Meaning of Chemicals A chemical is define as any substance which is capable of breaking down, or combining with its kind or other substances under a suitable environment, to become a new substance, having a completely different character, behavior, quality or use. Chemicals suitable for use and those not suitable for use. Characteristics of […]
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Meaning of consumer A consumer is any person who buys goods and services for his / her personal use. Also a consumer can be seen as a person who purchases a product or service for his use and not for resale or for use in manufacturing another product. Meaning of Market A market has
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TYPES OR FORMS OF BUSINESS ORGANIZATIONS The various forms / types of business organization can best be illustrate with the diagram below TYPES /FORMS OF BUSINESS A B C D E Sole Proprietorship Partnership Co-operative Private Public Shoe mending -manufacturing society Limited Limited Kiosk ownership -farming Thrift Co-op Liability Liability Farming – Estate
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Meaning of Entrepreneurship: Entrepreneurship, as we have earlier noted, comes from the French verb ‘entrepreneur’ which means ‘to undertake. Entrepreneurship is the act or art of organization or owning a business by taking financial risks with a view to making profit. IMPORTANCE OF ENTERPRENEURSHIP Entrepreneurs have the ability to bear risks and so create
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MEANING OF ENTREPRENEURESHIP Entrepreneurship comes from the French verb ‘entrepreneur’, which means to ‘undertake’, Entrepreneurship is the act or art of organization or owning a business by taking financial risks with a view to making profit. EVALUATION Define entrepreneurship What is the chief purpose of entrepreneurship? FACILITIES AVAILABLE FOR SELF-EMPLOYMENT If you want
Meaning of Ethics Ethics are the values, principles/ rule and behavior by which people in the society, or group of people is a profession or association live. It is a set of rules that makes people to be aware of right and wrong. ETHIC GUIDING THE SOURCING OF CHEMICALS A person or business organization
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MEANING OF TRUTHFULNESS Truthfulness is a quality that is exhibited by a person who tells the truth all the time even if it will put him or her in trouble. A truthful person is an honest person. ATTRIBUTES OF TRUTHFULNESS Some of the attributes of truthfulness are Avoiding lies Standing by the truth always,
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DEFINITIONS OF OCCUPATION An occupation is what a person does in order to earn a living. Examples are teaching, law, trading, medicine, etc DIVISION OR TYPES OF OCCUPATION There are five main divisions or types of occupation which are Extractive occupation Manufacturing Occupation Constructive occupation Commercial occupation Services occupation These can be shown in
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Meaning of factors of Productions For the activities of production to take place, factors must be available.These are the things that make the production of goods and services possible; hence they are called factors or agents of production. They are; Land Labour Capital and Enterpreneur These factors supply the money, physical effort, land or place
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8 Types of Departments What is department? A department is a unit or section established within an organisation to carry out the functions of that organisation. Departments in an organisation The following are the various departments that can be found in an organisation. They are: Administrative department Purchasing department Accounting department Sales department Personnel department
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THE CLERICAL STAFF The office staff/clerical officer An officer staff or a clerical officer is an employee or a worker of an organisation who perform clerical and administrative duties in an office. A clerk who keeps records concerning the financial transactions of the organisation is called an account clerk. Clerical Works or duties Some
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Definition of an office. An office is a place or a room set aside in an organization for performing clerical and administrative duties. It is the centre of all clerical activities in an organization or establishment. Clerical and administrative duties can simply be referral to as: Written work Record keeping Receiving and giving information etc.
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The word attitude can be describe as the feeling and thought an individual has towards someone or something. Every organisation or even family has a code of conduct or practice. E.g. your school. If the employees in an organisation follow its code of practice, we can conclude that such employees have the right attitude to
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INTRODUCTION TO BUSINESS STUDIES What is business? Business can be defined as any service rendered to satisfy human needs or desires which is aimed at making profit in order to earn a living, although there may be loss. Objections of Business Studies The following are the objectives of studying or the reasons why business
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Meaning of a Table A table is a structure made up of rows and columns and used to organize data. Tables are very good for presenting figures and statistics. Tabulation involves arranging items in columns. In a tabular arrangement therefore, Items stand out below each other, vertically, and on the same line as another in
Content: Meaning i.e. cash, bank transfer, cheque, bank draft, e-payment. Wages and Salaries Office. Methods of Paying Wages. Store Records-Delivery Note, Gate Pass. There are various means of settling a bill in business transactions. They include: payment by cash Payment by cheque: This is done by instructing the bank to pay our supplier from the
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BALANCE SHEET DEFINITION OF BALANCE SHEET Balance sheet can be defined as a statement showing the assets and liabilities of a business as at a given date. A balance sheet is not an account and so it does not have debit or credit side. Also it does not have balance brought down or balance carried
ERASING TECHNIQUES ERASING TECHNIQUES In typewriting work, errors and mistakes must be corrected. To produce accurate documents all errors must be neatly corrected. When errors are found in a typed work, the following materials can be used to erase the error: Typing eraser Correction fluid Correction paper Typing Eraser If the typewriter eraser
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BUSINESS LETTERS INTRODUCTION: A business letter is also known as an official or formal letter. Some of the distinguishing features of a formal letter are: (i) the two addresses of the addressee and the addresser, (ii) the salutation, etc LAYOUT This is the style of display of a letter. There are two styles which
MEMORANDUM PURPOSE OF MEMORANDUM A memorandum or memo is an internal communication within an organization. Such written communication between the personnel and accounts departments or between the marketing and accounts departments are examples of memo. A memorandum is also shortened as a memo. Because a memo is between staff in the same organization, it does