Interest charged or paid on the principal capital plus the interest is:
A - NSC Consumer Studies - Question 1 - 2018 - Paper 1
Question 1
Interest charged or paid on the principal capital plus the interest is:
A. Compound interest
B. Fixed interest
C. Prime interest
D. Simple interest
The type of veg... show full transcript
Worked Solution & Example Answer:Interest charged or paid on the principal capital plus the interest is:
A - NSC Consumer Studies - Question 1 - 2018 - Paper 1
Step 1
Interest charged or paid on the principal capital plus the interest is:
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Answer
The correct answer is A. Compound interest. Compound interest is calculated on the initial principal, which also includes all of the accumulated interest from previous periods.
Step 2
The type of vegetables that are exempted from VAT:
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Answer
The correct answer is C. Fresh. Fresh vegetables are commonly exempt from VAT in various jurisdictions.
Step 3
A non-renewable form of energy:
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Answer
The correct answer is B. Coal. Coal is a non-renewable resource and a significant source of energy.
Step 4
The meaning of food security:
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Answer
The correct answer is A. Food is safe and hygienic. Food security implies having access to adequate, safe, and nutritious food.
Step 5
The condition in which the arteries clog and narrow:
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Answer
The correct answer is A. Atherosclerosis. It refers to the build-up of fats, cholesterol, and other substances in and on the artery walls.
Step 6
A contagious viral disease that attacks the liver:
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Answer
The correct answer is A. Hepatitis. Hepatitis is an infectious disease known to affect the liver.
Step 7
Helps to maintain a healthy immune system as it keeps the body functioning and insensible healthily:
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Answer
The correct answer is B. Vitamin C. Vitamin C is essential for maintaining a healthy immune system.
Step 8
A consumer who wishes to prevent osteoporosis but suffers from lactose intolerance, may drink:
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Answer
The correct answer is B. Soy milk. Soy milk is a dairy alternative beneficial for those with lactose intolerance.
Step 9
The clothing item that would be suitable for a lady with a big bust:
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Answer
Based on the clothing options presented, the best choice for a lady with a big bust is likely A. Clothing Item A, which typically provides better support.
Step 10
The clothing item that puts the most emphasis on the waist:
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Answer
The best option for emphasizing the waist would be A. Clothing Item A, designed to highlight body contours.
Step 11
All building contractors should be registered with the ... Council.
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Answer
The correct answer is A. National Home Builders’ Registration. This ensures that contractors follow regulations and standards.
Step 12
When a buyer of a property houses into the property before the bond is registered in his/her name, he or she is liable to pay:
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Answer
The correct answer is A. Occupational rent. This applies when the buyer occupies the property before formal ownership.
Step 13
The legal document that proves ownership of a property:
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Answer
The correct answer is A. Title deed. This is the official document that records ownership.
Step 14
Household appliances possess the feature so that any consumer can use it, regardless of knowledge, skills or abilities:
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Answer
The correct answer is A. Functional design. This makes appliances accessible to a broader audience.
Step 15
A responsible consumer will ... after buying a household appliance:
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Answer
The correct answer is B. Read the guarantee and contract carefully. This is crucial for understanding consumer rights.
Step 16
One of the following represents the operational costs of a business:
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Answer
The correct answer is D. Water and electricity. These are essential operational costs that businesses incur.
Step 17
75% of a business refer to the ...
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Answer
The correct answer is B. Business plan. This document outlines the business's strategy and objectives.
Step 18
Production professionals help to ... a product.
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Answer
The correct answer is A. Standardise. This ensures consistency in production.
Step 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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