Category JSS 1 Business Studies Notes (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…

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…

For all standard typewriters, the keyboard is arranged in four 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…

Meaning of Care of Computer: Care of computer means keeping the computer and its parts clean, safe, and in good working condition. Reasons for Caring for a Computer: Ways to Care for a Computer: Items Used for The Care of…

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…

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…

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. Bookkeeping can be defined as the activity of recording business transactions in a given order,…

Meaning of Chemicals A chemical is defined 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,…

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…

The various forms or types of business organization can best be illustrated with the table below Types of Business and Forms of Business ADVANTAGES A: Sole Proprietorship B: Partnership C: Co-operative Society D: Private Limited E: Public Limited Shoe mending…

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…

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 to make a profit. FACILITIES AVAILABLE FOR SELF-EMPLOYMENT If you want to be…

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.…

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…

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 Types…

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; These factors supply the…