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. Common interest
B. Fixed interest
C. Prime interest
D. Simple interest
The type of vegeta... 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 interest charged or paid on the principal capital plus the interest is called D. Simple interest. This type of interest is straightforward and is calculated solely on the original principal amount.
Step 2
The type of vegetables that are exempted from VAT:
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Answer
The type of vegetables exempt from VAT typically includes items that are less processed. The correct answer is C. Fresh.
Step 3
A non-renewable form of energy:
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Answer
Among the options provided, the non-renewable energy form is B. Coal, which is derived from fossil fuels.
Step 4
The meaning of food security:
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Answer
Food security primarily refers to the availability of sufficient quantity and quality of food. Thus, the correct answer is D. Food is available in sufficient quantities.
Step 5
The condition in which the arteries clog and narrow:
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Answer
The condition characterized by the hardening and narrowing of arteries is known as A. Atherosclerosis.
Step 6
A contagious viral disease that attacks the liver:
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Answer
Among the options listed, the viral disease that affects the liver is B. Hepatitis B.
Step 7
Helps to maintain a healthy immune system as it keeps the body balanced and insensible:
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Answer
To support the immune system effectively, one should include vitamins, specifically C. Vitamin C, which is crucial for immune function.
Step 8
A consumer who wants to prevent osteoporosis but suffers from lactose intolerance may try:
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Answer
For someone with lactose intolerance, a suitable option would be A. strawberry-flavoured milk that contains no lactose.
Step 9
The clothing item that would be suitable for a lady with a big bust:
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Answer
The clothing item that would best accommodate a larger bust would be A. Clothing item A.
Step 10
The clothing item that puts the most emphasis on the waist:
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Answer
The item that accentuates the waistline the most would likely be B. Clothing item B.
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.
Step 12
When a buyer of a property moves into the property before the bond is registered in his/her name...
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Answer
In such cases, the buyer is liable to pay A. occupational rent.
Step 13
The legal document that proves ownership of a property:
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The title document that proves property ownership is referred to as the A. Title deed.
Step 14
Household expenditure pressures the feature that so many consumers can use expertise, knowledge, skills or abilities:
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Answer
This feature is referred to as A. Functional discretion.
Step 15
A responsible consumer will ... after buying a household appliance:
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A responsible consumer will B. read the guarantee and contract carefully to ensure proper understanding of the terms.
Step 16
One of the following represents the operational costs of a business:
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Answer
Operational costs include various expenses such as utilities and equipment expenses. Thus, the correct answer is D. Water and electricity.
Step 17
75% of a business refer to the ...
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This typically refers to the C. business plan, which outlines a strategic approach.
Step 18
Production professionals help to ... a product.
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These professionals aid in ensuring the standardization of products, which is represented by A. standardise.
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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Answer
To find the selling price, use the formula: Selling Price = Production Cost + (Production Cost × Profit Margin). Thus,