The percentage at which the price of goods and services increases:
A Interest rate
B Inflation rate
C Prime interest rate
D Repo rate
The correct answer is Inflation rate.
The inflation rate measures how much the prices of goods and services increase over time, reducing the purchasing power of money.
The body that collects taxes on behalf of the government:
A SABC
B SARS
C SABS
D SARB
The correct answer is SARS.
The South African Revenue Service (SARS) is responsible for collecting taxes, including income tax and VAT, to fund government services.
An example of non-renewable energy:
A Wind power
B Hydro power
C Fossil fuels
D Solar power
The correct answer is Fossil fuels.
Fossil fuels (coal, oil, and natural gas) take millions of years to form and cannot be replaced once depleted, making them non-renewable.
An illegal pyramid scheme …
A pays out equal amounts of money to all members.
B sells goods or services to customers.
C follows fair-trade practices in all dealings.
D pays members’ compensation for recruiting new members.
The correct answer is pays members’ compensation for recruiting new members.
Pyramid schemes rely on recruitment rather than selling real products, making them unsustainable and illegal in many countries.
The type of bread that is exempted from VAT:
A Brown bread
B White bread
C Rye bread
D Whole-wheat bread
The correct answer is Brown bread.
In South Africa, brown bread is exempt from VAT to make basic food items more affordable for consumers.
… has an incubation period of 28 days or three to five weeks.
A E. coli
B Dysentery
C Gastro-enteritis
D Hepatitis A
The correct answer is Hepatitis A.
Hepatitis A is a viral infection affecting the liver, with an incubation period of 28 days to five weeks before symptoms appear.
This information found on a food label will assist in making healthier food choices:
A Country of origin
B Manufacturer’s details
C Serving suggestions
D Nutritional information
The correct answer is Nutritional information.
Nutritional information on food labels helps consumers compare products and make healthier dietary choices.
… adds to the colour of some potato crisps.
A Lecithin
B MSG (monosodium glutamate)
C Tartrazine
D Aspartame
The correct answer is Tartrazine.
Tartrazine is a yellow food dye used in processed foods, including potato crisps, to enhance color.
A serious gluten intolerance may lead to …
A celiac/coeliac disease.
B hypertension.
C anaemia.
D hyperglycaemia.
The correct answer is celiac/coeliac disease.
Celiac disease is an autoimmune disorder where gluten consumption damages the small intestine.
… are irradiated because of their high bacterial load.
A Yoghurt and cheese
B Herbs and spices
C Apple and orange juice
D Bread and flour
The correct answer is Herbs and spices.
Herbs and spices are often irradiated to kill bacteria and extend shelf life.
The vertical white pin stripes on the jacket will make the wearer appear …
A narrower and taller.
B broader and taller.
C smaller and shorter.
D shorter and narrower.
The correct answer is narrower and taller.
Vertical stripes create an optical illusion that elongates the body, making the wearer look slimmer and taller.
… is/are the illegal copying of an original clothing item.
A Parallel imports
B Black goods
C Brand piracy
D Grey goods
The correct answer is Brand piracy.
Brand piracy refers to the unauthorized copying and sale of branded clothing, violating copyright laws.
Computerized pattern design methods and the development of new textiles are a result of … factors influencing fashion changes.
A Political
B Technological
C Economical
D Social
The correct answer is Technological.
Technology has revolutionized fashion by introducing new fabrics, digital design tools, and faster production methods.
In a … transaction, the appliance stays with the seller until it is fully paid.
A Lay-by
B Credit card
C Instalment sale
D Store card
The correct answer is Lay-by.
In a lay-by transaction, the customer pays in installments and receives the item only after full payment.
Buying a sectional title property automatically makes one a member of a/an …
A Home builder’s council.
B Estate agent association.
C Rental tribunal.
D Body corporate.
The correct answer is Body corporate.
A body corporate manages the shared property and common areas in a sectional title scheme.
The purpose of good stock control in a business is to ensure that …
A the cheapest stock is bought.
B it is not necessary to organize stock.
C time and money is not wasted.
D extra stock is always bought.
The correct answer is time and money is not wasted.
