Knowledge conducted as per
N & completed by the Questionnaire the Assessment
& completed by the Questionnaire the Assessment
D assessor before the conducted as per the Plan
assessor before the conducted as per the Plan
I actual assessment Assessment Plan
actual assessment Assessment Plan
D
A
T
E
A
S Portfolio of
Portfolio of Portfolio of
S Evidence Portfolio of
A detailed Assessor Evidence Evidence
A detailed Assessor E submitted to the Evidence
Report compiled & submitted to the compiled as per
Report compiled & S training provider compiled as per
forwarded for training provider the Assessment
forwarded for S as per the the Assessment
Moderation as per the Plan
Moderation M Assessment Plan Plan
Assessment Plan
E
N
T

Feedback Report
Feedback Report
Completed by Appeal
Assessment
Assessment
Completed by
Assessor & Appealform
form Record
Results Assessor &
individual
completed
completedby by Recordofof
Results individual Learning
the
the candidateinin
Moderated feedback given to candidate Learning
Moderated feedback given to Updated
the
the candidate
the candidate theevent
eventofof Updated
dispute
dispute

Completed
CompletedAssessor
Assessor S
All
Allrecords
records&& Action
Report
Report / ModeratorReport
/ Moderator Report/ / E ActionPlan
Plan
evidence Completed
Record
RecordofofLearning
Learning T evidence Completedbyby
filed Assessor
A filed Assessor

Certificate of Register
Certificate of Register
Competencies candidates on the
Approval candidates on the
Approval&& Competencies
issued to Learner Record
Learner Record
Certification issued to Database
Certification successful Database
obtained successful
obtained candidates
candidates

3
Women In Business Today Page 1
of 8
Answer all questions in this section.

Question 1 (SO 1, AC 1, AC 3)

I. Identify and describe the elements that must be taken into consideration when planning
for the effective management of financial instruments. (8)
II. Identify and explain ways that an investor can be used to control the following financial
instruments inorder to maximise profits and minimise losses.
Stock (3)
Bond (3)
Unit trusts (3)

Question 2 (SO 1, AC 2)

Palesa took out an insurance policy for her new Mercedes Benz c200k. The retail value for the
car is R200 000. The excess on the policy is R4500. Unfortunately Palesa was involved in an
accident and the cost of the accident was R4000. How much can she recover from insurance?

Question 3 (SO 2, AC 1, AC 3)

R620 800 is invested for 4 years at 8% p.a. compound interest. What will be the total of
INTEREST be at the end of the 4 years? (NB Use the compound interest tables provided
or work to three decimal places only.)
(3)
Using a worked example explain the difference between simple and compound interest.
(8)

Question 4 (SO 2, AC 2, AC 3, AC 4)

An investor places a sum of R100 000 in a US dollar denominated overseas fixed interest
investment earning 6% p.a. compound for a one-year, and “repatriates” the investment with the
interest at the end of the year. During the year period, the value of the Rand depreciates from R7,
01 per Dollar to R7, 29 per Dollar. Indicate whether this investment proves to be a better one than
leaving the R100 000 in a local savings account earning 3% per annum, drawing on relevant
calculations to support your argument. (Ignore any tax and charges for the purposes of this
exercise.) [8]

Question 5 (SO 3, AC 1, AC 2, AC 3)

I. Define the following terms;

Women In Business Today


Page 2 of 8
 Marginal cost. (3)
 Marginal revenue. (3)
II. Given the data they have provided you with (see table), compute the following:
 Total Revenue (TR) at each Quantity (Q) level (7)
 Marginal Revenue (MR) (7)
 Marginal Cost (MC) (7)
 Profit at every quantity level (7)
 Fixed Costs (1)

Q P TC TR MR MC PROF
0 5 9
1 5 10
2 5 12
3 5 15
4 5 19
5 5 24
6 5 30
7 5 45

Question 6 (SO 4, AC 2, AC 3)

Research and compare the economies of South Africa and Zimbabwe in terms of;
 Exchange rates
 Repo rates
 Inflation
 Balance of payments (imports and exports)
 Unemployment
Present your answers in a report format and use mathematical tools and systems to support your
answers. (15)

Question 7 (SO 4, AC 1, AC 2)

Debra works as a Community Health Worker in Lobatse Botswana. She works for the
department of Health and is one of the delegates invited to the annual community health workers
forum. The forum is being held in South Africa. Lobatse was given a travelling allowance of 5000
pula to use during her stay in South Africa. How much does Debra have in Rands? Assume the
exchange rate is as follows R1 = 0.86 pula. Show all workings.
(2)

Page 3 of 8
Total marks are

Learner achieved ____________ marks.

Assessor Name: ____________

Page 4 of 8

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