Various options are provided as possible answers to the following questions - NSC Consumer Studies - Question 1 - 2017 - Paper 1
Question 1
Various options are provided as possible answers to the following questions. Choose the answer and write the letter (A-D) next to the question number in the ANSWER B... show full transcript
Worked Solution & Example Answer:Various options are provided as possible answers to the following questions - NSC Consumer Studies - Question 1 - 2017 - Paper 1
Step 1
1.1.1 To measure use to determine the increase in price as well as to calculate the inflation rate is...
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Answer
The correct answer is D. Repo rate. The repo rate is key in measuring the increase in prices as it influences borrowing and spending in the economy.
Step 2
1.1.2 A false or fraudulent business practice is called:
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Answer
The correct answer is B. Pyramid scheme. This practice involves schemes that promise high returns with little risk.
Step 3
1.1.3 Tax paid for selling a house is known as ...
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The correct answer is B. capital gains tax. This tax is applied to the profit from the sale of the property.
Step 4
1.1.4 The condition in which the blood glucose level drops abnormally low:
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The correct answer is B. hypoglycemia. This condition occurs when blood sugar levels become dangerously low.
Step 5
1.1.5 Lactic acidosis develops when the body cannot digest the ...
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The correct answer is C. carbohydrates. Insufficient metabolism of carbohydrates can lead to lactic acidosis.
Step 6
1.1.6 Which would be the best boost for the immune system for a person who is very ill?
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The correct answer is A. Orange juice. It is rich in vitamin C, which is essential for a healthy immune response.
Step 7
1.1.7 The combination of foods that contribute to high cholesterol levels:
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Answer
The correct answer is A. Butter and hard margarine. These foods are known to contain high levels of saturated fats.
Step 8
1.1.8 Mad cow disease is caused by a ...
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Answer
The correct answer is C. prion. This infectious agent is responsible for the disease.
Step 9
1.1.9 Brand piracy is ...
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The correct answer is A. unauthorized use of protected trade names. This is a common form of intellectual property theft.
Step 10
1.1.10 "Sportswear has become street wear." This statement refers to a ...
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The correct answer is B. trend in fashion. It indicates the crossover of sportswear into casual everyday attire.
Step 11
1.1.11 A sales agreement is a contract between a ...
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The correct answer is A. buyer and home owner. This contract outlines the terms of the sale of the property.
Step 12
1.1.12 The money you borrow from a bank to buy a home is ...
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The correct answer is A. loan. This is the amount borrowed to purchase the house.
Step 13
1.1.13 The monthly bond repayment should be between ... of the homeowner's monthly income.
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The correct answer is A. 20% - 30%. This is a generally recommended guideline for managing debt.
Step 14
1.1.14 Mr. Herminus was in an accident and is now permanently wheel-chained bound. The following insurance will cover his home loan outstanding balance:
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Answer
The correct answer is A. Life insurance. This type of insurance provides financial support in such circumstances.
Step 15
1.1.15 ... is the document that proves legal ownership of a property.
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The correct answer is A. Title Deed. This document confirms ownership of the property.
Step 16
1.1.16 The following statement shows that a household appliance meets specific criteria...
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The correct answer is A. SABS. This indicates compliance with South African Bureau of Standards.
Step 17
1.1.17 The amount added to the cost price to cover all expenses and still make a profit is called the ...
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The correct answer is A. selling price. This includes the cost of goods plus markup.
Step 18
1.1.18 Identify the business that has the most sustainable profitability:
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The correct answer is B. Fashion is where products each month and she opened stronger trends. Sustainable businesses consistently adapt to market conditions.
Step 19
1.1.19 Quality control...
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The correct answer is C. reduces the risks within the project. This ensures standards are maintained throughout.
Step 20
1.1.20 The selling price for 5 products is R750.00 and the production cost is R600.00. Indicate how much profit is made per product.
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The correct answer is B. R30.00. This can be calculated as follows:
ext{Profit per product} = rac{ ext{Selling Price} - ext{Production Cost}}{ ext{Number of Products}} = rac{750 - 600}{5} = 30