Effective stock control helps businesses manage inventory efficiently, reducing waste and costs.
John’s business will get a lot of exposure because he uses … to promote his business.
A Electronic media
B Print media
C Direct mail
D Outdoor media
The correct answer is Electronic media.
Advertising on a school’s website is a form of electronic media, providing widespread visibility.
John’s business has consumer appeal because he …
A has a business at a school.
B makes various sandwiches.
C caters for school functions.
D advertises on the school’s website.
The correct answer is has a business at a school.
Operating within a school gives John access to a steady customer base of students and staff.
Select a reason that may negatively affect the financial sustainability of John’s business:
A Advertising on social media
B Making sandwiches for school functions
C Using the local bakery
D Schools closing at certain times of the year
The correct answer is Schools closing at certain times of the year.
When schools close, John’s primary customer base disappears, reducing his income.
John is a responsible producer because he …
A advertises on the school’s website.
B produces a variety of sandwiches.
C buys bread from the local bakery.
D sells to both students and staff.
The correct answer is produces a variety of sandwiches.
Offering a range of products meets diverse consumer needs, making John a responsible business owner.
Question
A savings club which benefits all its members:
A. Society
B. Stokvel
C. Pyramid scheme
D. Book club
The correct answer is: B. Stokvel
Stokvels are community-based savings clubs where members contribute money regularly and then share the pooled amount among themselves, benefiting all participants. They are legitimate and not based on fraudulent schemes like pyramid schemes.
The increase in the price of goods and services:
A. Interest rate
B. VAT rate
C. Inflation rate
D. Prime rate
The correct answer is: C. Inflation rate
Inflation refers to the overall increase in the price of goods and services within an economy, leading to a decrease in purchasing power.
The repo rate is the interest rate …
A. used to calculate compound interest.
B. which the Reserve Bank charges banks.
C. charged on personal loans.
D. charged on home loans.
The correct answer is: B. which the Reserve Bank charges banks.
The repo rate is the rate at which the central bank (Reserve Bank) lends money to commercial banks, influencing the interest rates for loans and savings within the economy.
The consumer price index is used to …
A. calculate the official rate of inflation.
B. set the official repo rate.
C. assess the impact of price increases on households.
D. determine the price of VAT-exempt foods.
The correct answer is: A. calculate the official rate of inflation.
The Consumer Price Index (CPI) tracks the changes in the price level of a basket of goods and services, helping calculate inflation.
Food items that are exempted from VAT:
A. White bread and samp
B. Vegetables and pasta
C. Cake flour and oil
D. Eggs and rice
The correct answer is: D. Eggs and rice
Certain staple foods, including eggs and rice, are exempt from VAT in many countries to make them more affordable for the population.
The picture represents a person suffering from the following food-related health condition:
A. Diabetes
B. Osteoporosis
C. Anaemia
D. Hypertension
The correct answer is: B. Osteoporosis
Osteoporosis is a condition characterized by weakened bones and a higher risk of fractures. This condition is often linked to dietary deficiencies, particularly in calcium and vitamin D.
Food irradiation helps to …
A. increase the nutritional value.
B. ripen fruits and vegetables.
C. destroy bacteria.
D. remove pesticides.
The correct answer is: C. destroy bacteria
Food irradiation uses ionizing radiation to kill harmful bacteria, viruses, and parasites in food, thus improving food safety and extending shelf life.
Food with a high glycaemic index will …
A. cause a rapid rise in the blood glucose levels.
B. release glucose slowly into the blood.
C. cause a gradual rise in the blood glucose levels.
D. alter the blood glucose levels steadily.
The correct answer is: A. cause a rapid rise in the blood glucose levels.
Foods with a high glycaemic index (GI) cause a quick spike in blood glucose levels, which can be problematic for people with insulin resistance or diabetes.
Consumers enjoy food security when they …
A. start a vegetable garden.
B. are grant recipients for 6 months.
C. take nutritional supplements.
D. eat adequate and safe food.
The correct answer is: D. eat adequate and safe food
Food security means having access to enough nutritious and safe food for an active and healthy life, not limited to growing one’s own food or taking supplements.
