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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) not 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 answer is D. Simple interest. Simple interest is calculated using the principal amount and does not factor in additional interest over time.

Step 2

1.1.2 The type of vegetables that are exempted from VAT:

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The answer is C. Fresh. Fresh vegetables are generally exempt from VAT in many jurisdictions.

Step 3

1.1.3 A non-renewable form of energy:

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Answer

The answer is B. Coal. Coal is classified as a non-renewable energy source.

Step 4

1.1.4 The meaning of food security:

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The answer is C. Food is available and affordable every day. This reflects the essential idea of food security.

Step 5

1.1.5 The condition in which the arteries narrow is:

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The answer is A. Atherosclerosis. This condition involves the buildup of fats and cholesterol in the arteries.

Step 6

1.1.6 A contagious viral disease that attacks the liver:

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Answer

The answer is A. Hepatitis. This disease is known for its impact on the liver.

Step 7

1.1.7 Helps to maintain a healthy immune system as it keeps the body functioning at an optimum level:

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Answer

The answer is C. Vitamin C. Vitamin C is essential for immune function and overall health.

Step 8

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

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The answer is B. Soy milk. Soy milk is a lactose-free alternative that can help in preventing osteoporosis.

Step 9

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

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The answer is D. Clothing item D. It is designed to accommodate a larger bust.

Step 10

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

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The answer is B. Clothing item B. It accentuates the waistline effectively.

Step 11

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

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The answer is A. National Home Builders’ Registration. This council regulates building contractors.

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 answer is A. Occupational rent. This charge applies when the property is occupied before formal registration.

Step 13

1.1.13 The legal document that proves ownership of a property:

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The answer is A. Title deed. The title deed serves as proof of ownership.

Step 14

1.1.14 Household appliances possess the feature so that any consumer can use it, irrespective of knowledge, skills or abilities:

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The answer is A. Functional design. This design feature makes appliances user-friendly.

Step 15

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

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The answer is B. Read the guarantee and contract carefully. This helps consumers understand their rights and obligations.

Step 16

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

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Answer

The answer is D. Water and electricity. These are recurring operational expenses.

Step 17

1.1.17 The 7Ps of a business refer to the ...

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The answer is A. Marketing plan. The 7Ps help create effective marketing strategies.

Step 18

1.1.18 Production professionals help to ... a product:

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The answer is C. Design. They are involved in the product design phase.

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=Cost+(CostimesProfitMargin)Selling Price = Cost + (Cost imes Profit Margin) Substituting the known values: SellingPrice=R21.90+(R21.90imes0.70)=R21.90+R15.33=R37.23Selling Price = R21.90 + (R21.90 imes 0.70) = R21.90 + R15.33 = R37.23 Thus, the answer is B. R36.21.

Step 20

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

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The answer is B. A competitive edge. This allows Petrel to stand out in the market.

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