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What is VAT?
What is the formula for simple interest?
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What is the standard VAT rate in South Africa?
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What is the term for the amount carried over from the previous account statement?
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What type of bill is charged for services such as water, electricity, and refuse removal?
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What information is included on a till slip to identify the shop?
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Why is it important to verify the total amount paid and the resulting balance on an account statement?
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What is the term for the maximum amount of credit allowed on a store account?
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What is the purpose of calculating the net salary?
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What is the first step in calculating tax?
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What is a tariff system?
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What is the fixed amount in a tariff system?
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What is the purpose of drawing graphs in tariff system analysis?
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What is the break-even point in break-even analysis?
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What skill is required to perform break-even analysis?
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What is an example of a context where tariff system analysis can be applied?
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What is the purpose of identifying points of intersection in tariff system analysis?
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What is the variable amount in a tariff system?
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What is the importance of understanding break-even points?
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What is the primary source of income for a business?
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What is the purpose of a budget in a business?
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What is the break-even point in a business?
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Why is it important to manage income and expenditure in a business?
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What type of cost is electrical appliances for a new business?
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Why is it important to set the right selling price?
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What is the purpose of an income-and-expenditure statement?
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Why is it important to analyse income and expenditure statements?
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What is the formula for calculating loss in a business?
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What is the main purpose of financial planning in a business?
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What is the primary difference between a loan and an investment?
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What happens to the total interest paid on a loan if the deposit size is increased?
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What is the effect of a higher interest rate on an investment?
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What happens to the real cost of a loan if the loan length is shortened?
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What type of interest is calculated on the current balance, including previous interest?
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What is the purpose of financial planning in relation to loans?
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What is the effect of higher monthly repayments on a loan?
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What happens to the total repayment amount if the interest rate increases?
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What is a Stokvel?
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What is the primary purpose of a budget?
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What is the main source of income for a small business?
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What is the break-even point in a business?
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What is the purpose of an income-and-expenditure statement?
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What type of cost is rent in a small business?
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What happens when total expenditure exceeds total income in a business?
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What is the purpose of analysing income-and-expenditure statements and budgets in small businesses?
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What is a production cost in a small business?
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What is the formula to calculate profit in a business?
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What is the effect of a shorter loan term?
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What is the purpose of a fixed deposit account?
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What is the impact of a higher interest rate on an investment?
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What is the purpose of a cheque or current account?
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What is the effect of compound interest on an investment?
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What is included in a bank statement?
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What is the purpose of starting early with investments?
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What is a debit transaction?
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What is the primary goal of adjusting for inflation in financial planning?
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What type of research question allows respondents to answer in their own words?
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What is the primary advantage of using observation in data collection?
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What is the purpose of a line graph?
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What is the main reason for banks charging fees?
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What is the range of the middle 50% of the data?
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What type of graph is used to show parts of a whole?
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What is the primary impact of inflation on consumers?
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What is the term for the difference between the highest and lowest values?
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What is the purpose of a box and whisker plot?
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What is the difference between simple interest and compound interest?
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What is the formula for calculating profit?
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What is the definition of probability?
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What is the result of demand-pull inflation?
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What is the purpose of analyzing inflation in different contexts?
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What happens when the total expenditure exceeds the total income?
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What is the probability of an impossible event?
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What is the probability of rolling an even number on a fair six-sided dice?
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What is the purpose of measures of central tendency?
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What is the primary purpose of checking calculations on a till slip?
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What is the term for the remaining credit limit after accounting for the current balance?
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What type of bill is charged for services such as water and electricity?
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What is included on a till slip to identify the shop?
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What should be verified when checking calculations on an account statement?
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What is the purpose of checking the change given back on a till slip?
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What is included in the item details on a till slip?
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What is the purpose of understanding account statements?
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What is the primary purpose of checking payment history on a cell phone bill?
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Which of the following is NOT a key concept in understanding cell phone bills?
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What is the formula used to calculate the VAT amount on a cell phone bill?
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What is the purpose of verifying the total amount due on a cell phone bill?
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What is the main purpose of understanding taxation in finance?
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What is the formula used to calculate the net salary?
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What is the purpose of an IRP5 form?
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What is the purpose of identifying tax-deductible deductions?
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How is PAYE calculated?
