Name the document that promises to repair, replace or refund appliances by the seller or the manufacturer after being bought - NSC Consumer Studies - Question 2 - 2023 - Paper 1
Question 2
Name the document that promises to repair, replace or refund appliances by the seller or the manufacturer after being bought.
List the municipal services that a hom... show full transcript
Worked Solution & Example Answer:Name the document that promises to repair, replace or refund appliances by the seller or the manufacturer after being bought - NSC Consumer Studies - Question 2 - 2023 - Paper 1
Step 1
Name the document that promises to repair, replace or refund appliances by the seller or the manufacturer after being bought.
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Answer
The document is called a warranty or guarantee.
Step 2
List the municipal services that a homeowner or household must pay for.
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Answer
Homeowners or households typically need to pay for the following municipal services:
Water
Electricity
Sewage sanitation
Refuse removal
Step 3
Name THREE ways of saving water when using a washing machine.
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Answer
Use the appropriate water level setting to match the load size.
Wash full loads of laundry to maximize water efficiency.
Use high-efficiency washing machines that consume less water.
Step 4
State FOUR ways of saving electricity when cooking.
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Answer
Use lids on pots to cook faster and retain heat.
Match the size of the pot to the size of the stove burner.
Switch off appliances before cooking is completed to use residual heat.
Use a microwave or slow cooker instead of an oven when possible.
Step 5
Name TWO practices that most scams have in common.
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Answer
Scammers often use unsolicited communications to reach victims.
Scams typically involve promises of money or goods that are too good to be true.
Step 6
Explain how consumers can protect themselves from online scams.
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Answer
Consumers can take several steps to protect themselves:
Use reputable antivirus and anti-malware software.
Be cautious of messages requesting personal or financial information.
Step 7
Give TWO reasons why some people may pay provisional tax.
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Answer
Provisional tax helps spread the tax payment throughout the year, easing financial strain.
It allows taxpayers to estimate their income and tax liability, preventing larger tax bills at year-end.
Step 8
Explain why compound interest is more expensive than simple interest.
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Answer
Compound interest accumulates over time on both the principal and the accrued interest, leading to a higher total cost compared to simple interest, which is calculated solely on the principal amount.
Step 9
Describe the role that municipalities should play in helping their communities to recover from flood damage.
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Answer
Municipalities should:
Provide clean, safe water and sanitation services.
Facilitate repairs and reconstruction of damaged infrastructure.
Offer support services to affected residents.
Step 10
Explain how a high consumer price index (CPI) may affect South African consumers.
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Answer
A high CPI indicates rising prices, affecting consumers' purchasing power, leading to increased cost of living, and potentially resulting in higher interest rates on loans.
Step 11
Evaluate the impact that alternative sources of energy used by households during load-shedding may have on the environment.
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Using alternative energy sources like solar energy can help reduce reliance on fossil fuels, thereby lowering pollution. However, some alternatives, such as diesel generators, may contribute to air pollution and greenhouse gas emissions.