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Various options are provided as possible answers to the following questions - NSC Consumer Studies - Question 1 - 2018 - Paper 1

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Various options are provided as possible answers to the following questions. Choose the answer and write only the letter (A-D) next to the question numbers (1.1.1 to... show full transcript

Worked Solution & Example Answer:Various options are provided as possible answers to the following questions - 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. This type of interest is calculated based on the initial principal and also on the accumulated interest from previous periods.

Step 2

The type of vegetables that are exempted from VAT:

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The correct answer is C. Fresh. Fresh vegetables are typically exempt from VAT in many jurisdictions.

Step 3

A non-renewable form of energy:

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Answer

The correct answer is B. Coal. Coal is categorized as a non-renewable energy source.

Step 4

The meaning of food security:

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Answer

The correct answer is A. Food is safe and hygienic. This definition reflects the essence of food security.

Step 5

The condition in which the arteries clog and narrow:

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The correct answer is A. Atherosclerosis, a condition that increases the risk of heart disease.

Step 6

A contagious viral disease that attacks the liver:

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The correct answer is B. Hepatitis, which can lead to severe liver damage.

Step 7

Helps to maintain a healthy immune system as it keeps the skin, hair and insides healthy:

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The correct answer is A. Vitamin A, which is crucial for maintaining skin health and immune function.

Step 8

A consumer who wants to prevent osteoporosis but suffers from lactose intolerance, may try:

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The correct answer is B. Soy milk. It is a good alternative for those who are lactose intolerant.

Step 9

The clothing item that would be suitable for a lady with a big bust:

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The correct answer is B. Clothing item B, which is designed to be flattering for larger busts.

Step 10

The clothing item that puts the most emphasis on the waist:

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The correct answer is A. Clothing item A, designed to accentuate the waist.

Step 11

All building contractors should be registered with the ... Council.

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The correct answer is A. National Home Builders' Regulation, which ensures standards in construction.

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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The correct answer is A. occupational rent, which is charged in this situation.

Step 13

The legal document that proves ownership of a property:

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The correct answer is A. Title deed, which serves as proof of ownership.

Step 14

Household appliances possess the feature so that any consumer can use the product, regardless of knowledge, skills or abilities:

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The correct answer is A. Functional design, which ensures usability for all.

Step 15

A responsible consumer will ... after buying a household appliance:

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The correct answer is B. read the guarantee and contract carefully, which is an important step for consumer protection.

Step 16

One of the following represents the operational costs of a business:

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The correct answer is C. Operational costs, which are expenses associated with running the business.

Step 17

The 7Ps of a business refer to the ...

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The correct answer is D. operational strategy, encompassing marketing factors.

Step 18

Production specialists help to ... a product.

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The correct answer is A. standardise a product, ensuring consistency in production.

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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To calculate the selling price, use the formula: Selling Price = Cost + (Cost × Profit Margin). Therefore, Selling Price = 21.90 + (21.90 × 0.70) = R37.23. Hence, D. R37.23 is the correct answer.

Step 20

Peter's small-scale business now delivers products to his customers. This gives him business ... over his competitors.

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The correct answer is B. advantage, indicating a competitive edge.

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