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What is the primary purpose of determining taxable income?
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What is the purpose of performing calculations on a cell phone bill?
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What is the term for the amount deducted from the total tax payable?
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What is the purpose of tax brackets?
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What is the primary purpose of understanding key financial terms?
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What is the first step in calculating tax?
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What is UIF?
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What is the purpose of deduction tables?
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What is net pay?
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How is monthly tax calculated?
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What is the net salary calculated by subtracting from the gross salary?
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What is the purpose of break-even analysis?
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What type of graph is obtained when representing the total cost of a tariff system?
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What is the tariff rate in a tariff system?
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What is the importance of identifying points of intersection in tariff system analysis?
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What is an example of a context where tariff system analysis can be applied?
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What skill is required to perform break-even analysis?
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What is the fixed amount in a tariff system?
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What is the variable amount in a tariff system?
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Why is it important to understand break-even points?
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What is the main purpose of a budget in a business?
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What type of cost is rent in a business?
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What is the purpose of an income-and-expenditure statement?
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What happens when total expenditure exceeds total income in a business?
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What is the break-even point in a business?
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What is included in the calculation of profit in a business?
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What is the main source of income for a small business?
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Why is it important to manage income and expenditure in a business?
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What is the purpose of analysing income-and-expenditure statements and budgets in a small business?
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What is an example of an occasional cost in a business?
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What is the main purpose of financial planning in a business?
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What is the primary source of income for a business?
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What is the purpose of an income-and-expenditure statement?
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What is the importance of analysing income and expenditure statements?
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What is the definition of profit in a business?
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What is the purpose of setting the right selling price?
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What is the definition of loss in a business?
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What is the importance of managing cash flow in a business?
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What is the purpose of budgeting in a business?
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What is the purpose of matching costs with income in a business?
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What is the primary feature of compound interest?
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What is the benefit of choosing a shorter loan term?
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What is the main purpose of a retirement annuity?
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What is the effect of higher interest rates on investments?
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What is the primary feature of a fixed deposit account?
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What is the main purpose of a bank statement?
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What is the effect of early investment on compound interest?
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What is the main benefit of regular contributions to an investment?
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What is the primary difference between a debit account and a credit account?
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What is the main purpose of financial planning in a business?
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What is the main difference between a loan and an investment?
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What affects the real cost of a loan?
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What is the benefit of starting to invest early?
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What is the impact of a higher interest rate on a loan?
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What type of interest is calculated on the current balance, including previous interest?
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What is the purpose of financial planning in managing loans and investments?
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What is the result of increasing the monthly repayment amount on a loan?
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What is the impact of a larger deposit on a loan?
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What is the difference between simple and compound interest?
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What is the formula for calculating the profit of a business?
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What is the effect of inflation on savings and investments?
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What is demand-pull inflation?
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What is the purpose of analysing inflation in different contexts?
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What is the formula for calculating the inflation rate?
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What is the purpose of using graphs to represent inflation trends?
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What is cost-push inflation?
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What is the effect of inflation on the purchasing power of money?
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Which type of research question allows respondents to answer in their own words?
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What is the purpose of classifying data?
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What is the primary advantage of using observation as a data collection method?
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What is the purpose of using tally marks when organizing data?
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What is the primary disadvantage of using closed questions in research?
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What is the primary purpose of financial planning in a business?
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What is the primary disadvantage of using sample bias in research?
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What is the primary purpose of a frequency table?
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Which measure of central tendency is the middle value in a data set when the values are arranged in ascending or descending order?
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What is the primary purpose of graphs in data analysis?
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What is the primary purpose of organizing data?
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What is the purpose of a line graph?
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What is the main feature of a histogram?
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What is the purpose of a box and whisker plot?
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What is the formula for calculating the mean?
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What is the purpose of calculating the median?
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What is the purpose of calculating the interquartile range (IQR)?
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What is the purpose of a scatter plot?
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What is probability measured as?
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What is the purpose of quartiles?
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What is the probability of rolling an even number on a dice?
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What is the purpose of tree diagrams in probability?
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What is the meaning of a false positive in a medical test?
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What is the purpose of using probability in weather forecasts?
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What is the probability scale?
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What is the purpose of two-way tables in probability?
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What is the term for the number of times an event occurs?
