JSS 1 Business Studies (1st, 2nd & 3rd Term)

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           

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

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

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,

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

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