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4.2 Name the compensation for each factor of production. (4)      

EMS_GR8E_JUNE EXAM_2021_ANSWER SHEET.docx   UPLOAD YOUR ANSWER SHEET AS A PDF DOCUMENT AFTER YOU HAVE COMPLETED SECTION C. Name your document as follow: NAME AND SURNAME_EMS_JUNE EXAM 2021_SECTION C

3.10 EFO = Electronic Fund Transfer / Electronic Financial Agreement. (1)

3.1 The customer receives the original/duplicate cash register slip and the business keeps the other one. (1)

3.6 The amount paid to workers on a monthly basis is called salaries/wages. (1)

5.3 What is the market called where goods and services are traded? (1)      

3.5 A small box in which cash is kept to pay small expenses is called a cash float/petty cash. (1)

4.1.3 Natural resources = (1)

2.2 The current minister of finance is Pravin Gordan. (1)

4.3 What do you think Amos can do to use his natural resources sparingly so that they can be saved for future generations? (2)