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Interest charged or paid on the principal capital plus the interest is: A - NSC Consumer Studies - Question 1 - 2018 - Paper 1

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Interest charged or paid on the principal capital plus the interest is: A. Common interest B. Fixed interest C. Prime interest D. Simple interest The type of vegeta... show full transcript

Worked Solution & Example Answer: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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The interest charged or paid on the principal capital plus the interest is called D. Simple interest. This type of interest is straightforward and is calculated solely on the original principal amount.

Step 2

The type of vegetables that are exempted from VAT:

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The type of vegetables exempt from VAT typically includes items that are less processed. The correct answer is C. Fresh.

Step 3

A non-renewable form of energy:

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Among the options provided, the non-renewable energy form is B. Coal, which is derived from fossil fuels.

Step 4

The meaning of food security:

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Food security primarily refers to the availability of sufficient quantity and quality of food. Thus, the correct answer is D. Food is available in sufficient quantities.

Step 5

The condition in which the arteries clog and narrow:

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The condition characterized by the hardening and narrowing of arteries is known as A. Atherosclerosis.

Step 6

A contagious viral disease that attacks the liver:

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Among the options listed, the viral disease that affects the liver is B. Hepatitis B.

Step 7

Helps to maintain a healthy immune system as it keeps the body balanced and insensible:

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To support the immune system effectively, one should include vitamins, specifically C. Vitamin C, which is crucial for immune function.

Step 8

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

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For someone with lactose intolerance, a suitable option would be A. strawberry-flavoured milk that contains no lactose.

Step 9

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

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The clothing item that would best accommodate a larger bust would be A. Clothing item A.

Step 10

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

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The item that accentuates the waistline the most would likely be B. Clothing item B.

Step 11

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

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The correct answer is A. National Home Builders’ Registration.

Step 12

When a buyer of a property moves into the property before the bond is registered in his/her name...

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In such cases, the buyer is liable to pay A. occupational rent.

Step 13

The legal document that proves ownership of a property:

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The title document that proves property ownership is referred to as the A. Title deed.

Step 14

Household expenditure pressures the feature that so many consumers can use expertise, knowledge, skills or abilities:

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This feature is referred to as A. Functional discretion.

Step 15

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

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A responsible consumer will B. read the guarantee and contract carefully to ensure proper understanding of the terms.

Step 16

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

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Operational costs include various expenses such as utilities and equipment expenses. Thus, the correct answer is D. Water and electricity.

Step 17

75% of a business refer to the ...

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This typically refers to the C. business plan, which outlines a strategic approach.

Step 18

Production professionals help to ... a product.

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These professionals aid in ensuring the standardization of products, which is represented by A. standardise.

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 find the selling price, use the formula: Selling Price = Production Cost + (Production Cost × Profit Margin). Thus,

SellingPrice=R21.90+(R21.90×0.70)=R21.90+R15.33=R37.23Selling Price = R21.90 + (R21.90 × 0.70) = R21.90 + R15.33 = R37.23.

Hence, the correct selling price is D. R37.23.

Step 20

Petri’s small-scale business now delivers products to his customers.

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This strategy offers D. a unique appeal over his competitors.

Step 21

Identify THREE statements in the list below that are CORRECT regarding the question below:

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The correct statements regarding fashion are:

  • A. Style changes the name for fashion.
  • D. Fashion rapidly evolves with lifestyle changes.
  • F. Style can change but fashion stays the same.

Step 22

COLUMN A: FOOD-RELATED HEALTH CONDITION

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The matches for COLUMN A and COLUMN B are:

  • 1.2.1 A. bones become thinner, brittle and weak.
  • 1.2.2 C. glucose level of the blood is abnormally low.
  • 1.2.3 B. build-up of fatty deposits on the inner walls of the arteries.
  • 1.2.4 E. a psychological eating disorder.
  • 1.2.5 D. lactose remains undigested.

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