Professional Documents
Culture Documents
GENERAL OBJECTIVES
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2.2.1 Meaning and purpose of a business
2.2.2 Business activities
2.2.3 Business: Internal, External
2.2.4 Effects of various business environments on a business
2.2.5 Healthy business environments
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4.0.0 PRODUCTION
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5.0.0 ENTREPRENEURSHIP
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7.1.0 Specific objectives
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By the end of the topic, the learner should be able to:
a) identify the various forms of business units;
b) explain the characteristics of each form of business unit;
c) discuss the formation and management of each form of business unit;
d) discuss the sources of capital for each form of business unit;
e) explain advantages and disadvantages of each form of business unit;
) recognize the circumstances under which the various forms of business units may be dissolved;
g) Discuss trends in business ownership.
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11.0.0 TRANSPORT
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11.2.1 Transport
11.2.2 Essentials of transport
11.2.3 Modes and means of transport
11.2.4 Advantages and disadvantages of each means of transport
11.2.5 Choice of an appropriate means of transport
11.2.6 Trends in transport. Containerization, Pipeline
12.0.0 COMMUNICATION
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12.2.1 Communication
12.2.2 Lines of communication: vertical/horizontal, formal and informal.
12.2.3 Essentials of effective communication
12.2.4 Forms and means of communication
12.2.5 Advantages and disadvantages of communication
12.2.6 Choice of an appropriate means of communication
12.2.7 Barriers to effective communication
12.2.8 Services that facilitate communication e.g. courier, postal, telecommunication
12.2.9 Trends in communication: Facsmile (Fax), Developments in the internet
(e.g. e-mail, e-commerce), Cell-phones
13.0.0 WAREHOUSING
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13.2.1 Warehousing
13.2.2 Essentials of a warehouse
13.2.3 Types of warehouses
13.2.4 Advantages and disadvantages of each type of warehouse.
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14.0.0 INSURANCE
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14.2.1 Insurance
14.2.2 Importance of Insurance
14.2.3 Terms used in Insurance
14.2.4 Principles of Insurance
14.2.5 Classes of insurance
14.2.6 Re-insurance and co-insurance
14.2.7 Obtaining an insurance policy
14.2.8 Making an insurance claim
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16.1.0 Specific Objectives
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16.2.1 Demand
16.2.2 Factors which influence demand for a product
16.2.3 Derived demand and joint demand
16.2.4 Demand schedule and demand curve
16.2.5 Movement along and shift in a demand curve
16.2.6 Elasticity of demand
16.2.7 Meaning of supply
16.2.8 Factors which influence supply of a product
16.2.9 Supply schedule and supply curve
16.2.10 Movement along a supply curve and shift in the supply curve
16.2.11 Elasticity of supply
16.2.12 Equilibrium price and quantity
16.2.13 Excess demand and excess supply
16.2.14 Effects of shift in a demand curve and shift in a supply curve on equilibrium price and quantity.
17.1.0 By the end of the topic, the learner should be able to:
a) distinguish between a firm and an industry;
b) discuss the factors which influence the decision on what goods and services to produce;
c) distinguish between different costs of production;
d) describe the criteria for determining the size of a firm;
e) explain the factors that influence the location of a firm;
I) discuss the economies and diseconornies of scale;
g) discuss advantages and disadvantages of localization and delocalization of firms;
h) justify the reasons for existence of small firms;
i) discuss the implication of production activities on the environment and community health.
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17.2.1 The concepts of a firm and industry
17.2.2 Decision on what goods and serves to produce
17.2.3 Costs of production: Fixed costs and variable costs, Direct costs and indirect costs, Total costs,
average costs and marginal costs,
17.2.4 Determining the size of a firm
17.2.5 Location of a firm
17.2.6 Economies and diseconomies of scale
17.2.7 Localization and delocalization of firms in an economy.
17.2.8 Existence of small firms in an economy
17.2.9 Implications of production activities on the environment and community health
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d) explain the problems encountered in measuring national income;
e) discuss the uses of national income statistics;
f) discuss the factors which influence the level of national income.
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23.0.0 BUSINESS TRANSACTIONS
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By the end of the topic, the learner should be able to:
a) explain the meaning and purpose of a cash book;
b) distinguish between the basic types of cash books;
c) explain the term contra entry;
d) prepare the various cash books.
25.2.1 Meaning and purpose of a cash book
25.2.2 Basic types of cash books
25.2.3 Contra entry
25.2.4 Preparation of a cash book: Single — column, Two— column, Three column, Petty cash book.
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272.l Financial statements: Trading accounts, Profit and loss account, Trading,
profit and loss account, Balance sheet.
27.2.2 Importance of the financial statements
27.2.3 Concept of trading period
27.2.4 Preparations of simple financial statements
27.2.5 Types of capital: working capital, borrowed capital, capital employed, capital owned
27.2.6 Calculating basic financial ratios: margins and mark-ups, current ratio/working capital ratio, rate of
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stock turn-over, return on capital
27.2.7 Importance of financial ratios
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29.2.1 Barter
29.2.2 Meaning and characteristics of money
29.2.3 Functions of money
29.2.4 Demand for and supply of money
29.2.5 Meaning of banking
29.2.6 Development of banking
29.2.7 Functions of commercial banks
29.2.8 Types of accounts offered by commercial banks
29.2.9 Functions of non-bank financial institutions
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29.2.10 The role of the Central Bank in an economy
29.2.11 Trends in banking
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31.0.0 INFLATION
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3 1.2.1 Inflation
31.2.2 Consumer price index
31.2.3 Types and causes of inflation
31.2.4 Effects of inflation in an economy
3 1.2.5 Controlling inflation
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By the end of the topic, the learner should be able to:
a) explain the meaning of international trade;
a) discuss the advantages and disadvantages of international trade;
b) account for the differences in the terms of trade between countries;
c) describe the components of balance of payments account;
d) discuss the causes of balance of payments disequilibrium;
e) discuss the measures that may be taken to correct balance of payments disequilibrium;
f) explain the terms of sale in international trade;
g) Describe the documents used in international trade;
h) Discuss the role of international financial institutions in international trade;
i) Describe the various forms of economic integration;
j) Recognize the importance of economic integration to a country;
k) Discuss the advantages and disadvantages of free trade;
1) Explain the reasons for and methods of trade restriction;
m) Discuss the advantages and disadvantages of trade restriction;
n) Discuss the various exchange rate systems;
o) Discuss trends in international trade.
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33.2.1 Economic growth and development
33.2.2 Characteristics of underdevelopment
33.2.3 Goals and development
3 3.2.4 Factors which hinder development
33.2.5 Meaning of development planning
33.2.6 Need for development planning
33.2.7 Problems encountered in development planning.
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