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What is the probability of rolling a specific number on a dice?
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What is the term for an event that occurs without any bias or pattern?
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What is the purpose of improving accuracy in probability predictions?
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What is included on a till slip to identify the shop?
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What is the purpose of checking calculations on a till slip?
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What type of information is included on an account statement?
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What is the term for the maximum amount of credit allowed on a store account?
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What type of bill charges customers for services such as water, electricity, and refuse removal?
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What is the purpose of checking the change given back on a till slip?
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What is included on a till slip to identify the items purchased?
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What is the term for the amount carried over from the previous account statement?
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What is the purpose of verifying the total amount due on a cell phone bill?
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What is the formula used to calculate the VAT amount on a bill?
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What is the term for the amount earned in a month, including salary, overtime, bonuses, etc.?
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What is the purpose of checking the payment history on a cell phone bill?
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What is the formula used to calculate the net salary?
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What is the purpose of understanding key financial terms on a cell phone bill?
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What is the purpose of an IRP5 form?
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What is the term for the time allowed to dispute or question a bill?
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What is the purpose of calculating the average monthly costs on a cell phone bill?
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What is the minimum salary before tax is charged?
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How is PAYE calculated?
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What is the purpose of checking for exemptions from VAT on a cell phone bill?
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What is the amount deducted from the total tax payable?
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What is the purpose of accuracy in performing calculations on a cell phone bill?
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What is the purpose of tax tables?
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What is the range of taxable incomes charged at a specific tax rate?
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What is the contribution towards UIF by the employer and employee combined?
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What is the formula for calculating net pay?
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What is the system that ensures taxes are collected regularly throughout the year?
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What is the primary purpose of calculating net salary?
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What is the tariff rate in a tariff system?
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What is the purpose of Step 3 in comparing tariff systems?
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What is break-even analysis used for?
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What is an example of a context where tariff system analysis can be applied?
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What skill is required to perform break-even analysis?
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What is the primary purpose of an income-and-expenditure statement?
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What is the importance of understanding break-even points?
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What is the purpose of identifying points of intersection in tariff system analysis?
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What is the importance of managing income and expenditure in a business?
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What is the main purpose of a budget in a business?
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What is the primary source of income for a small business?
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What is the break-even point in a business?
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What is the purpose of an income-and-expenditure statement?
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What type of cost is electrical appliances for a new business?
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Why is it important to analyze income and expenditure statements?
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What is the formula for calculating profit in a business?
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What is the purpose of financial planning in a business?
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What is the primary difference between a fixed cost and a variable cost?
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Why is it important to manage income and expenditure in a business?
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What is the main goal of financial planning in a business?
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What type of cost is incurred when establishing a business?
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What is the significance of the selling price of a product or service?
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What is the purpose of an income-and-expenditure statement?
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What is the result when total costs exceed total income?
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What is essential to ensure the profitability of a business?
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What type of cost is directly related to producing goods or services?
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Why is it important to manage cash flow in a business?
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What is the break-even point in a business?
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Why is it important to analysed income and expenditure statements regularly?
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What is the main purpose of a deposit in a loan?
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What is the main purpose of banks charging fees?
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How does an increase in interest rate affect a loan?
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What is the benefit of compound interest in investments?
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What type of interest is calculated on the original principal only?
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What happens to the total interest paid on a loan if the loan length is shortened?
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What is the result of the total expenditure exceeding the total income?
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What is the purpose of financial planning in managing loans and investments?
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What is the term for the rate at which the general level of prices for goods and services rises?
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What is the effect of inflation on savings and investments?
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What happens to the final investment value if the monthly investment amount is increased?
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What is the Real Cost of the Loan?
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What type of inflation occurs when the demand for goods and services exceeds supply?
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How does an increase in the interest rate affect an investment?
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Why should employees consider inflation rates when negotiating salary increases?
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What is the primary difference between a loan and an investment?
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What is the purpose of analysing inflation in different contexts?
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What is the total interest charged over the life of the loan?
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What is the primary purpose of adjusting for inflation in financial planning?
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What is the result of total income exceeding total expenditure?
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What is the purpose of a graph in analysing inflation trends?
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What type of research question allows respondents to answer in their own words?
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What is the purpose of using a sample in research?