Vitamin … is an example of an antioxidant.
A. K
B. C
C. D
D. B
The correct answer is: B. C
Vitamin C is a well-known antioxidant that helps protect cells from damage by neutralizing free radicals.
Mary would like to camouflage her wide waist. This could be best achieved by wearing the following:
A. Dress with horizontal stripes
B. Bright-coloured pants
C. Dress with a big belt
D. A-line dress
The correct answer is: D. A-line dress
An A-line dress flares out from the waist, creating a more balanced silhouette and camouflaging a wider waist.
The stove top that is safe to use, easy to clean, and energy-efficient:
A. Gas burner
B. Induction hob
C. Spiral plate
D. Solid plate
The correct answer is: B. Induction hob
Induction hobs are energy-efficient because they heat directly through electromagnetic fields, are easy to clean, and offer precise temperature control.
A body corporate manages the following type of home ownership:
A. Free title
B. Full title
C. Sectional title
D. Single title
The correct answer is: C. Sectional title
A body corporate is responsible for managing the communal areas of properties owned under sectional title, where the ownership is divided into sections, each owned individually.
… is an advantage of full-title ownership.
A. Using communal facilities
B. Safety during the day
C. Cheaper maintenance
D. A sound investment
The correct answer is: D. A sound investment
Full-title ownership allows the property owner to have complete control and ownership of the land and property, often considered a solid financial investment.
The least expensive method to pay for a household appliance:
A. Instalment sale transaction
B. Credit card
C. Personal loan
D. Cash
The correct answer is: D. Cash
Paying with cash avoids additional interest or fees that come with credit options like instalment sales, credit cards, and loans.
Start-up costs for a business include …
A. rent, electricity, water, salaries.
B. licence, stock, rental deposit, equipment.
C. insurance, licence, stationery, wages.
D. telephone, electricity, water, transport.
The correct answer is: B. licence, stock, rental deposit, equipment
Start-up costs typically involve essential investments needed to establish the business, including legal licensing, stock, and necessary equipment.
The stage when a business could reach its best sales scenario:
A. 50% of the products are sold
B. Quality products are produced
C. Sales cover all expenses
D. Fewer products than required are produced
The correct answer is: C. Sales cover all expenses
A business reaches an ideal point when its sales not only cover operational costs but also generate profit.
An example of the advertising media most suitable for a small-scale business:
A. Radio
B. Television
C. Cinema
D. Flyers
The correct answer is: D. Flyers
Flyers are a cost-effective advertising method that allows small businesses to reach their local audience directly and at a low cost.
… ensures that there are enough raw materials for production.
A. Stock control
B. Product specification
C. Quality control
D. Cost accounting
The correct answer is: A. Stock control
Stock control ensures that a business has the right amount of raw materials on hand to avoid production delays.
Reducing environmental waste and pollution contributes to …
A. financial stability.
B. sustainable production.
C. time management.
D. loss of income.
The correct answer is: B. sustainable production
Minimizing waste and pollution ensures that production processes remain environmentally sustainable in the long term.
Question: … collect(s) taxes on behalf of the government.
A. The Reserve Bank
B. Commercial banks
C. Parliament
D. The South African Revenue Service (SARS)
The correct answer is: D. The South African Revenue Service (SARS)
SARS is responsible for collecting taxes on behalf of the government.
Question: Sugar tax is charged on …
A. milkshakes.
B. coffee.
C. soft drinks.
D. rooibos tea.
The correct answer is: C. soft drinks
The sugar tax specifically targets sugary beverages like soft drinks.
Question: The cooling-off period for cancelling a contract is … working days.
A. 3
B. 5
C. 8
D. 14
The correct answer is: B. 5
According to consumer protection laws, there is a 5-day cooling-off period for contract cancellation.
Question: … interest is charged on the original amount only.
A. Compound
B. Fixed
C. Simple
D. Variable
The correct answer is: C. Simple
Simple interest is calculated only on the principal amount, not on accumulated interest.
Question: A community-based savings club with economic and social benefits for all its members:
A. Scam
B. Stokvel
C. Community club
D. Multilevel scheme
The correct answer is: B. Stokvel
A stokvel is a community-based savings group where members contribute to a common fund for mutual benefits.
