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 the following municipal services:

1. Water
2. Electricity
3. Sewerage sanitation
4. Refuse removal

Three ways to save water while using a washing machine are:

1. Use the appropriate water level: Always set the water level to the minimum needed for the load.
2. Wash full loads: Only run the washing machine when it is full to ensure efficiency in water usage.
3. Use high-efficiency washing machines: These machines consume less water and energy than conventional ones.

Four ways to save electricity while cooking include:

1. Use lids on pots: Cover pots while cooking to retain heat more effectively.
2. Match pot size to burner size: Ensure that the pot matches the size of the heat source to avoid waste.
3. Use residual heat: Turn off the stove a few minutes before the food is done to take advantage of the residual heat.
4. Cook in batches: Prepare multiple meals at once to maximize the use of the oven.

Two common practices in many scams are:

1. Requesting personal information: Scams often ask for sensitive information like passwords or bank details under false pretenses.
2. Unsolicited offers: Many scams start with unsolicited emails or messages promising money or prizes.

Consumers can protect themselves from online scams by:

1. Being cautious of unsolicited messages: Always verify the source of unexpected emails or texts.
2. Using secure passwords: Ensure that passwords are strong and changed regularly, and enable two-factor authentication where possible.

Two reasons why some people pay provisional tax are:

1. To avoid penalties: Paying provisional tax helps taxpayers prevent incurring penalties for underpayment at year-end.
2. To manage cash flow: Provisional payments allow taxpayers to spread their tax liability over the year, making it easier to budget.

Compound interest tends to be more expensive than simple interest because it is calculated on the initial principal as well as on the accumulated interest from previous periods. This means that the longer the money is borrowed, the more interest will accumulate due to the compounding effect.

Municipalities play a crucial role in community recovery from flood damage by taking actions such as:

1. Providing aid and safety: Offering temporary shelters and ensuring that safety measures are in place.
2. Repairing infrastructure: Addressing damaged roads and utilities promptly to restore normalcy.
3. Cleaning up: Coordinating clean-up efforts to remove debris and prevent health issues.

A high consumer price index (CPI) affects South African consumers by indicating that the cost of living is rising. This typically leads to:

1. Increased living costs: As prices rise, consumers can purchase less with the same amount of money.
2. Debts becoming more burdensome: Higher CPI can lead to greater interest costs on loans, straining financial resources.

The impact of alternative energy sources is mixed:

1. Positive impacts: Using solar energy can reduce dependency on fossil fuels and lower greenhouse gas emissions.
2. Negative impacts: Some alternative sources, like generators that run on diesel, contribute to air pollution and may harm the environment.

Ultimately, the choice of alternative energy source plays a significant role in determining the ecological impact.