Business Studies

PRINTER’S CORRECTION SIGNS

Manuscripts are handwritten scripts or document. Manuscripts may contain correction additions, alterations and abbreviations etc. Proof correction signs Symbol Text Sign Meaning Caps/u.c Change letter business studies Capital upper case letter used # lnsert Insert space ~   University Elias_transpose   Elias University          , insert Insert comma Common Abbreviation Abbreviation                           Meaning Abt                                          […]

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CONSUMER RIGHT

Consumerism – The actions of individuals and government responsible for consumer dissatisfaction in exchange relations. In other words, consumerism is a protest of consumers against unfair business practices and business injustices. Consumerism makes sure that businesses provide useful information and make sure that consumers get quality for their money. Meaning of A Right This is

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ERASING TECHNIQUES

Erasing techniques have evolved over time, reflecting the constant human endeavor to correct and refine written or drawn expressions. The concept of erasing goes beyond mere removal; it symbolizes the acknowledgment of mistakes and the pursuit of improvement. In the historical context, before the advent of rubber erasers, alternative methods were employed to rectify errors

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8 Types of Departments In An Organization

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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SIMPLE TABULATION

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

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RIGHT ATTITUDE TO WORK

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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PROCEDURES FOR MAKING PAYMENT

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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BUSINESS LETTER

A BUSINESS LETTER: AN INDISPENSABLE TOOL IN CORPORATE COMMUNICATION A business letter serves as a crucial means of communication between entities, whether it be exchanges among companies or interactions with customers, clients, and external stakeholders. This formal written correspondence plays a pivotal role in maintaining professional relationships and conveying information in the corporate world. The

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PRODUCTION

Production is the transformation/changing or conversion of raw materials into finished goods. It is the changing of natural resources or raw materials into finished goods, exchange and distributed in order to satisfy human wants. In other words, it is the creation of goods and service. Production is not complete until the goods reach the final

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CORRECT SPACING AND PUNCTUATION MARKS

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

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OCCUPATION

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

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CONSUMER, MARKET AND SOCIETY

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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ENTREPRENEURSHIP

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

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DOUBLE ENTRY BOOK-KEEPING

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

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MONITORING AND CONTROL OF CHEMICALS

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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THE OFFICE

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.

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DEPARTMENTS IN AN ORGANSIATION

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

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CLERICAL STAFF

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

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