Question: … is the food additive most likely to have a negative effect on someone’s health.
A. Pectin
B. Lecithin
C. Gelatine
D. Benzoate
The correct answer is: D. Benzoate
Benzoate is a food preservative that can cause allergic reactions and other health issues in some individuals.
Question: … prevent foods from turning brown.
A. Emulsifiers
B. Antioxidants
C. Stabilisers
D. Bleaches
The correct answer is: B. Antioxidants
Antioxidants prevent foods from browning by slowing down oxidation processes.
Question: The best food source of iron:
A. Ripe bananas
B. Ox liver
C. Pickled beetroot
D. Whole-wheat bread
The correct answer is: B. Ox liver
Ox liver is rich in iron, which is essential for blood health and preventing anemia.
Question: The nutrient that assists with the absorption of iron:
A. Vitamin A
B. Vitamin B
C. Vitamin B12
D. Vitamin C
The correct answer is: D. Vitamin C
Vitamin C enhances the absorption of iron from plant-based sources.
Question: DNA molecules are used in … to alter the characteristics of food.
A. processed food
B. organically grown food
C. genetically modified food
D. irradiated food
The correct answer is: C. genetically modified food
Genetic modification involves altering the DNA of organisms to improve or introduce desired traits.
Question: The denim jacket above can be classified as …
A. traditional fashion.
B. vintage fashion.
C. a fad.
D. classic fashion.
The correct answer is: D. classic fashion
A denim jacket is a timeless piece that remains popular across generations.
Question: The length of the jacket will make the wearer appear …
A. shorter and wider.
B. bigger and taller.
C. taller and thinner.
D. smaller and shorter.
The correct answer is: A. shorter and wider
A waist-length jacket can create the illusion of a shorter and broader silhouette.
Question: An advantage of buying household appliances on an instalment sale transaction:
A. No interest is added to the outstanding amount.
B. It remains in the shop until the last payment is made.
C. It can be used while still paying it off.
D. It is cheaper than a credit card transaction.
The correct answer is: C. It can be used while still paying it off
With instalment plans, you can start using the appliance right away while making monthly payments.
The cash price of an appliance is R6 499,95. The instalment price is R400 per month for 30 months and the deposit is R650,00.
Question: The cost of purchasing the appliance on an instalment sale transaction:
A. R6 499,95
B. R7 149,95
C. R12 000,00
D. R12 650,00
The correct answer is: D. R12 650,00
The total cost includes the deposit and the total of monthly payments over the term of the instalment.
Question: The type of housing where an agreement is signed for a specific period of time:
A. Renting
B. Buying
C. Building
D. Full title
The correct answer is: A. Renting
Renting involves signing a lease agreement for a specified period, typically with regular payments.
Question: … ensures that the required set standards of a product are met.
A. Stock control
B. Time management
C. Quality control
D. Financial control
The correct answer is: C. Quality control
Quality control processes ensure that products meet specific standards and specifications.
Question: Value for money/competition-based pricing …
A. adds all the costs, including mark-up.
B. prices products according to demand.
C. is used to price unique products.
D. is set similar to other products.
The correct answer is: D. is set similar to other products
This pricing strategy aims to make products competitively priced compared to similar products in the market.
Question: Production will be most efficient when …
A. a good marketing strategy is used.
B. financial resources are available.
C. workers are regularly trained.
D. staff is well paid.
The correct answer is: C. workers are regularly trained
Regular training improves employee skills, which enhances productivity and efficiency.
Question: A feasibility study is conducted to … of a business.
A. check the movement of money
B. identify strengths and weaknesses
C. meet the targets
D. evaluate the sales scenario
The correct answer is: B. identify strengths and weaknesses
A feasibility study analyzes the viability of a business idea by assessing its strengths, weaknesses, opportunities, and risks.
Question: It is advisable for businesses to use local raw materials because they …
A. offer good value for money.
B. have no delivery charge.
C. are easy to obtain.
D. are easy to manage.
The correct answer is: C. are easy to obtain
Local raw materials are often more readily available, reducing supply chain issues and costs.