1.1.1 Interest charged or paid on the principal capital plus the interest is:
A - NSC Consumer Studies - Question 1 - 2018 - Paper 1
Question 1
1.1.1 Interest charged or paid on the principal capital plus the interest is:
A. Compound interest
B. Fixed interest
C. Prime interest
D. Simple interest
1.1.2 The ... show full transcript
Worked Solution & Example Answer:1.1.1 Interest charged or paid on the principal capital plus the interest is:
A - NSC Consumer Studies - Question 1 - 2018 - Paper 1
Step 1
Interest charged or paid on the principal capital plus the interest is:
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Answer
The correct answer is A. Compound interest, which is calculated on the initial principal and also on the interest of previous periods.
Step 2
The types of vegetables that are exempted from VAT are:
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Answer
The correct answer is C. Fresh, as fresh vegetables are typically exempt from VAT.
Step 3
A non-renewable form of energy:
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Answer
The correct answer is B. Coal, which is a non-renewable energy source.
Step 4
The meaning of food security:
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Answer
The correct answer is C. Food is available and affordable every day, which defines food security.
Step 5
The condition in which the arteries clog and narrow:
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Answer
The correct answer is A. Atherosclerosis, which refers to the buildup of fats, cholesterol, and other substances in and on the artery walls.
Step 6
A contagious viral disease that attacks the liver:
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Answer
The correct answer is A. Hepatitis, which is known to affect the liver.
Step 7
Helps to maintain a healthy immune system as it keeps the skin healthy and insensible:
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Answer
The correct answer is A. Vitamin A, which plays a vital role in maintaining skin and immune function.
Step 8
A consumer who wants to prevent osteoporosis but suffers from lactose intolerance, may try:
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Answer
The correct answer is B. soy milk, as it is a lactose-free option.
Step 9
The clothing item that would be suitable for a lady with a big bust:
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Answer
The correct answer is C. Clothing item C, which is designed to provide support.
Step 10
The clothing that puts the most emphasis on the waist:
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Answer
The correct answer is A. Clothing item A, which features elements that highlight the waist.
Step 11
All building contractors should be registered with the ... Council.
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Answer
The correct answer is A. National Home Builders' Registration, which is the mandatory registration body for contractors.
Step 12
When a buyer of a property moves into the property before the bond is registered in his/her name, he or she is liable to pay:
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Answer
The correct answer is A. occupational rent, which is the rent payable before the bond is registered.
Step 13
The legal document that proves ownership of a property:
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Answer
The correct answer is B. Title deed, which is the official document recognizing property ownership.
Step 14
Household expenses possess the feature so that any consumer can use resources to cover knowledge, skills or abilities:
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Answer
The correct answer is A. Functional diversity, as it allows consumers to utilize their skills and knowledge.
Step 15
A responsible consumer will ... after buying a household appliance.
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Answer
The correct answer is B. read the guarantee and contract carefully to ensure understanding of the warranty.
Step 16
One of the following represents the operational costs of a business:
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Answer
The correct answer is C. Operational costs, which encompass all ongoing expenses of running a business.
Step 17
The 4 P's of a business refer to the ...
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Answer
The correct answer is A. marketing plan, as it outlines the 4 P's: Product, Price, Place, Promotion.
Step 18
Production professionals help to ... a product.
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Answer
The correct answer is A. standardize a product to ensure consistency in quality.
Step 19
Calculate the selling price of ONE product if the production cost is R21.90 and the profit margin is 70%:
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Answer
Using the formula: Selling Price = Cost + (Cost * Profit Margin).