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What is the advantage of using observation as a data collection method?
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What is the purpose of classifying data?
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What is the primary purpose of using tally marks in data handling?
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What is the primary purpose of financial planning in a business?
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What is the primary difference between a loan and an investment?
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What is the primary purpose of an income-and-expenditure statement?
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Why is it important to understand break-even points in a business?
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How does compound interest differ from simple interest?
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What is a key benefit of starting to invest early?
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What is the primary purpose of a cheque or current account?
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What does a bank statement typically show?
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What is the effect of a higher interest rate on a loan?
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What is the primary purpose of a fixed deposit account?
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What is the impact of regular contributions on an investment?
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What is the effect of a longer loan term?
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What is the primary purpose of financial planning in a business?
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What is the primary difference between a loan and an investment?
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What is the primary purpose of a line graph?
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What is the range of values in a dataset that is represented by the interquartile range (IQR)?
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What is the primary purpose of a scatter plot?
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What is the measure of central tendency that is most affected by outliers?
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What is the primary purpose of a frequency table?
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What is the median in a data set?
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What is the term for the value that appears most frequently in a dataset?
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What is the purpose of a box and whisker plot?
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What is the range in a data set?
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What is the purpose of a grouped frequency table?
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What is the measure of spread that is the difference between the highest and lowest values in a dataset?
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What is the interquartile range (IQR) in a data set?
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What is the purpose of a histogram?
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What is the measure of central tendency that is the middle value in an ordered dataset?
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What is the primary purpose of graphs in data analysis?
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What is the mode in a data set?
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What is the probability of an event that is impossible?
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What is the purpose of classifying data?
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What is the purpose of summarizing data?
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What is the primary purpose of quartiles in data analysis?
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What is the range of the probability scale?
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What is the probability of rolling an even number on a dice?
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What is the purpose of a tree diagram?
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What is the term for a test result that indicates a positive result when it is actually negative?
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What is the purpose of collecting more data over time in probability?
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What is the term for the number of times an event occurs?
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What is the probability of rolling a specific number on a fair dice?
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What is the purpose of two-way tables in probability?
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What is the probability of an impossible event?
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What is the term for each outcome in a probability experiment?
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What is the primary purpose of verifying the sum of item prices and the application of VAT on a till slip?
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What is the term for the remaining credit limit after accounting for the current balance on an account statement?
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What is the purpose of checking the change given back on a till slip?
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What type of bill is charged for services such as water, electricity, and refuse removal?
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What information is included on a till slip to identify the shop?
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What is the purpose of checking payments and balances on an account statement?
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What is the term for the amount carried over from the previous account statement?
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What is the purpose of calculating interest on overdue payments on an account statement?
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What is the main purpose of using tax tables?
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What is the term for the amount deducted from the total tax payable?
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What is the purpose of an IRP5 form?
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What is the first step in calculating tax?
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What is the purpose of PAYE?
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What is the term for the minimum salary before tax is charged?
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What is the purpose of deducting UIF contributions?
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What is the formula for calculating net pay?
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What is the purpose of applying rebates?
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A service provider charges a customer a total amount of $100 for a month's service, inclusive of VAT at 15%. What is the base amount before VAT is added?
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A person's gross salary is $4,000, and deductions include UIF of $200, pension contributions of $500, and income tax of $800. What is their net salary?
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A customer disputes a charge on their cell phone bill and has 30 days to resolve the issue. What is this period called?
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A business has a taxable income of $10,000 and is subject to an income tax rate of 25%. What is the income tax payable?
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A person has a principal amount of $1,000 invested at an annual interest rate of 10% compounded annually. What is the amount accumulated after 5 years?
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A customer's cell phone bill shows a total amount due of $150, including VAT at 15%. What is the VAT amount?
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What is the primary purpose of Subtracting deductions from gross salary?
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A person's average monthly cost for mobile services is $50, based on the past 6 months. What is their average daily cost?
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What is an essential skill required for comparing tariff systems?
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A service provider sends a customer a bill with a minimum payment due of $50. What is the purpose of the minimum payment?
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What is the term for the cost that changes per unit of usage?
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A person's payment history shows that they paid $100 last month and $120 this month. What is the change in their payment amount?
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What is the purpose of identifying points of intersection in tariff system analysis?
