2.1 Name the document that is a legal agreement between two or more parties - NSC Consumer Studies - Question 2 - 2021 - Paper 1
Question 2
2.1 Name the document that is a legal agreement between two or more parties.
2.2 Give TWO examples of fossil fuels as a form of energy.
2.3 Define the term repo ra... show full transcript
Worked Solution & Example Answer:2.1 Name the document that is a legal agreement between two or more parties - NSC Consumer Studies - Question 2 - 2021 - Paper 1
Step 1
Name the document that is a legal agreement between two or more parties.
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Answer
The document that is a legal agreement between two or more parties is known as a Contract.
Step 2
Give TWO examples of fossil fuels as a form of energy.
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Answer
Coal
Natural Gas / Gas / Oil Parafin / Kerosene
Step 3
Define the term repo rate.
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Answer
The repo rate is the interest rate at which commercial banks borrow money from the Reserve Bank. This rate influences the lending rates in the economy.
Step 4
State THREE ways in which consumers can save electricity when using household lights.
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Answer
Switch off lights when not in use.
Use energy-efficient bulbs, such as CFL or LED.
Utilize natural light whenever possible.
Step 5
Name who should pay provisional tax.
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Individuals or entities whose taxable income exceeds a certain threshold are required to pay provisional tax. This includes self-employed individuals and businesses.
Step 6
Explain how provisional tax is paid to SARS.
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Provisional tax is paid to the South African Revenue Service (SARS) in two installments during the year, based on estimated taxable income. If the tax is based on income earned in the previous year, it should be adjusted as required.
Step 7
Identify the type of club above.
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Answer
The type of club described is a community-based savings club.
Step 8
State THREE requirements that Siyabuthana must meet for them to be a legal club.
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All members must know how much money will be invested and who will manage it.
Contributions must be made to a common fund.
Regular meetings must be held to discuss club matters.
Step 9
Advise the community on how to use the following effectively to save water: Taps.
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Answer
Fix dripping taps immediately to prevent water wastage.
Avoid leaving the tap running while brushing teeth or washing hands.
Install a water-saving tap aerator to reduce flow.
Step 10
Advise the community on how to use the following effectively to save water: Toilets.
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Replace older toilets with water-efficient models.
Install a dual-flush system to control the amount of water used for flushing.
Avoid using toilets as waste bins, only flush when necessary.
Step 11
Define the term scam.
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A scam is a deceptive scheme typically involving fraudulent practices designed to con individuals into parting with their money or personal information.
Step 12
Identify and explain THREE warning signs indicating that this advertisement is a scam.
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Request for payment upfront without a clear guarantee of services being rendered.
Lack of verifiable information about the modeling company or designer.
Pressure to act quickly—this is a common tactic used in scams.
Step 13
Discuss how the lack of refuse removal will have a negative impact on a community.
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Answer
The lack of refuse removal can lead to unsanitary conditions, fostering the spread of diseases. It can also create environmental hazards, affect local wildlife, and diminish property values, as uncollected waste may deter new residents or businesses.
Step 14
Write a paragraph to justify the increase in food prices from 2019 to 2020.
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The increase in food prices from R3 057.21 in July 2019 to R3 412.42 in July 2020 can be attributed to several factors. Inflation has driven up the prices of goods and services, including food production costs. Additionally, supply chain disruptions caused by economic factors and possibly drought conditions in certain areas led to decreased food supply, further exacerbating price hikes.
