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Various options are provided as possible answers to the following questions - NSC Consumer Studies - Question 1 - 2018 - Paper 1

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Various options are provided as possible answers to the following questions. Choose the answer and write only the letter (A-D) next to the question numbers (1.1.1 to... show full transcript

Worked Solution & Example Answer:Various options are provided as possible answers to the following questions - NSC Consumer Studies - Question 1 - 2018 - Paper 1

Step 1

1.1.1 Interest charged or paid on the principal capital plus the interest is:

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Answer

The correct answer is A. Common interest. Common interest refers to the interest charged or paid on the principal amount along with any additional interest accumulated.

Step 2

1.1.2 The type of vegetables that are exempted from VAT:

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The correct answer is C. Fresh. Fresh vegetables are often exempt from Value Added Tax (VAT) in many jurisdictions.

Step 3

1.1.3 A non-renewable form of energy:

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The correct answer is B. Coal. Coal is classified as a non-renewable form of energy because it cannot be replenished within a human timescale.

Step 4

1.1.4 The meaning of food security:

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The correct answer is C. Food is always available for every day. Food security refers to the availability and access to sufficient food.

Step 5

1.1.5 The condition in which the arteries clog and narrow:

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The correct answer is A. Atherosclerosis. It is a condition characterized by the buildup of fatty deposits in the arteries.

Step 6

1.1.6 A contagious viral disease that attacks the liver:

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The correct answer is A. Hepatitis. Hepatitis is a viral infection that causes inflammation of the liver.

Step 7

1.1.7 Helps to maintain a healthy immune system as it keeps the body healthy and insensible healthy:

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Answer

The correct answer is D. Vitamin C. Vitamin C plays a crucial role in supporting the immune system.

Step 8

1.1.8 A consumer who wants to prevent osteoporosis but suffers from lactose intolerance, may drink:

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The correct answer is B. Soy milk. Soy milk is a suitable alternative for lactose-intolerant individuals looking to improve their dietary calcium intake.

Step 9

1.1.9 The clothing item that would be suitable for a lady with a big bust:

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The correct answer is C. Clothing item C. This item is designed to provide a flattering fit for individuals with larger busts.

Step 10

1.1.10 The clothing that puts the most emphasis on the waist:

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The correct answer is B. Clothing item B. This design accentuates the waistline.

Step 11

1.1.11 All building contractors should be registered with the ... Council.

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The correct answer is A. National Home Builders’ Regulation. This demonstrates the need for quality and standards in the construction industry.

Step 12

1.1.12 When a buyer of a property moves into the property before the bond is registered in his/her name, he or she is liable to pay:

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The correct answer is A. occupational rent. This is the rent payable for occupying a property before formal ownership.

Step 13

1.1.13 The legal document that proves ownership of a property:

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The correct answer is A. Title deed. This document legally certifies one's ownership of a property.

Step 14

1.1.14 Household appliances possess the feature so that any consumer can use:

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The correct answer is A. Functional description. This helps consumers to understand how to effectively use the appliance.

Step 15

1.1.15 A responsible consumer will ... after buying a household appliance:

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The correct answer is B. read the guarantee and contract carefully. Understanding these documents is essential for product protection.

Step 16

1.1.16 One of the following represents the operational costs of a business:

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The correct answer is B. Initial equipment purchases. These costs are fundamental for business operations.

Step 17

1.1.17 The 9 P's of a business refer to the ...

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The correct answer is B. business plan. The 9 P's outline strategies for effective business management.

Step 18

1.1.18 Production professionals help to ... a product.

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The correct answer is A. standardise. This process ensures consistency in product quality.

Step 19

1.1.19 Calculate the selling price of ONE product if the production cost is R21.90 and the profit margin is 70%:

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To calculate the selling price, use the formula:

SellingPrice=ProductionCost+(ProductionCost×ProfitMargin)Selling\, Price = Production\, Cost + (Production\, Cost \times Profit\, Margin)

Thus,

SellingPrice=R21.90+(R21.90×0.70)=R21.90+R15.33=R37.23Selling\, Price = R21.90 + (R21.90 \times 0.70) = R21.90 + R15.33 = R37.23

So, the correct answer is R 37.23.

Step 20

1.1.20 Peter’s small-scale business now delivers products to his customers. This gives his business ... over his competitors.

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The correct answer is B. market. This indicates that he has a competitive advantage.

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