2.1 Name the document that is a legal agreement between two or more parties - NSC Consumer Studies - Question 2 - 2021 - Paper 1

Two examples of fossil fuels that can be used as a form of energy are:

1. Coal / paraffin / kerosene
2. Natural Gas / Gas

The repo rate is defined as the interest rate at which commercial banks borrow money from the South African Reserve Bank. It is also referred to as the benchmark interest rate used to signal the central bank's monetary policy.

Consumers can save electricity when using household lights by:

1. Switching lights off when not in use.
2. Using energy-efficient bulbs like CFL or LED instead of traditional incandescent bulbs.
3. Using solar lights in the garden or outdoor areas.

Individuals who are likely to earn an income that does not have tax withheld at source should pay provisional tax. This includes the self-employed and certain tax residents.

Provisional tax is paid to the South African Revenue Service (SARS) in two installments during the tax year,

1. The first payment is based on the income expected for the current year.
2. A second payment is made later, reconciling the first payment with the actual income earned.

The type of club described is a Stokvel, which is a community-based savings club.

To be considered a legal club, Siyabuthana must:

1. Have all members contribute a fixed amount to a communal fund.
2. Outline how the money will be managed, including who will organize and manage it.
3. Hold regular meetings to discuss the club's activities and progress.

To save water using taps, the community should:

1. Ensure there are no leaks and regularly check for drips.
2. Use aerators or flow restrictors to reduce water flow without sacrificing pressure.
3. Avoid running water while brushing teeth or washing hands.

To save water with toilets, the community should:

1. Install dual flush systems that allow for different flush volumes.
2. Check for leaks regularly and fix them immediately to avoid wasting water.
3. Avoid flushing anything other than waste and toilet paper to minimize flushing frequency.

A scam is defined as a deceptive scheme designed to con people, often involving fraudulent business deals or solicitations that are generally associated with organized crime.

Three warning signs that this advertisement is a scam include:

1. It requests money upfront without providing a verified service in return.
2. There is no company name or contact information that can be easily verified.
3. Poorly phrased or vague terms such as 'the first 30 models' which suggest a high-pressure sales tactic.

The lack of refuse removal can have several negative impacts on a community, including:

1. Health risks posed by accumulated waste attracting pests and diseases.
2. Environmental degradation, leading to unsightly neighborhoods and potential damages to wildlife.
3. Social issues, such as reduced community pride and increased unrest among residents due to poor living conditions.

The increase in food prices from 2019 to 2020 can be attributed to several factors. Primarily, inflation has caused the cost of goods and services, including food, to rise. In addition, increased production costs, such as labor and transportation, have led to higher retail prices. Lastly, external factors such as drought conditions have disrupted supply chains, further exacerbating price increases.