Printers Correction Signs
Consumer Protection Agencies
Forms of Business Organisation: Limited Liability Company
<h1><strong>LIMITED LIABILITY COMPANY</strong></h1> CONTENT <ol> <li>Meaning of Limited Liability Company</li> <li>Public Limited Liability Company</li> <li>Advantages and Disadvantages of Public Limited Liability Company</li> <li>Meaning of Private Limited Liability Company</li> <li>Advantages and Disadvantages of Private Limited Liability Company</li> <li>Comparison between Public and Private Companies</li> </ol> <br> <h2><strong>Meaning of Limited Liability Company</strong></h2> A Limited Liability Company is a company in which the responsibility or liability of members for debts of the company is limited to the capital they have contributed or agreed to contribute. The private properties of members are excluded, and all that members lose if the company fails is the money they have contributed. It is formed and registered under the law known as the Company Act. When a company is formed and registered with the Registrar of Companies, it is said to be incorporated. There are two types of Limited Liability Company namely, Private and Public Companies. <h2><strong>Public Limited Liability Company</strong></h2> A Public Limited Liability Company is a business unit that carries on business to make profit for its owners. Examples are Nigerian bottling company Ltd., Total Nigeria Limited, First Bank of Plc. It is owned by Shareholders and managed and control by Board of management. <h3><strong>Advantages of Public Limited Liability Company</strong></h3> <ol> <li>It can raise money from the public through issuing of shares and debentures. This enhances the company expansion.</li> <li>It is a legal entity because it can sue and can be sued.</li> <li>The company’s properties are different from that of its owners.</li> <li>It enjoys continuity because it has perpetual life. The company can only be wounded voluntarily or on the order of a law court.</li> <li>Share holders cannot lose more than the value of their shares. This is because the company enjoys limited liability.</li> </ol>
The Right Attitude to Work
<h1><strong>THE RIGHT ATTITUDE TO WORK </strong></h1> CONTENT <ol> <li>The Concept of Work and Attitude</li> <li>Punctuality and Regularity</li> <li>Devotion to Duty</li> </ol> <h2></h2> <h2><strong>The Concept of Work</strong></h2> Work can be defined as any activity that a person is engaged in, in order to earn a living. <h2><strong>The Meaning of Attitude</strong></h2> Attitude is the way one thinks about or behaves towards things, persons or situations. Attitude can either be right or wrong, positive or negative, good or bad. <h2><strong>Having Right Attitude to Work</strong></h2> This means consciously choosing to have a positive state of mind towards what you do. You as an individual determine your attitude. <h2><strong>Attributes of a Right Attitude to Work</strong></h2> There are some attributes that show that one has a right attitude to work. These are:
Journals
<h1><strong>JOURNALS</strong></h1> CONTENT <ol> <li>Meaning of Journal</li> <li>Format of a Journal</li> <li>Types of Journal</li> <li>Purchase Day Book or Purchases Journal</li> <li>Sales Journal</li> <li>Returns Outward Day Book and Returns Inward Day Book</li> </ol> <h2><strong>Meaning of Journal</strong></h2> A journal is a document which contains the daily records of business transactions. Each record in a journal is called an entry. The journal is called a book of original entry because its entries are transferred to a second book. <h2><strong>Format of a Journal</strong></h2>
Meaning and Types of Market
Speed Development and Accuracy Skills
How to Make Complaints
Departments in an Office/Organisation and their Functions
<h1><strong>DEPARTMENTS IN AN OFFICE/ORGANIZATION AND THEIR FUNCTIONS</strong></h1> CONTENT <ol> <li>Kind of Offices in an Organization</li> <li>Meaning of Department</li> <li>Various Departments and their Duties in an Organization</li> </ol> <strong>Kind of Offices in an Organization</strong> There are generally two kinds of offices in an organization. These are general office and departmental office. <ol> <li><strong>General Office</strong>: This office deals with all the activities in the day to day running of the organization. The Administrative Manager is the head of this office. His responsibility is to coordinate the various activities of other offices. He controls the office workers, employs and deploys them to the department where their services are needed.</li> <li><strong>Departmental Office</strong>: Departmental offices are set up as supporting unit to assist the department in performing their day to day clerical activities. In each departmental office, there are departmental heads that controls the works of the subordinate.</li> </ol> <strong>EVALUATION</strong> <ol> <li>How many kinds of offices are there in an organization?</li> <li>Explain the duties of each of these offices.</li>
JSS1 Business Studies Second Term Examination (Mock)