2.1 Name the document that promises to repair, replace or refund appliances by the seller or the manufacturer after being bought - NSC Consumer Studies - Question 2 - 2023 - Paper 1

Households typically must pay for municipal services such as:

• Water supply.
• Electricity.
• Sewage sanitation.
• Refuse removal.

Here are three ways to save water when using a washing machine:

1. Use the appropriate water level setting to match the amount of laundry.
2. Wash full loads only to maximize efficiency.
3. Use high-efficiency washing machines, which consume less water per load.

Four ways to save electricity while cooking are:

1. Match the size of pots and pans to the stove burners to maximize energy efficiency.
2. Use lids on pots to retain heat and cook food faster.
3. Switch off the stove a few minutes before cooking is completed, allowing residual heat to finish cooking.
4. Use the microwave for smaller meals instead of the oven, as it generally consumes less energy.

Two common practices among scams include:

1. Requesting personal or financial information unexpectedly.
2. Promising unrealistic returns or rewards for minimal effort, often catching the individual off guard.

Consumers can protect themselves from online scams by taking several precautions:

• Regularly updating passwords and employing strong password strategies.
• Being cautious of unsolicited emails or messages asking for personal information.
• Using well-known security software to detect and block suspicious activities.
• Always verifying the identity of the sender before sharing sensitive information.

Some reasons individuals may pay provisional tax include:

1. Individuals who earn income that is not subject to withholding taxes must make these payments to avoid incurring a large tax bill at year-end.
2. Those who derive income from multiple sources may need to make provisional payments to ensure they meet their tax obligations as they arise throughout the tax year.

Compound interest is usually more expensive than simple interest because:

1. Interest is calculated on both the initial principal and the accumulated interest from previous periods, leading to growth at a faster rate.
2. This can result in significantly higher overall payments if one does not pay off the principal regularly.

Municipalities play a crucial role in community recovery post-flood by:

1. Providing immediate support, such as safe housing and medical aid for victims.
2. Assessing and repairing infrastructure, like roads and utilities, to facilitate recovery efforts.
3. Implementing long-term strategies to prevent future flooding, including improved drainage and floodplain management.

A high consumer price index (CPI) can impact South African consumers in several ways:

1. It indicates higher inflation rates, meaning consumers face increased costs for goods and services.
2. This may lead to decreased purchasing power, making it harder for families to afford basic needs.
3. Higher CPI can also lead banks to increase interest rates, making loans more expensive.

The impact of alternative sources of energy on the environment may be categorized into positive and negative effects:

1. Positive impacts include the use of solar energy, which reduces reliance on fossil fuels and has minimal pollution.
2. Negative impacts may arise from using generators that emit greenhouse gases and require fossil fuels.
3. Overall, while alternative energy sources can offer immediate relief during load-shedding, their long-term environmental impacts must be carefully considered.