Well-structured OTE2601 EXAM PREPARATION PACK - DISTINCTION GUARANTEED. Contains recent exam questions and answers, and Summarised study notes. All you need to pass the OCTOBER NOVEMBER 2023 EXAMS
OTE2601
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,UNIVERSITY EXAMINATIONS
JANUARY/FEBRUARY 2023
OTE2601
NON-VENUE-BASED
Orientation to Teaching Economic and Management Sciences
Marks: 100
Duration: 3 Hours and 15 minutes
This examination question paper consists of 2 pages.
Instructions:
You need to complete the Honesty Declaration as part of your document. Don’t
submit it as a separate document.
ALL THE QUESTIONS ARE COMPULSORY.
DECLARATION
(Your portfolio/exam script will not be marked if this is not completed)
I, …………………………………………………………………
(Name & Surname)
Student number: …………………………
Module code: ……………......................
Hereby declare the following:
I understand UNISA’S policy on plagiarism. This examination is my original work produced
by myself. I have duly acknowledged all the other people’s work (both electronic and print)
through the proper reference techniques as stipulated in this module.
I have not copied work of others and handed it in as my own. I have also not made my work
available to any fellow students to submit as their own.
Signature:………………… Date:…………………….
, 2
OTE2601
JAN/FEB 2023
QUESTION 1
1.1 Stokvels have been around for a long time now and they are uniquely South African.
The term “stokvel” dates back to the 19th century when English settlers described their
auctions as “stock fairs”. The illiterate ones referred to it as Stokvel
instead of “stock fairs”. During these fairs, farmers and labourers would sometimes pitch
in together to purchase livestock. Elaborate on each of the following role played by the
stokvel;
1.1.1 Grocery (3)
1.1.3 Funeral cover (3)
1.1.4 Property (3)
1.1.5 Investment (3)
1.2 Do you agree with the assertion that there are benefits of opening a Standard bank/
FNB/ABSA or Nedbank bank stokvel bank account? Motivate your argument by focussing
on FNB/ABSA/Nedbank or Standard bank. (8)
/20/
QUESTION 2
2.1 Money is the means whereby human needs are satisfied. It is also known as a
means of payment. Money can be called or viewed by various concepts. Elaborate on
the various concepts (names) associated with money and how they are used (8)
Suppose a flea market is arranged at your school. You as the Economic and
Management Sciences teacher are responsible for taking a group of Grade 8 learners
through some paces.
2.2 Discuss your vital role focussing on the merits or demerits of each of the following
headings:
2.2.1 Before the flea market (4)
2.2.2 During the flea market (4)
2.2.3 After the flea market (4)
/20/
QUESTON 3
The law protects the consumer. The prices of certain goods are fixed, for example the
price of specific kinds of bread. This means that nobody is allowed to sell these goods
at more than the fixed prices.
, OTE2601
JAN/FEB 2023
Discuss the following factors which influence profit:
3.1 Kind of business (4)
3.2 Element of Risk (4)
3.3 Competence of the entrepreneur (4)
3.4 Turnover and market size (4)
3.5 New production techniques (4)
/20/
QUESTION 4
The financial management of a business is generally concerned with procurement,
allocation and the control of financial resources. Illustrate how and why you will use the
financial management functions listed below:
4.1 Estimation of capital requirements (4)
4.2 Determination of capital composition (4)
4.3 Choice of sources or funds (4)
4.4 Investment of funds (4)
4.5 Disposal of surplus (4)
/20/
QUESTION 5
5.1 In a proposed marketing plan, everything is included that must be done to convey the
product or service to the consumer and/or the target market. Elaborate on the 4 P
instruments or steppingstones that are necessary to make the plan functional. (12/)
5.2 The franchise (grant) agreement has several advantages to the franchise
holder (franchisee). Elaborate on the advantages for the franchisee. (8)
/20/
TOTAL :[100]
First Examiner: Prof MW Lumadi
Second Examiner: Prof PJ du Plessis
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