2.1 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

Homeowners or households must pay for:

• Water
• Electricity
• Sewage sanitation
• Refuse removal.

1. Use the appropriate water level setting to match the load of laundry.
2. Wash full loads instead of partial loads to maximize efficiency.
3. Use high-efficiency washing machines that require less water.

1. Use lids on pots to conserve heat during boiling.
2. Match the size of the cookware to the burner size to avoid energy loss.
3. Switch off the stove before cooking is complete and allow residual heat to finish cooking.
4. Utilize a microwave for small jobs instead of using the oven.

1. Scammers often request personal information from victims under false pretenses.
2. They promise unrealistic returns or rewards to lure individuals.

Consumers can protect themselves by:

1. Using strong, unique passwords and enabling two-factor authentication on accounts.
2. Being cautious of unsolicited emails or messages asking for personal information.

1. To avoid a large tax bill at the end of the tax year by paying smaller amounts throughout the year.
2. Some individuals have income that is not subject to withholding tax, necessitating regular payments.

Compound interest is more expensive because interest is calculated on the initial principal, which increases as interest is added. This means that over time, the amount owed can grow much faster compared to simple interest, which is calculated only on the principal.

Municipalities should:

1. Provide safe shelters and resources for affected individuals.
2. Repair essential services like water and electricity.
3. Create community awareness programs to prevent future disasters.
4. Collaborate with agencies for disaster relief and recovery efforts.

A high CPI indicates rising inflation, meaning consumers can purchase fewer goods and services for the same amount of money. This can strain budgets, as essential goods become more expensive, and may lead to increased borrowing or reduced savings.

Alternative energy sources like solar panels can reduce reliance on fossil fuels, which is positive for decreasing carbon emissions. However, some alternatives, like diesel generators, may contribute to air pollution and have a negative environmental impact. Overall, the impact varies based on the energy source utilized.