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5.1 Name TWO costs that are included in bond registration fees - NSC Consumer Studies - Question 5 - 2016 - Paper 1
Question 5
5.1 Name TWO costs that are included in bond registration fees. 5.2 State who is responsible for making the rules and regulations in a sectional title complex. 5.3... show full transcript
Worked Solution & Example Answer:5.1 Name TWO costs that are included in bond registration fees - NSC Consumer Studies - Question 5 - 2016 - Paper 1
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5.3 Explain why monthly levies must be taken into account when buying sectional title property.
Answer
Monthly levies must be considered because:
- They are paid monthly and can affect overall affordability.
- These levies often increase annually due to inflation, affecting long-term budgeting.
- Levies contribute to the maintenance and upkeep of communal areas, therefore impacting property value.
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5.5.1 Compare a cash payment with a credit card payment when buying the gas stove.
Answer
| CASH | CREDIT CARD |
|---|---|
| Cheaper | More expensive due to interest |
| No interest charged | Interest is charged if not paid in full |
| Can get a discount | No discounts typically available |
| No extra administration costs | May incur bank administration costs |
| Complete payment at purchase | Can accumulate debt/ can be paid in monthly installments |
| No debt, cannot spend more than you have | Can lead to impulsive buying |
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5.5.2 Explain the benefits of the following aspects of the gas stove:
Answer
(a) TWO universal safety design features:
- The childproof safety lock enhances safety by preventing accidental operation of the stove by children.
- The grid of the burners ensures that cookware remains stable and prevents spills during cooking.
(b) Human energy consumption: The clear instruction manual simplifies the cooking process, making it easy for anyone to use the stove efficiently and save time.
(c) Non-human energy consumption: Gas is generally cheaper to operate than electricity, making it a cost-effective option for heating. Additionally, gas stoves generate less carbon footprint compared to electric stoves.
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5.5.3 Describe the positive impact of gas on the natural environment.
Answer
Gas has several positive impacts on the environment:
- It burns cleaner than coal, resulting in fewer carbon emissions.
- Gas is less harmful to the atmosphere, contributing to lower greenhouse gas emissions overall.
- Reduced pollutants lead to better air quality, benefiting both humans and wildlife.