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To the Educator:

Draw up a list of four rights that you think learners in your school should be able to claim. Discuss these with the class and then, with their suggestions, draw up one list for the class as a whole.

[LO 1.1]

Our responsibility to the government

One of our most important responsibilities towards the government is to help with the maintenance of facilities , like roads, buildings, recreational facilities, services like education and health, and many more. Money is needed to keep these in a good condition and every citizen of the country who earns a salary, therefore has to help to provide the money by paying tax .

Besides people having to pay tax annually on income and property, all of us also pay tax on almost everything we buy.

  1. Study the following till slip:

T CASH DEALERS

Assignment

  1. Answer the following questions about the till slip after you have discussed it in your groups:

How is the tax amount indicated on this slip?

What do you see as the reason why no tax is raised on some articles?

Why is it important that all the citizens of a country pay tax?

How will the quality of our lives be affected if nobody paid tax?

What is the percentage tax that is added on taxable items at present?

[LO 1.4]

See if you are able to calculate the tax on the following items with the help of your pocket calculator:

Takkies @ R195

Computer @ R5 600

New school case @ R60

  1. The following is a typical quote made out to a client for services / products rendered. Read it carefully and look at the fine print on the left at the bottom in particular.

PO Box 171

KURUMAN

8460

Phone 891 5555

Client : ____________________________

Address : ____________________________

____________________________

Quantity: 4 205/60 Goodyear tyres…..R1 540,00

Quotation accepted: ______________________

All prices exclude VAT

No tax is included in this quote. The amount that the client will eventually pay will therefore be the quoted amount + the tax that has to be added to the amount. Many people are caught out in this way, because the percentage in tax that has to be added to large amounts can make a big difference to the amount quoted in the beginning.

Most businesses therefore try to make things simpler for their clients by adding the tax amount to all prices, so that clients will know from the beginning precisely what the article will cost in the end.

My existence

All of us dream dreams – perhaps you dream about your first salary cheque and what you would buy with it. You fantasize about your dream car, about an overseas trip, about the dream house in which you want to live one day. But when you open your eyes, you still are a youngster.

How do you feel about the quality of your life as it is now? Are you satisfied or are there things you would like to change? What do you see as the factors that influence you present standard of living and what do you think you can do to change or improve it? Is there any chance that your dreams may be realised? Why do you feel this way?

Write a paragraph or two to describe your existence in terms of the above guidelines.

[LO 1.1]

Assessment

LO 1

THE ECONOMIC CYCLE The learner is able to demonstrate knowledge and understanding of the economic cycle within the context of the economic problem.

We know this when the learner:

1.1 differentiates between the different levels of needs that people have, and explains how these might be satisfied;

1.2 identifies and describes the role of government in the use of resources and services;

1.4 differentiates beteen direct taxes (e.g. income tax) and indirect taxes (e.g. VAT, tax on petrol).

Memorandum

  • Allow discussion where necessary in order to formulate meaningful responses.

Questions & Answers

what are the products of Nano chemistry?
Maira Reply
There are lots of products of nano chemistry... Like nano coatings.....carbon fiber.. And lots of others..
learn
Even nanotechnology is pretty much all about chemistry... Its the chemistry on quantum or atomic level
learn
Preparation and Applications of Nanomaterial for Drug Delivery
Hafiz Reply
Application of nanotechnology in medicine
what is variations in raman spectra for nanomaterials
Jyoti Reply
I only see partial conversation and what's the question here!
Crow Reply
what about nanotechnology for water purification
RAW Reply
please someone correct me if I'm wrong but I think one can use nanoparticles, specially silver nanoparticles for water treatment.
Damian
yes that's correct
Professor
I think
Professor
what is the stm
Brian Reply
is there industrial application of fullrenes. What is the method to prepare fullrene on large scale.?
Rafiq
industrial application...? mmm I think on the medical side as drug carrier, but you should go deeper on your research, I may be wrong
Damian
How we are making nano material?
LITNING Reply
what is a peer
LITNING Reply
What is meant by 'nano scale'?
LITNING Reply
What is STMs full form?
LITNING
scanning tunneling microscope
Sahil
how nano science is used for hydrophobicity
Santosh
Do u think that Graphene and Fullrene fiber can be used to make Air Plane body structure the lightest and strongest. Rafiq
Rafiq
what is differents between GO and RGO?
Mahi
what is simplest way to understand the applications of nano robots used to detect the cancer affected cell of human body.? How this robot is carried to required site of body cell.? what will be the carrier material and how can be detected that correct delivery of drug is done Rafiq
Rafiq
if virus is killing to make ARTIFICIAL DNA OF GRAPHENE FOR KILLED THE VIRUS .THIS IS OUR ASSUMPTION
Anam
analytical skills graphene is prepared to kill any type viruses .
Anam
Any one who tell me about Preparation and application of Nanomaterial for drug Delivery
Hafiz
what is Nano technology ?
Bob Reply
write examples of Nano molecule?
Bob
The nanotechnology is as new science, to scale nanometric
brayan
nanotechnology is the study, desing, synthesis, manipulation and application of materials and functional systems through control of matter at nanoscale
Damian
Is there any normative that regulates the use of silver nanoparticles?
Damian Reply
what king of growth are you checking .?
Renato
What fields keep nano created devices from performing or assimulating ? Magnetic fields ? Are do they assimilate ?
Stoney Reply
why we need to study biomolecules, molecular biology in nanotechnology?
Adin Reply
?
Kyle
yes I'm doing my masters in nanotechnology, we are being studying all these domains as well..
Adin
why?
Adin
what school?
Kyle
biomolecules are e building blocks of every organics and inorganic materials.
Joe
anyone know any internet site where one can find nanotechnology papers?
Damian Reply
research.net
kanaga
sciencedirect big data base
Ernesto
how did you get the value of 2000N.What calculations are needed to arrive at it
Smarajit Reply
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Source:  OpenStax, Economic and management sciences grade 5. OpenStax CNX. Sep 05, 2009 Download for free at http://cnx.org/content/col10974/1.1
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