<h2><strong>ENTREPRENEURSHIP</strong></h2> CONTENT <ol> <li>Meaning of Entrepreneurship</li> <li>Meaning of Enterprise</li> <li>Meaning of Self Employment</li> <li>Facilities Available for Self Employment</li> <li>Successful Entrepreneurs</li> <li>Local, National and International Entrepreneurs</li> <li>Importance or Functions of Entrepreneurship</li> </ol> <br> <h2><strong>Meaning of Entrepreneurship</strong></h2> Entrepreneurship is gotten from the French verb ‘entrepreneur’, which means ‘to undertake’. Entrepreneurship is the process of starting a business or other organization for the purpose of making profit. The entrepreneur develops a business model, acquires the human and other required resources, and is fully responsible for its success or failure. It is defined as an individual who organizes or operates a business or businesses. <h2><strong>Meaning of Enterprise</strong></h2> Enterprise refers to economic and business, nonprofit and government agencies responsible for production and distribution of goods and services. It can also be defined as effort made by people to achieve something. For example people have the initiative to start project to face challenges and to take risk in order to achieve their goals.

<h1><strong>SOLE TRADE </strong></h1> CONTENT <ol> <li>Types of Business Organisation</li> <li>Meaning of Sole Trade</li> <li>Advantages and Disadvantages of Sole Trade</li> </ol>   <h2><strong>Forms or Types of Business Ownership</strong></h2> The following are the four forms of business ownership: <ol> <li>Sole proprietorship;</li> <li>Partnership;</li> <li>Co-operative societies and</li> <li>Private and public limited liability companies.</li> </ol> Ownership refers to the individual or organization that brings together the factors of production.

<h1><strong>CONSUMER, MARKET AND SOCIETY</strong></h1> CONTENT <ol> <li>Meaning of Consumer, Market and Society</li> <li>Need for Consumer Education</li> <li>Importance of Consumer Education</li> <li>Consequences of Lack of Consumer Education</li> </ol> <br> <h2><strong>Meaning of Consumer</strong></h2> A consumer can be defined as any person or corporate individual that purchases a product for immediate personal use. A consumer is an end user of a product. <h2><strong>Meaning of Market</strong></h2> This can be defined as any arrangement (personal or impersonal, formal or informal) which facilitates the exchange of goods and services for money. Market is where buyers and sellers come together to exchange goods and services for payment. <h2><strong>Meaning of Society</strong></h2> Society is the collection of people living together in a more or less ordered community. It is an organization or club formed for a particular purpose or activities. It is also a situation of being in the company of other people. <h2><strong>Meaning of Consumer Education</strong></h2> consumer education is a process by which consumers get the necessary enlightenment that will help them to make best decisions when purchasing goods and services. It is the preparation of an individual through skills, concepts and understanding that are required for everyday living to achieve maximum satisfaction and utilization of its resources. It is also defined as education given to the consumers about various consumer goods and services, covering price, what the consumers can expect and standard trade practice.

<h1><strong>THE NEED FOR MONITORING AND CONTROL OF CHEMICALS</strong></h1> CONTENT <ol> <li>Meaning of Chemicals</li> <li>Chemicals Suitable for Use and Not Suitable for Use</li> <li>Need for Monitoring and Controlling Food, Drugs, and Chemicals</li> <li>Ways of Controlling Chemicals</li> <li>Effects of Lack of Monitoring of Chemicals</li> <li>Misuse and Improper Distribution of Chemicals</li> </ol> <br> <h2><strong>Meaning of Chemicals</strong></h2> Chemicals are compounds or substances that are artificially prepared or purified. Chemicals are substances used in chemistry or produced by a chemical reaction or process. Chemicals can be solid, liquid or gas. Examples are ice, gold, petrol, water, salt, cooking gas etc. They can be grouped into suitable and unsuitable chemicals. <h2><strong>Chemicals Suitable for Use and Not Suitable for Use</strong></h2> <h3><strong>Suitable Chemicals</strong></h3> A chemical is considered to be suitable when its use does not bring any bad (or negative) effect on health or pose danger to lives and properties. Examples are flavourings, spices and preservatives for foods. <h3><strong>Unsuitable Chemicals</strong></h3> A chemical is said to be unsuitable when its use leads to adverse effects on lives, property and environment. Examples are caustic acids, ammonia, cyanide, etc.

