Various options are provided as possible answers to the following questions - NSC Consumer Studies - Question 1 - 2021 - Paper 1
Question 1
Various options are provided as possible answers to the following questions.
Choose the correct answer and mark it by means of a cross in the ANSWER BOOK.
1.1.1 The... show full transcript
Worked Solution & Example Answer:Various options are provided as possible answers to the following questions - NSC Consumer Studies - Question 1 - 2021 - Paper 1
Step 1
1.1.1 The cool-off period in which you are allowed to cancel a contract and item bought by means of direct marketing is... working days.
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
The correct answer is C. This is because the cool-off period generally lasts for 7 working days, allowing consumers to change their minds after a purchase made via direct marketing.
Step 2
1.1.2 An example of nonrenewable energy:
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
The correct answer is A. Biomass is considered nonrenewable when the rate of consumption exceeds the rate of regeneration.
Step 3
1.1.3 Jacob started a club where each member contributes R1 000 per month to a central pool and they get money on a rotating basis. This is an example of:
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
The correct answer is A. This is a pyramid scheme, as it relies on recruiting members to contribute money for the benefit of earlier members.
Step 4
1.1.4 The initials: the last date on which the product should be used is known as...
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
The correct answer is A. Expiry date indicates the last day a product is guaranteed to be effective or safe to use.
Step 5
1.1.5 Gelignite is used as... in a chase chain.
97%
117 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
The correct answer is B. Gelignite is an explosive used in demolition and other forms of blasting.
Step 6
1.1.6 An eco-conscious consumer will select a... package.
97%
121 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
The correct answer is B. Consumers often prefer paper as it is more recyclable than plastic.
Step 7
1.1.7 ... will help to ensure that a business always has sufficient funds to operate.
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
The correct answer is A. A cash flow projection helps businesses estimate the cash inflows and outflows over a certain period.
Step 8
1.1.8 The most important factor to be considered before starting a new business is:
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
The correct answer is B. Creating a business plan is essential to outline objectives, strategies, and operational plans.
Step 9
1.1.9 The graph above represents a... curve.
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
This question requires referring to the provided graph to identify the type of curve. Typically, fashion cycles exhibit a bell-shaped curve, reflecting trends in popularity.
Step 10
1.1.10 The graph on page 4 represents the possible life span of the following:
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
The correct answer is C. The life span of an orange balloon skirt would typically display fluctuations in popularity based on fashion trends.
Step 11
1.1.11 A building contract is signed by the...
97%
117 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
The correct answer is C. The contract should include the client and contractor to legally bind them to the terms of the build.
Step 12
1.1.12 One requirement to qualify for a government subsidy:
97%
121 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
The correct answer is A. Generally, an income of more than R5 000 disqualifies individuals from receiving subsidies.
Step 13
1.1.13 When purchasing an item by means of... the item stays in the
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
The correct answer is A. A conditional sale transaction allows the seller to retain ownership until the purchaser fulfills agreed conditions.
Step 14
1.1.14 The document that proves the transfer of ownership of a property:
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
The correct answer is A. The Deed is a legal document formalizing the transfer of property ownership.
Step 15
1.1.15 A contract between a credit provider and a buyer of a property:
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
The correct answer is B. A Mortgage agreement outlines the terms between a borrower and a lender regarding the purchase of real estate.
Step 16
1.1.16 An eco-conscious consumer will select a... package.
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
The correct answer is B. As mentioned earlier, paper is typically favored for its environmental benefits.
Step 17
1.1.17 ... will help to ensure that a business always has sufficient funds to operate.
97%
117 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
The correct answer is A. Again, a cash flow projection is vital for financial planning.
Step 18
1.1.18 The most important factor to be considered before starting a new business is:
97%
121 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
The correct answer is B. Establishing a business plan serves as a solid foundation for any new venture.
Step 19
1.1.19 The purpose of checking a product in a business is to ensure that...
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
The correct answer is A. Monitoring customer feedback maintains quality assurance and standards.
Step 20
1.1.20 Increases the awareness and viability of a product.
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
The correct answer is A. Utilizing effective marketing strategies enhances product visibility and market share.
