NSC Consumer Studies Factors influencing consumer buying behaviour: Various options are provided as

Question

Various options are provided as possible answers to the following question. Choose the correct answer and write only the letter (A) to (E) next to the question numbers (1.1.1 - 1.1.20) in the ANSWER BOOK.

1.1.1 _______ allows a consumer to cancel a contract without financial implications.
A) verbal agreement
B) conditional grant
C) fair business practice
D) written consent
E) periodic review

1.1.2 A written promise to repair or replace an article if it breaks is called _______.
A) a warranty
B) an extended guarantee
C) a service
D) a contract
E) insurance

1.1.3 The consumer price index (CPI) _______ is used to calculate the cost of goods and services.
A) indicates the change in the average cost of goods and services
B) describes the average change in the price level of a representative basket of goods and services
C) measures the financial data of the product's selling producer.
D) shows the changes in national prices after heating water.
E) provides the income of the manufacturer's recent sales.

1.1.4 _______ interest is calculated on the interest and original amount.
A) Simple
B) Compound
C) Risk
D) Speculative
E) Direct

1.1.5 Which organization is responsible for regulating glucose levels?
A) Insulin
B) Cholecystokinin
C) Glucagon
D) Hemoglobin
E) Adrenaline

1.1.6 The disease with the longest incubation period:
A) Dysentery
B) Typhoid
C) Leprosy
D) HIV/AIDS
E) Ebola

1.1.7 The method by which the product should remain on the shelf is:
A) Sell-by date
B) Best-before date
C) Shelf-life
D) Expiry date
E) Damage assessment

1.1.8 Food which inhibits the growth of harmful bacteria includes:
A) salt
B) sugar
C) acid
D) food preservatives
E) sodium

1.1.9 The type of antibiotics is forbidden:
A) True
B) False

1.1.10 Ascent factor that speeds up fashion change:
A) Reason
B) Design
C) Fabric
D) Time
E) Clothing recyclability

1.1.11 A job, which is included in a work contract specifying what a worker is supposed to work on, is:
A) a wage
B) an emolument
C) a salary
D) a right
E) a task

1.1.12 Transactions will charge interest and administration costs.
A) Lay-buy
B) Credit card
C) Instalment sale
D) Direct credit payment

1.1.13 Help in renting a property and his financial responsibility while renting is by:
A) lease
B) property manager
C) tenant
D) landlord
E) lease agreement

1.1.14 The means of the NBRC is to:
A) ensure fair treatment of the property
B) protect the rights of tenants
C) uphold the interests of property owners
D) explain the rationale behind housing construction.
E) guide the management of housing development.

1.1.15 A method that a business may lose money over time or failure is:
A) risk protection
B) an accountant
C) a sales target
D) a business plan
E) a discuss point

1.1.16 A business research is:
A) an outreach research
B) a marketing research
C) an academic analysis
D) a competitive strategy
E) a strategic plan

1.1.17 Improving productivity will:
A) benefit the efficiency of a business.
B) enhance the effectiveness of the administration.
C) lower the amount of resources for production.
D) maintain quality control.
E) enrich the purchasing power of consumers.

1.1.18 The price of the product if the mark-up is 20%:
A) R28.60
B) R22.50
C) R29.60
D) R26.50
E) R46.50

1.1.19 Training of workers in a business improves...
A) product pricing.
B) interest.
C) return.
D) human skills.

Various options are provided as possible answers to the following question - NSC Consumer Studies - Question 1 - 2021 - Paper 1

Worked Solution & Example Answer:Various options are provided as possible answers to the following question - NSC Consumer Studies - Question 1 - 2021 - Paper 1

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