<h1><strong>HONESTY IN BUSINESS</strong></h1> CONTENT <ol> <li>Meaning of Honesty and Truthfulness</li> <li>Attributes of Truthfulness, Steadfastness and Straightforwardness</li> <li>Factors that Cause People to Lie</li> <li>Rewards for Being Truthful</li> <li>Consequences of Not Being Truthful</li> <li>Meaning of Fair Play</li> <li>Attributes/Qualities of Fair Play</li> <li>The Six Pillars of Character</li> </ol>   <h2><strong>Meaning of Honesty and Truthfulness</strong></h2> Honesty is the quality of being truthful and trustworthy. To be honest is to tell the truth at all times even at personal risk to oneself. Honesty in business is also known as ethical behaviour in business. Truthfulness means making true statement about something or somebody. It is very important for developing trust and building lasting relationships among people both in and outside the business. It helps people to be objective and lead to confidence and trust between/among business associates. A person who is not truthful is said to be dishonest or untruthful. <h2><strong>Attributes and Characteristics of Truthfulness</strong></h2> The attributes and characteristics of truthfulness include the following: <ol> <li>Consistent behaviour: It is being able to maintain a particular standard that one has been known for. It means one is reliable and can therefore be trusted in all circumstances and by everyone concerned.</li> <li>Steadfastness: This means, the quality of being firm in one’s dealing with people. Those who are steadfast are loyal, they can be depended upon in all situation.</li>

<h1><strong>ETHICS IN SOURCING CHEMICALS</strong></h1> CONTENT <ol> <li>Meaning of Ethics</li> <li>Ethics in Sourcing Chemicals</li> </ol>   <h2><strong>Meaning of Ethics</strong></h2> Ethics are the codes of conduct or standards guiding the operation of a certain profession. They are the values, principles or rules guiding a particular profession. For example, a teacher is not supposed to beg for money from students to give them high scores in examinations. <h2><strong>Ethics in Sourcing Chemicals</strong></h2> This is the act of ensuring that chemicals being sourced are created in safe facilities by workers who are treated well and are paid for wages to work legal hours. It implies that the supplier is respecting the environment during the production and manufacturer of chemicals. The ethics in sourcing chemicals cover the following areas: <ol> <li>Licensed chemical vendors</li> <li>Good handling techniques</li> <li>Delivery</li> <li>Storage</li> <li>Good distribution of chemicals</li> <li>Proper disposal of chemicals</li> </ol> <h3>1. <strong>Licensed Chemical Vendors</strong></h3> A licensed vendor is someone that has been given a permit to import, buy and sell chemicals. Licensed vendors ensure that they keep strictly to the ethics and rules for trading in chemicals. The master list of licensed vendors can be obtained from the National Agency for Food, Drugs Administration and Control (NAFDAC) and the Standard Organization of Nigeria (SON). The following are reasons for sourcing chemicals from licensed vendors: (i) You are sure that it is a product that is legally permitted for use in Nigeria. (ii) The source of the chemical is known. (iii) The purity and stability are ensured. <h3>2. <strong>Good Handling Techniques</strong></h3> The following ethics guide the handling of chemicals:

<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>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: