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. Simple interest
B. Fixed interest
C. Prime interest
D. Compound interest
The type of vege... 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 D. Compound interest, as it accounts for interest 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, as fresh vegetables generally fall under the category of essential food items that are exempt from Value Added Tax.
Step 3
A non-renewable form of energy:
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Answer
The correct answer is B. Coal, as it is a non-renewable resource that cannot be replaced on a human timescale.
Step 4
The meaning of food security:
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Answer
The correct answer is C. Food is available at all times to all needy persons, implying a stable and reliable food supply.
Step 5
The condition in which the arteries clog and narrow:
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Answer
The correct answer is A. Atherosclerosis, which involves cholesterol and fats building up in the walls of arteries.
Step 6
A contagious viral disease that attacks the liver:
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Answer
The correct answer is A. Hepatitis, specifically Hepatitis A, B, or C, which are known for causing liver infection.
Step 7
Helps to maintain a healthy immune system as it keeps the body strong and insatiable healthy:
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Answer
The correct answer is B. Vitamin C, which is essential for immune function and overall health.
Step 8
A consumer who wants to prevent osteoporosis but suffers from lactose intolerance may try:
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Answer
The correct answer is B. Soy milk, as it's a non-dairy alternative that provides calcium without lactose.
Step 9
The clothing item that would be suitable for a lady with a big bust:
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Answer
The correct answer is C. Clothing item C, as it provides the necessary support and structure.
Step 10
The clothing that puts the most emphasis on the waist:
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Answer
The correct answer is A. Clothing item A, as it is designed to accentuate the waistline.
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, which is necessary for legal compliance.
Step 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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Answer
The correct answer is A. occupational rent, which is the rent payable for occupying a property before ownership is transferred.
Step 13
The legal document that proves ownership of a property:
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Answer
The correct answer is B. Title deed, as it serves as the legal proof of property ownership.
Step 14
Household expenditure portrays the feature that so many consumers can use, irrespective of their knowledge, skills or abilities:
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Answer
The correct answer is A. Functional discretion, as it reflects a wide range of consumer behavior.
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, ensuring informed decisions.
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, as these are recurring operational costs for any business.
Step 17
8% of a business refer to the ...
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Answer
The correct answer is B. break-even point, essential for determining the minimum sales needed to cover costs.
Step 18
Production professionals help to ... a product.
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Answer
The correct answer is A. standardise, ensuring consistent quality and efficiency in production.
Step 19
Calculate the selling price of ONE product if the production cost is R21.09 and the profit margin is 70%:
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Answer
The selling price is calculated using the formula: Selling Price = Cost + (Cost * Profit Margin). Thus, Selling Price = R21.09 + (R21.09 * 0.7) = R35.00.
Step 20
Petër’s small-scale business now delivers products to his customers. This gives his business ... over his competitors.
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Answer
The correct answer is B. a strategic advantage, as it differentiates his business in the marketplace.
