NSC Consumer Studies Channels for consumer complaints: Various options are provided as

Question

Various options are provided as possible answers to the following questions. Choose the correct letter and write only the letter (A) next to the question numbers (1.1.1 - 1.1.20) in the ANSWER BOOK. (20)

1.1.1 __________ allows a borrower to cancel a contract without financial implications.
A) verbal agreement
B) conditional grant
C) fair business practice
D) written agreement

1.1.2 A written promise to repair or replace an article if it breaks is called
A) an asset.
B) conditional guarantee.
C) warranty.
D) insurance.

1.1.3 The consumer price index (CPI) __________.
A) is used to calculate the cost of goods and services.
B) is the average change of prices over time.
C) indicates the change in the retail price of a particular good.
D) measures the change in income of a specific producer.

1.1.4 __________ is calculated when heating water.
A) The boiling point
B) Water specific heat
C) Le Chatelier’s principle
D) Latent heat

1.1.5 Interest is calculated on the interest and principal amount.
A) Simple
B) Compound
C) Nominal
D) Maximum

1.1.6 __________ is the body that regulates blood glucose levels.
A) Insulin
B) Glucagon
C) Thyroxine
D) Cortisol

1.1.7 The disease with the longest incubation period:
A) Dysentery
B) Typhoid
C) HIV
D) Polio

1.1.8 A warning on which the product should remain on the shelf is:
A) Safety date
B) Sell by date
C) Use by date
D) Best before date

1.1.9 Food which inhibits glucose absorption:
A) Celery
B) Salad dressing
C) Eucalyptus
D) An antioxidant food

1.1.10 The use of antibiotics is forbidden because:
A) They can lead to antibiotic resistance.
B) They can lead to kidney damage.
C) They can increase the possible infection.
D) No negative impact on food.

1.1.11 A consonant factor that speeds up fashion change:
A) Reason - elastic change rapidly.
B) Consumer awareness.
C) Young people following fashion trends.
D) Clothing restrictions and color.

1.1.12 An agreement that is included in a work contract specifying what a worker is expected to work:
A) a job
B) employment
C) contract
D) fashion

1.1.13 Transactions will charge interest and administration costs.
A) Lay-off
B) Employment agreement
C) Financial tariff
D) Debit card payment

1.1.14 Help in renting a property and his financial responsibility while renting is:
A) Rental agent
B) No responsibilities of the property.
C) The rental agreement.
D) The landlord only.

1.1.15 The controls of the NBRC is to:
A) Describe and justify production.
B) Explain the terms of production.
C) Support all forms of company structure.
D) Control and monitor only the body corporate.

1.1.16 A productive decision that a business may lose money over future:
A) Risk protection
B) Deferred profit
C) Point of no return.
D) Cause and effect.

1.1.17 A cost factor that determines whether a business has the potential for:
A) Market research
B) Good strategy
C) Production flow
D) These are not important

1.1.18 Unregulated imports that will:
A) Improve the proliferation of a business.
B) Damage the reputation and raise costs to consumers.
C) Remove and devalue premium items.
D) Create imbalances in the local economy.

1.1.19 The price of the product at the markup is 20%:
A) R28.60
B) R22.00
C) R17.50
D) R46.50

1.1.20 Training of workers in a business improves....
A) product price.
B) interest.
C) return.
D) human skills.

Various options are provided as possible answers to the following questions - NSC Consumer Studies - Question 1 - 2021 - Paper 1

Worked Solution & Example Answer:Various options are provided as possible answers to the following questions - NSC Consumer Studies - Question 1 - 2021 - Paper 1

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