<h1><strong>INTRODUCTION TO BOOK-KEEPING</strong></h1> CONTENT <ol> <li>Meaning of Book-keeping</li> <li>Importance of Book-keeping and Parties Interested in Book-keeping</li> <li>Essential Qualities of a Book-keeper</li> <li>Common Book-keeping Practices</li> </ol> <br> <h2><strong>Meaning of Book-keeping</strong></h2> Book-keeping may be defined as the art of recording business transactions in a systematic manner so that the books of account will reveal at any time the financial position of the business to the owner and other stakeholders in the business <h2><strong>Importance of Book-keeping</strong></h2> Every business organization keeps daily records of their financial transactions. Therefore, the importance of bookkeeping becomes necessary for the following reasons: <ol> <li>It is for easy reference of business financial records.</li> <li>It shows an accurate standing position of business in relation to its customers i.e. what is owed and what is owed by the firm</li> <li>It reveals profits and losses position to the company through trading, profit and loss account.</li> <li>It provides information to members of the public who are interested in the business through the balance sheet.</li> <li>Auditors use the books to issue their audit reports.</li> <li>The records kept help in management decision-making.</li> <li>The records project the image of the business to the public.</li> <li>It is a means by which finances of a business can be controlled.</li> </ol>

<h1><strong>SOURCE DOCUMENTS</strong></h1> CONTENT <ol> <li>Meaning of Source Document</li> <li>Importance of Source Documents</li> <li>Types of Source Documents</li> </ol> <br> <h2><strong>Meaning of Source Document</strong></h2> Source documents may be defined as original documents on which monetary transactions are recorded, which provide necessary information for the preparation of books of original entry. It can also be defined as original documents on which information is recorded about business transactions. Transactions are the major feature of any business. The business transactions take place when goods and services are transferred from one person to another. There are two types of transaction namely cash and credit transaction. Cash transaction means that money is paid immediately the transaction occurs. Credit transaction means that payment for what is bought or sold is made at a later date. <h2><strong>Importance of Source Documents</strong></h2> The following are the importance of source documents:

<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>

<h1><strong>PARTNERSHIP</strong></h1> CONTENT <ol> <li>Meaning of Partnership</li> <li>Types of Partnership</li> <li>Advantages and Disadvantages of Partnership</li> </ol>   <h2><strong>Meaning of Partnership</strong></h2> A partnership is a business owned and managed by two or more persons who become partners by written agreement. The Partnership Act of 1890 and the companies Act of 1958 state that the maximum number of people who can form a Partnership is restricted to 20 persons while the minimum should be 2 persons. These partners share the profit or losses and the responsibilities of their business. Those in law and accounting professions are prohibited under the Companies Act of 1968 from forming partnerships. A document containing the written agreement, rights and obligations of the partners is called the deed of partnership. <h2><strong>Types of Partnership</strong></h2> There are various types of partnerships as stated below:

<h1><strong>CO-OPERATIVE SOCIETIES</strong></h1> CONTENT <ol> <li>Meaning of Co-operative Societies</li> <li>Types of Co-operative Societies</li> <li>Advantages and Disadvantages of Co-operative Societies</li> </ol> <br> <h2><strong>Meaning of Cooperative Societies</strong></h2> A cooperative society exists when groups of workers, individuals, organizations, farmers or communities pull their resources together towards a common goal. Unlike the partnership form of business organisation, there is no maximum number of persons that can form a co-operative society. The main purpose of the cooperative society is to sell goods and services to members at a cheap rate, and do business together for profit purpose and share the profits among the members. <h2><strong>Types of Cooperative Societies</strong></h2> The common types of cooperative societies are: (a) Producers Cooperative (b) Consumers Cooperative   <h3>(a) <strong>Producers Cooperative</strong></h3> Producers form a common association in order to sell their products in a uniform price instead of selling individually, e.g. producers of yam, garri, cocoa etc may form a cooperative society for the selling of their products.