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A customer's cell phone bill shows a previous balance of $50 and a new charge of $20. What is their current balance?
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What is the break-even point in break-even analysis?
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What is an essential step in comparing tariff systems?
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What is the primary purpose of an income-and-expenditure statement?
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What is the primary purpose of drawing graphs in tariff system analysis?
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What is the main purpose of calculating the break-even point in a business?
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What is the primary difference between monthly operating costs and production costs?
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What is the purpose of an income-and-expenditure statement in a business?
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Why is it important to set the right selling price in a business?
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What type of cost is rent in a business?
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Why is it important to analyse income and expenditure statements in a business?
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What is the primary source of income for a business?
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Why is it important to manage income and expenditure in a business?
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What is the primary purpose of a budget in a small business?
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What is the purpose of an income-and-expenditure statement in a small business?
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What is the break-even point in a business?
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What is the primary source of income for a small business?
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What type of cost is rent in a small business?
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Why is it important to analyze income and expenditure statements?
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What happens when total expenditure exceeds total income in a business?
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What is the primary difference between a retirement annuity and a stokvel?
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Which type of bank account is best suited for short-term savings?
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What is the impact of a longer loan term on the total interest paid?
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What is the impact of regular contributions on an investment?
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What is the purpose of a bank statement?
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What is the effect of a higher interest rate on a loan?
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What is the primary benefit of choosing a shorter loan term?
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What is the effect of a shorter loan period on the total interest paid?
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What is the primary difference between a loan and an investment?
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How does an increase in the deposit size affect the total interest paid on a loan?
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What is the effect of higher monthly repayments on a loan?
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What is the purpose of financial planning in a business?
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How does an increase in the monthly investment amount affect the final investment value?
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What is the effect of a higher interest rate on a loan?
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What is the purpose of choosing terms and rates that balance monthly affordability with total cost when taking a loan?
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What is the effect of compound interest on an investment?
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What is the primary effect of inflation on savings and investments?
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What type of fee is charged by banks for maintaining an account?
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What is the purpose of limiting over-the-counter transactions?
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What is the result of demand-pull inflation?
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What is the effect of inflation on the cost of living?
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What is the purpose of analyzing inflation trends in different contexts?
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What is the formula for calculating the inflation rate?
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What is the primary difference between simple and compound interest?
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What is the result of cost-push inflation?
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What is likely to happen to a business's income if it does not account for expected inflation in its financial planning?
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Which type of research question is most suitable for collecting detailed and qualitative insights?
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What is the primary purpose of classifying and organising data in research?
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Which data collection method is most suitable for collecting behavioural data without interacting with people?
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What is the main advantage of using random sampling in data collection?
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What is the primary purpose of using tally marks in data organisation?
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What is the main disadvantage of using closed-ended questions in research?
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Which aspect of financial planning is most closely related to adjusting for inflation?
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What is the primary purpose of financial planning in a business?
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What is the main advantage of using questionnaires in data collection?
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What is the primary purpose of a grouped frequency table?
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What is the advantage of using the median over the mean?
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What is the purpose of quartiles in a data set?
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What is the purpose of interquartile range (IQR) in a data set?
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Why are graphs used in data analysis?
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What is the primary purpose of frequency tables?
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What is the primary purpose of a box and whisker plot?
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What is the purpose of percentiles in data analysis?
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What is the importance of representing, interpreting, and analyzing data?
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What is the range of values in which probability is expressed?
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What is the primary purpose of organizing data?
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What is the purpose of a scatter plot?
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What is the definition of the interquartile range (IQR)?
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What is the purpose of a histogram?
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What is the definition of the mode?
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What is the definition of the mean?
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If the probability of a person having a certain disease is 0.2, what is the probability that they do not have the disease?
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What is the probability of rolling an even number on a fair six-sided dice?
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In a two-way table, each cell represents...
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What is the main purpose of collecting more data over time in improving the accuracy of predictions?
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What is a false positive in the context of medical tests?
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What is the purpose of tree diagrams in probability?
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What is the range of the probability scale?
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What is the probability of rolling a specific number on a fair six-sided dice?
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What is the purpose of evaluating the sample size used for predictions in weather forecasts?
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What is the term for the number of times an event occurs?
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