One TERM for each of the following descriptions - NSC Consumer Studies - Question 1 - 2023 - Paper 1
Question 1
One TERM for each of the following descriptions. Write only the term next to question numbers (1.21 to 1.26) in the ANSWER BOOK.
1.2.1 All members contributing to a... show full transcript
Worked Solution & Example Answer:One TERM for each of the following descriptions - NSC Consumer Studies - Question 1 - 2023 - Paper 1
Step 1
1.21 All members contributing to a retirement fund.
96%
114 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
Stokvel
Step 2
1.22 Unfair business practices within a scheme.
99%
104 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
Unfair business practice
Step 3
1.23 A legal agreement where one party is allowed to avoid liability.
96%
101 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
Exemption clause
Step 4
1.24 A period in which a consumer can cancel a contract without penalties.
98%
120 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
Cooling-off period
Step 5
1.25 A scheme where income is earned from recruiting new members.
97%
117 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
