Business Studies

MEANING OF AIDS TO TRADE By the expression Aids to Trade we mean those things or agents that make trade to grow . The aids to trade make trade easy and for this reason they are called aids to trade or factors of trade or auxiliary to trade.   THE AIDS TO TRADE These aids […]

Meaning of Trade Trade is the buying and selling of goods and services. It can also be defined as the activities which cover exchange, buying and selling of goods and services   Branches of Trade Trade has three main branches which are as follows Home Trade: this is the act of exchanging, buying and selling

Occupation refers to various activities that are legal, ( that is not against the law ) which people engage in,  in order to earn their daily living. It can also be defined as the activities in which people engage themselves in, in order to earn a living.   CLASSIFICATION OF OCCUPATION Occupations are divided or

DEFINITIONS A clerical staff is someone who keeps record of account or sales in an office .Generally , a clerical staff is assigned to do written work. Examples of a clerical staff are Accounts clerk Sales clerk, etc   QUALITIES OF A CLERICAL STAFF Must possess a sound minimum education of West African Senior School

Office equipment are tools and assets used by a firm or an organization. The organisations use them for the following:- To receive information To disseminate information For saving valuable items, etc. VARIOUS TYPES OF OFFICE EQUIPMENT The various types of office equipment in use in an office are :- OFFICE CABINET This is a place

DIFFERETNT DEPARTMENTS IN AN ORGANSIATION The size of an organization depends on various departments in an organization. In a one man business the owner can act as an accountant, receptionist, clerk, manager, personnel manager, e.t.c in this type of organization the departments are few. But in a large organization where division of labour is practiced

TYPES OF OFFICE Basically there are two types of office and they are: Big or large office Small office   BIG OR LARGE OFFICE: this is a large building partitioned into small offices. SMALL OFFICE: This could just be a single room with a table, telephone and in some cases, fax machine and a computer.

MEANING OF BUSINESS STUDIES Some decades ago, the means by which people earned their living was through trade by barter system. Trade by barter is a means of exchanging good s for goods and services for services. In this system, someone who needs one thing or the other has to look for someone who has

Usually, punctuation marks as used in sentences give meaning to sentences. Punctuation marks can be used to separate sentences, or to put an end to sentences. Punctuation marks include comma, full stop, colon, exclamation mark. Computer Symbols and Punctuation Marks .           Full stop or Period ,           Comma :           Colon ;           Semi colon ?          Question mark

The home keys for the left hand fingers are A,S,D and F while the home keys for the right hand fingers are J, K, L and ;(semi-colon). Fingers should be rightly placed on the home row keys.   SHORTCUT KEYS ABCs Shortcut keys are commonly accessed by using Alt, Command key, Ctrl or Shift in

HOME ROW KEYS The home row is that middle horizontal row of the keyboard which starts with A and goes all the way across. The home row key is a key concept typing. When set to type, the idea is that each finger remains in light contact with a particular key of the home row;

For all standard typewriters, the keyboard is arranged in four rows The top rows The upper rows The home rows The bottom rows   The top row consists of figures and symbols. The upper row is the QWERTY row. The home row is the home keys row while the bottom row is the bottom row

CARE OF COMPUTER The computer should be covered when not in use to keep it dust-free. Keep your computer system, anti-virus software, firewall, spyware and other security programs up to date. Browse the internet responsibly. Visit websites you trust and download files and programs only from reliable sources. Close all programs before you shut down

Keyboarding is the act of manipulating a keyboard to produce information.. In other words, keyboarding is the utilization of a keyboard for typing and other computer functions. Keyboard exists both in typewriter and in computer. But in typewriting, keyboarding does not have to result in hard copy whereas typewriting usually does.   Keyboarding is used

The Double Entry principle: The double entry principle states that for every credit entry there must be a corresponding debit entry and vice versa. For a proper understanding of this principle, it must be borne in mind that every business is a separate entity, and every account of a business is personified i.e. deemed to

Meaning Of Bookkeeping Bookkeeping is the name used to describe the recording of cash and credit transactions so that information relating to the transactions may  be easily obtained. Or Bookkeeping can be defined as the activity of recording business transactions in a given order, so that the records will show the exact situation of the

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

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

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