Various options are provided as possible answers to the following questions - NSC Consumer Studies - Question 1 - 2023 - Paper 1
Question 1
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 - 2023 - Paper 1
Step 1
1.1.1 … collect(s) taxes on behalf of the government.
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Answer
The South African Revenue Service (SARS) is responsible for collecting taxes on behalf of the government. Therefore, the correct answer is D.
Step 2
1.1.2 Sugar tax is charged on …
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Answer
The sugar tax is levied primarily on sugary beverages, which typically include soft drinks. Hence, the correct answer is C.
Step 3
1.1.3 The cooling-off period for cancelling a contract is … working days.
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Answer
The legal cooling-off period for cancelling a contract is 5 working days, making the correct answer B.
Step 4
1.1.4 … interest is charged on the original amount only.
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Answer
Interest that is charged only on the principal amount is known as Simple interest. Therefore, the answer is C.
Step 5
1.1.5 A community-based savings club with economic and social benefits for all its members:
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Answer
Such savings clubs are commonly referred to as Stokvels, so the correct answer is B.
Step 6
1.1.6 … is the food additive most likely to have a negative effect on someone's health.
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Answer
Among the listed additives, Benzoate has been associated with potential negative health effects, so the correct answer is D.
